SB 102 - Currently, a fiscal note on proposed legislation prepared by the Oversight Division of the Committee on Legislative Research must state the cost of the legislation to the state for the next two fiscal years. This act provides that the fiscal note must examine the cost to the state for the next five fiscal years. If the proposed legislation provides that the cost to the state will not begin until after the next two fiscal years, the fiscal note must examine the cost to the state for the next five fiscal years after such costs commence. If the legislation contains an expiration date, then the fiscal note must examine the cost to the state for every year until the legislation expires.
When preparing the fiscal note, the Division must utilize the most recent available data. The fiscal note must state a specific dollar amount for the cost and cannot state the cost of the legislation as unknown. Departments and agencies are prohibited from making any response or comment to proposed legislation as part of the fiscal note process other than as part of the official response of the department or agency to the request for information from the Division.
This act is similar to SB 644 (2014).