This bill mandates that state agencies conduct a cost-benefit analysis before adopting or amending administrative rules, ensuring that the projected benefits of a rule exceed its costs. It introduces new definitions for "benefit," "cost," "stakeholder," and "best practices," and requires agencies to publish both preliminary and final cost-benefit analyses in the State Register. The bill also stipulates that agencies must consult with the commissioner of management and budget to assess the projected costs and benefits for local governments. Additionally, it outlines the procedures for exempt rules and requires notification to legislative committees regarding the adoption of certain rules.

The legislation amends several sections of Minnesota Statutes, including the addition of a new section that specifies the requirements for cost-benefit analyses and the conditions under which rules may be exempt from these requirements. It emphasizes transparency by mandating that all documentation related to the cost-benefit analysis be made publicly accessible. Furthermore, the bill allows for judicial review of rules based on the adequacy of their cost-benefit analyses, ensuring that rules adopted are not only legally sound but also economically justified. The act is set to take effect the day after final enactment and applies to rules adopted or amended thereafter.

Statutes affected:
Introduction: 14.002, 14.02, 14.131, 14.14, 14.15, 14.386, 14.388, 14.389, 14.44, 14.45