NC H402

Permanent rules with aggregate financial costs of $20 million or more over five years require General Assembly ratification before taking effect; rules not approved are returned to the agency within 15 days of legislative adjournment

Rules costing $1 million or more over five years adopted by boards, commissions, or councils require a two-thirds vote of members present; rules costing $10 million or more require unanimous approval

Definition of "substantial economic impact" triggering fiscal note requirements changed from $1 million in a 12-month period to $1 million in a five-year period

Rules required by federal law or necessary to maintain compliance with federally delegated programs are exempt from these limitations

Became law on July 29, 2025 after the General Assembly overrode Governor Josh Stein's veto; applies to rules adopted on or after that date