This bill amends and reenacts section 29A-3-11 of the Code of West Virginia, 1931, to enhance the requirements for the submission of legislative rules by agencies to the Legislative Rule-Making Review Committee (LRMRC). It mandates that each proposed legislative rule must include a detailed statement of the economic impact on the state and its residents, which must consider various factors such as regulatory costs, business productivity, job creation, private-sector investment, and overall economic growth. The bill also specifies that the LRMRC must review the economic impact of the proposed rule and note any failures by agencies to comply with submission requirements.

Additionally, the bill revises the contents of the submission to include a fiscal note that outlines any adjustments to fees or special revenue, and it requires the committee to assess whether the proposed rule aligns with legislative intent and statutory authority. The committee is tasked with providing recommendations on whether to authorize, amend, withdraw, or reject the proposed rule, and must file a notice of its actions, including any compliance failures by the agency. Overall, the bill aims to ensure a more thorough evaluation of the economic implications of legislative rules before they are enacted.

Statutes affected:
Introduced Version: 29A-1-2, 29A-3-11, 29A-3-15
Committee Substitute: 29A-3-11