This bill creates a commission to study the feasibility and structure of a legislative office that would provide longitudinal cost-benefit analysis of significant proposed legislation and budgetary revenue estimates. The commission would consist of members from the House of Representatives, the Senate, the Legislative Budget Assistant, the Department of Revenue Administration, and economists with experience in budget and revenue analysis. The commission would study the establishment of the legislative office, including its administrative home, criteria for selecting proposals to analyze, and the composition of an oversight committee. The commission would consult with existing econometric modeling firms and issue a final report with recommendations by November 15, 2024.

Additionally, this bill repeals RSA 14:53, which relates to the commission to study the feasibility and structure of a legislative office to provide longitudinal cost-benefit analysis of significant proposed legislation and budgetary revenue estimates. The repeal of this section would take effect on November 15, 2024, while the remainder of the bill would take effect upon its passage.

Statutes affected:
Introduced: 14:53