2230                                             LAWS OF MARYLAND                                         Ch. 311

[(d)] (E) (1) A fiscal note for a bill shall contain an
estimate of the fiscal impact of the bill [during the following
fiscal years] ON THE REVENUES AND EXPENDITURES OF THE STATE
GOVERNMENT AND OF LOCAL GOVERNMENTS:

[(i) for a bill that affects the revenues but
not the expenditures of the State government, the year in which
the bill is to become effective and the next 2 years after that
year;

(ii) for a bill that affects the expenditures
of the State government,] (I) DURING the year in which the bill
is to become effective and the next 4 years after that year; and

[(iii)] (II) if the full fiscal impact of a
bill is not expected to occur during those years, DURING each
year until and the FIRST year during which that impact is
expected to occur.

[(2) If a unit of the State government other than the
Department of Fiscal Services prepares the fiscal note, the note
shall:

(i) indicate the unit clearly; and

(ii) if the Department does not disagree with
the estimate of fiscal impact, be signed by the Director of the
Department of Fiscal Services or a designee.]

(2) THE NOTE SHALL IDENTIFY THE SOURCES OF THE
INFORMATION THAT THE DEPARTMENT USED IN PREPARING THE ESTIMATES
OF FISCAL IMPACT.

[(e)] (F) [(1)] As soon as possible after the adoption of
an amendment that changes the fiscal impact of a bill, the
Department of Fiscal Services shall:

[(i)] (1) prepare [or obtain] a revised fiscal
note for the bill; and

[(ii)] (2) send the revised note:

(I)  to the CHAIRMAN OF THE committee to which
the bill is referred IN THE HOUSE OF ORIGIN;

(II)   IF THE BILL IS IN HAS REACHED THE OPPOSITE
HOUSE, TO THE CHAIRMAN OF THE COMMITTEE TO WHICH THE BILL IS
REFERRED IN THAT HOUSE; or[,]

(III)   if in their THE BILL IS IN THE custody ,
OF EITHER the Secretary of the Senate or the Chief Clerk of the
House, TO THAT OFFICER . ; AND

(3) SEND A COPY OF THE REVISED FISCAL NOTE