This bill designates Coos County as a "distressed place-based economy," recognizing the county's significant economic challenges, including high rates of poverty and unemployment. To address these issues, the bill mandates that commissioners of state agencies consult with Coos County commissioners before making any regulatory decisions that could impact the county's economy. The intent is to foster collaborative and tailored regulatory approaches that consider the unique characteristics and needs of Coos County, thereby promoting economic sustainability and growth.

The bill introduces a new chapter, Chapter 162-U, which defines key terms such as "place-based economy" and "distressed." It outlines the regulatory principles that state department commissioners must follow, emphasizing the importance of including local government input in decision-making processes. Additionally, the bill requires that any regulatory decisions affecting Coos County be justified and that potential negative impacts on the local economy be mitigated. The act will take effect 60 days after its passage, but it does not provide funding or authorize new positions, leading to indeterminable increases in expenditures for various state departments as they adapt to the new requirements.