NE LB1049

Legislative Fiscal Analyst must prepare economic impact reports for any bill that would require regulatory action (adoption, amendment, or withdrawal of rules) by a state agency upon becoming law

Economic impact reports must include a cost-benefit analysis covering: direct benefits, cost savings to society, number of affected businesses, compliance costs, impact on private property values, effect on state expenditures, and indirect costs

State agencies are required to cooperate with the Legislative Fiscal Analyst by providing relevant information for the economic impact reports

Secretary of State must submit an annual report to the Clerk of the Legislature listing the total number of new and amended rules and regulations adopted that year, indexed by agency

Amends section 84-906.03 of the Reissue Revised Statutes of Nebraska