KY HB849

Creates a publicly accessible online permit transparency portal within 12 months (pilot phase with 3 agencies) and full implementation within 24 months, allowing applicants to submit applications electronically, track status, and receive automated deadline notifications

Requires administrative bodies to complete a regulatory inventory report within 180 days identifying all regulatory requirements and restrictions, with the Legislative Research Commission publishing a statewide regulatory baseline and tracking annual changes

Mandates that administrative regulations with "major economic impact" (combined implementation and compliance costs of at least $500,000 over any 2-year period) cannot take effect until the General Assembly enacts a law ratifying them

Shifts the Administrative Regulation Review Subcommittee's role to advisory and analytical functions, including conducting transparent economic impact analyses and reporting recommendations to the General Assembly, rather than having direct approval authority

Requires administrative bodies to notify applicants within 10 business days whether permit/license applications are complete and conduct comprehensive permit audits within 180 days identifying processing times and opportunities for consolidation or elimination