CO SB163

Extends the deadline for requesting a cost-benefit analysis of proposed rules from 5 days after notice to up to 15 days before the scheduled hearing, or up to 10 days after notice if the hearing is scheduled within 20 days of filing.

Requires agencies to complete cost-benefit analyses at least 5 days before the rule-making hearing and mandates inclusion of noneconomic benefits, regional impact analysis if materially disparate effects are anticipated, and at least two alternatives to the proposed rule.

Requires the executive director to inform the public about material negative economic or noneconomic impacts through either a public presentation at the hearing or a written report made part of the administrative record.

Allows the executive director to require agencies to update cost-benefit analyses before, during, or after the hearing to reflect material changes to proposed or adopted rules, and permits general assembly members to request post-adoption analyses one year after rule adoption.

Requires the Public Utilities Commission, Department of Natural Resources, and Department of Public Health and Environment to dedicate a portion of the rule-making hearing to presenting their cost-benefit analyses and allow public testimony regarding them.