SPIRO T. AGNEW, Governor                          119

Fiscal Notes
62.

A bill or a joint resolution shall not be voted upon by a standing
committee in either House of the General Assembly unless it is accom-
panied by a fiscal note or a waiver of a fiscal note prepared by the
Department of Fiscal Services or by an agency or department of the
State government designated by the Department of Fiscal Services.
The fiscal note shall be required for all bills or joint resolutions that
have an effect upon the revenues or the expenditures of State govern-
ment.

63.

A fiscal note shall contain an estimate of the fiscal impact of a bill
or a joint resolution for the fiscal year in which it would become
effective if enacted and for the next four succeeding fiscal years, in
the case of a bill or joint resolution which concerns expenditures of
the State Government and for the next two succeeding fiscal years in
the case of a bill or joint resolution which concerns revenues (and
not expenditures) of the State government. If the fiscal impact of
the bill or joint resolution is not expected totally to be evident within
the applicable period, the estimate shall be projected beyond that
period to include an estimate for the first fiscal year in which it is
expected fully to be effective.

64.

The Director of the Department of Fiscal Services shall have the
fiscal note prepared by the Department of Fiscal Services or by other
departments or agencies of the State government. A waiver of the
fiscal note shall be prepared by the Department of Fiscal Services for
any bill that does not have an effect upon the revenues or expendi-
tures of State government. If the fiscal note is not prepared by the
Department of Fiscal Services the department or agency of State
government preparing the fiscal note shall be clearly indicated on
the fiscal note along with the signature of the Director of the Depart-
ment of Fiscal Services or his authorized representative indicating
that the Department of Fiscal Services does not disagree with the
fiscal impact estimated thereon.

65.

A fiscal note or waiver of fiscal note shall be prepared and returned
to the appropriate committee within fourteen days of receipt of the
bill or joint resolution by the Department of Fiscal Services or three
days prior to any hearing date fixed by the committee responsible
for the bill, whichever is later.

66.

The fiscal note or a waiver of fiscal note shall be attached to the
bill or joint resolution by the chairman of the committee at least one
day prior to the committee hearing and shall be available for inspec-
tion prior to the hearing by any member of the General Assembly
and by the public. If the fiscal note or a waiver of a fiscal note is not
attached to the bill or joint resolution, the bill or joint resolution
shall be dropped from the hearing schedule by the chairman of the