The bill amends existing law regarding agency rulemaking by introducing new restrictions on the adoption of rules that could negatively impact the state's fiscal resources. Specifically, it prohibits agencies from adopting rules that would cause a negative fiscal impact on the general fund, other state funds, or state revenue unless there is a prior legislative appropriation for the purpose of the proposed rule or if the impact does not exceed a prior appropriation. Additionally, the bill mandates that agencies include a fiscal analysis of the proposed rule's impact in their notice of proposed rulemaking.

Furthermore, the bill enhances the requirements for the notice of proposed rulemaking by stipulating that it must include a citation to the specific legal authority for the proposed rule, which now explicitly includes a prior legislative appropriation. The notice must also provide a fiscal analysis of the proposed rule's impact on state finances. These changes aim to ensure greater transparency and accountability in the rulemaking process, particularly concerning the financial implications of new regulations.

Statutes affected:
introduced version: 14-4-5, 14-4-5.2