WILLIAM DONALD SCHAEFER, Governor                           S.B. 415

(III) MEETS THE CRITERIA ESTABLISHED IN REGULATIONS
ADOPTED BY THE DEPARTMENT OF ECONOMIC AND EMPLOYMENT DEVELOPMENT

1. EMPLOYS FEWER THAN 500 FULL TIME EMPLOYEES; OR

2. HAS GROSS ANNUAL SALES OF LESS THAN $50,000,000.
EMPLOYS 50 OR FEWER FULL-TIME EMPLOYEES.

(B)      (1) BEGINNING WITH THE 1995 REGULAR SESSION OF THE GENERAL
ASSEMBLY, AN ECONOMIC IMPACT ANALYSIS RATING AND AN ECONOMIC IMPACT
ANALYSIS, AS APPROPRIATE, SHALL BE PREPARED BY THE APPROPRIATE
EXECUTIVE BRANCH AGENCY FOR EACH BILL THAT IS INTRODUCED AT THE
REQUEST OF THE ADMINISTRATION OR A DEPARTMENT, AGENCY, OR COMMISSION
OF THE EXECUTIVE BRANCH OF STATE GOVERNMENT.

(2) A COPY OF THE ECONOMIC IMPACT ANALYSIS RATING AND THE
ECONOMIC IMPACT ANALYSIS REQUIRED UNDER THIS SUBSECTION SHALL BE
SUBMITTED BY THE GOVERNOR'S OFFICE:

(I)       TO THE GENERAL ASSEMBLY WHEN THE BILL IS INTRODUCED
DEPARTMENT OF FISCAL SERVICES WITHIN A REASONABLE TIME FRAME PRIOR TO
THE HEARING ON THE BILL TO ALLOW THE DEPARTMENT OF FISCAL SERVICES TO
COMMENT ON THE ECONOMIC IMPACT ANALYSIS RATING AND THE ECONOMIC
IMPACT ANALYSIS; AND

(II)     TO THE COMMITTEE TO WHICH THE BILL IS REFERRED PRIOR
TO THE HEARING ON THE BILL.

(C)      (1) BEGINNING WITH THE 1996 REGULAR SESSION OF THE GENERAL
ASSEMBLY, AN ECONOMIC IMPACT ANALYSIS RATING AND AN ECONOMIC IMPACT
ANALYSIS, AS APPROPRIATE, SHALL BE PREPARED BY THE DEPARTMENT OF FISCAL
SERVICES FOR EACH BILL THAT IS INTRODUCED BY A MEMBER OF THE GENERAL
ASSEMBLY BY:

(I) THE DEPARTMENT OF FISCAL SERVICES FOR A BILL THAT WILL
BE ASSIGNED TO A FISCAL COMMITTEE; OR

(II) THE DEPARTMENT OF LEGISLATIVE REFERENCE FOR A BILL
THAT WILL BE ASSIGNED TO A SUBSTANTIVE ISSUE COMMITTEE.

(2) THE LEGISLATIVE AGENCY THAT PREPARED A COPY OF THE
ECONOMIC IMPACT ANALYSIS RATING AND THE ECONOMIC IMPACT ANALYSIS
REQUIRED UNDER THIS SUBSECTION SHALL SUBMIT A COPY OF THE RATING AND
ANALYSIS BE SUBMITTED BY THE DEPARTMENT OF FISCAL SERVICES:

(I)       TO THE PRIMARY SPONSOR OF THE BILL; AND

(II)     TO THE COMMITTEE TO WHICH THE BILL IS REFERRED PRIOR
TO THE HEARING ON THE BILL.

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