This bill amends current law to mandate the preparation of a fiscal note for any bill that establishes a new program or expands an existing program, as long as the costs are borne by the State or any political subdivision. The new legal language specifies that the Legislative Budget and Finance Officer must forward a request for a fiscal note to the Director of the Division of Budget and Accounting if the bill may impact expenditures or revenues, explicitly including the creation or expansion of programs.

Previously, fiscal notes were required for bills that could increase or decrease expenditures or revenues, but this bill broadens that requirement to ensure that any new or expanded programs are also evaluated for their financial implications. The bill is set to take effect immediately upon enactment.

Statutes affected:
Introduced: 52:13B-6