BILL NUMBER: S5380
SPONSOR: HARCKHAM
 
TITLE OF BILL:
An act to amend the legislative law, in relation to requiring
introducer's memorandum to include a statement of fiscal impact affect-
ing political subdivisions
 
PURPOSE:
The purpose of this bill is to make aware of the financial impact
proposed literature would have on political subdivisions by requiring
every introducer's memorandum includes a statement of fiscal impact.
 
SUMMARY OF PROVISIONS:
Section 1 amends the section heading of section 51 of the legislative
law
Section 2 amends section 51 of legislative law by adding subdivision 5
which requires every introducer's memorandum appended to a bill shall
include a statement of fiscal impact affecting political subdivisions.
Section 3 states the effective date
 
JUSTIFICATION:
When legislation is introduced it is important that we consider the
impact on local governments since it can have a devastating economic
effect on political subdivisions. Adding a local fiscal impact note
allows representatives to be better educated on the financial impact
proposed legislation would have on the political subdivisions they
govern.
 
LEGISLATIVE HISTORY:
2023-2024: S5966/A305 - Died in Investigations & Government
Operations/Died in Governmental Operations
2021-2022: S656/A4615 - Died in Investigations and Government
Operations/Died in Governmental Operations
2019-2020: S7060 - Died in Investigations and Government Operations
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S5380: 51 legislative law