HARRY HUGHES, Governor

2229

(b)  (1) If a bill affects the funding of a State pension
system[,] AND the standing committee to which the bill is
referred DETERMINES THAT THE FISCAL IMPACT ON THE STATE WARRANTS
AN ACTUARIAL ANALYSIS OF THE BILL, THE STANDING COMMITTEE shall
ask the Department of Fiscal Services to obtain [an] THE
actuarial analysis [of the bill].

(2) The STANDING COMMITTEE MAY WAIVE THE actuarial
analysis [may be waived:

(i) for a bill pending in the Senate, by the
President;

(ii) for a bill pending in the House, by the
Speaker; or

(iii)] if the standing committee certifies that
prompt action on the bill is needed to conduct legislative
business[, by the standing committee].

(c)  (1) [Unless a fiscal note for a bill is waived, the]
THE Director of the Department of Fiscal Services shall have that
Department [or another unit of the State government] prepare
[the] A FISCAL note FOR EACH BILL.

(2)   [The Department of Fiscal Services shall prepare
a waiver of the fiscal note for a bill if] IF the chairman of the
[standing] committee to which [the] A bill is referred certifies
that prompt committee action on the bill is needed to conduct
legislative business AND, BEFORE THE DEPARTMENT PREPARES THE
FISCAL NOTE FOR THE BILL, HOLDS A HEARING ON THE BILL, THE
DEPARTMENT SHALL PREPARE THE NOTE AS SOON AFTER THE HEARING AS
POSSIBLE.

(3)  When a standing committee asks for an actuarial
analysis of a bill that affects a State pension system, the
Department of Fiscal Services shall:

(i) obtain the analysis; and

(ii) summarize the analysis in the fiscal note
or attach the analysis to the note.

(4) THE DEPARTMENT OF FISCAL SERVICES SHALL SEND A
COPY OF A FISCAL NOTE FOR A BILL TO THE COMMITTEE TO WHICH THE
BILL IS REFERRED AND TO THE PRIMARY SPONSOR OF THE BILL.

(D) UPON REQUEST OF THE DEPARTMENT OF FISCAL SERVICES, EACH
A UNIT OF THE STATE OR LOCAL GOVERNMENT OR A LOCAL GOVERNMENT
PROMPTLY SHALL PROVIDE ANY INFORMATION THAT THE DEPARTMENT OF
FISCAL SERVICES REQUESTS REQUESTED BY THE DEPARTMENT FOR
PREPARING A FISCAL NOTE AND OTHERWISE SHALL COOPERATE WITH THE
DEPARTMENT.