Senate Bill No. 30 Summary

• After May 1, 2012, state agencies cannot adopt rules with any estimated economic impact on the state, state instrumentalities, or political subdivisions unless required by court order, federal law, federal regulation, or federal grant/loan terms.

• Agencies must submit proposed rules to the office of management and budget for fiscal analysis if the rule will have an economic impact exceeding $500,000 on regulated persons or any amount on state/local government entities.

• The office of management and budget must prepare a fiscal impact statement within 45 days (or 21 days for environmental rules) detailing the rule's impact on the state, state instrumentalities, political subdivisions, and regulated persons.

• Agencies must consider voluntary compliance by regulated persons when calculating economic impact and must provide data, assumptions, and phase-in periods when determining total estimated economic impact.

• An emergency declaration is included, making the act effective upon passage.