This bill amends section 84-906.03 of the Reissue Revised Statutes of Nebraska to enhance the legislative process by requiring the Legislative Fiscal Analyst to prepare economic impact reports for any legislative bill that necessitates regulatory action by an agency. The economic impact report must include a comprehensive cost-benefit analysis covering various aspects such as estimated benefits, compliance costs, and the impact on state expenditures. Additionally, state agencies are mandated to cooperate with the Legislative Fiscal Analyst by providing relevant information for these reports.

Furthermore, the bill mandates the Secretary of State to create an annual report detailing the total number of new and amended rules and regulations adopted by each agency, which must be submitted to the Clerk of the Legislature. This report will be indexed by agency, ensuring transparency and accountability in the regulatory process. The original section 84-906.03 is repealed, and the new provisions are inserted to streamline the reporting and regulatory framework in Nebraska.

Statutes affected:
Introduced: 84-906.03