SB 1205 Creates the Small Business Regulatory Fairness Board to serve as liaison between agencies and small businesses
LR Number:4899S.01I Fiscal Note:4899-01
Committee:Financial and Governmental Organization
Last Action:05/17/02 - S Inf Calendar S Bills for Perfection Journal page:
Effective Date:August 28, 2002
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Current Bill Summary

SB 1205 - This act requires state agencies which are proposing rules to consider alternative compliance methods for small businesses and to prepare a small business impact statements.

The act creates the Small Business Regulatory Fairness Board. The Department of Economic Development will provide staff for the Board. The Board shall provide agencies with input regarding proposed rules, consider requests from small business owners for review of agency rules, review agency rules and make recommendations to the agency and general assembly regarding the need for a rule or legislation, conduct hearings and solicit input from regulated small businesses and prepare an annual evaluation report to the Governor.

The Board shall consist of two members appointed by the Governor, one member appointed by the Lieutenant Governor, two members appointed by the House of Representatives, two members appointed by the senate, one member appointed by the speaker of the House and one member appointed by the President Pro Tempore of the Senate.

Small business owners may petition an agency objecting to any rule, and the agency shall forward the petition to the Board and the Joint Committee on Administrative Rules. The agency must determine whether its impact statement or public hearing addressed the actual impact on small business and will submit a written response to the Board. The agency may determine the petition warrants adoption of amended or new rules, or may determine no additional action is necessary. A small business may seek review of the agency's decision by the Board. The Board shall report its findings to the Governor and General Assembly, which may take action as appropriate.

This act is identical to HB 1753.