HI SB2719

Requires fiscal impact statements for any legislative measure that would affect the receipt, expenditure, or allocation of state or local funds, either directly or indirectly, prior to committee consideration.

Assigns the Office of the Legislative Auditor responsibility for preparing fiscal impact statements, with the authority transferring to the Office of the Legislative Analyst once that office is fully funded.

Requires fiscal impact statements to include estimates of immediate and long-range costs, revenue or savings, and itemization of capital expenditures and operating costs broken down by personnel, materials, supplies, and capital outlay.

Mandates that state agencies provide requested information to the legislative auditor within 24 hours, and allows the auditor to approve extensions for good cause.

Exempts general appropriations bills, bills appropriating a specific amount, and measures affecting state retirement funds from the fiscal impact statement requirement, except for programs involving federal funds that require state expenditures.