Ch. 121

1995 LAWS OF MARYLAND

PROVIDE A COMPLETE WRITTEN ECONOMIC IMPACT ANALYSIS, THE AGENCY OR
DEPARTMENT OF FISCAL SERVICES SHALL PROVIDE A WRITTEN EXPLANATION OF
WHY THE AGENCY DETERMINED THAT THE BILL WILL HAVE A MEANINGFUL
ECONOMIC IMPACT.

(II) THE EXPLANATION MAY IDENTIFY THE IMPACT IN GENERAL
TERMS AND NEED NOT QUANTIFY THE SPECIFIC ECONOMIC IMPACT.

(E)     THE ECONOMIC IMPACT ANALYSIS RATING AND THE ECONOMIC IMPACT
ANALYSIS REQUIRED UNDER THIS SECTION SHALL INCLUDE ESTIMATES DIRECTLY
RELATING TO THE FOLLOWING FACTORS, AS APPROPRIATE:

(1)      COST OF PROVIDING GOODS AND SERVICES;

(2)      EFFECT ON THE WORK FORCE;

(3)      EFFECT ON THE COST OF HOUSING;

(4)      EFFICIENCY IN PRODUCTION AND MARKETING;

(5)      CAPITAL INVESTMENT, TAXATION, COMPETITION, AND ECONOMIC
DEVELOPMENT; AND

(6)      CONSUMER CHOICE.

(F)      (1) THE EXECUTIVE BRANCH AGENCY OR THE DEPARTMENT OF FISCAL
SERVICES PREPARING THE ECONOMIC IMPACT ANALYSIS RATING AND THE
ECONOMIC IMPACT ANALYSIS REQUIRED UNDER THIS SECTION SHALL CONSULT
WITH, AS APPROPRIATE:

(I)       OTHER UNITS OF STATE GOVERNMENT;

(II)     UNITS OF LOCAL GOVERNMENT; AND

(III)    BUSINESS, TRADE, CONSUMER, LABOR, AND OTHER GROUPS
IMPACTED BY OR HAVING AN INTEREST IN THE LEGISLATION.

(2) ON REQUEST OF THE DIRECTOR OF THE DEPARTMENT OF FISCAL
SERVICES, A UNIT OF THE STATE OR A LOCAL GOVERNMENT SHALL PROVIDE THE
DEPARTMENT OF FISCAL SERVICES WITH ASSISTANCE OR INFORMATION IN THE
PREPARATION OF AN ECONOMIC IMPACT ANALYSIS RATING AND ECONOMIC
IMPACT ANALYSIS.

(G)     (1) THE DEPARTMENT OF FISCAL SERVICES MAY INCLUDE AN
ECONOMIC IMPACT ANALYSIS RATING AND ECONOMIC IMPACT ANALYSIS
PREPARED BY THE DEPARTMENT OF FISCAL SERVICES OR BY THE APPROPRIATE
EXECUTIVE BRANCH AGENCY AS PART OF A FISCAL NOTE.

(2) THE DEPARTMENT OF FISCAL SERVICES MAY COMMENT ON THE
ECONOMIC IMPACT ANALYSIS RATING AND ECONOMIC IMPACT ANALYSIS
PREPARED BY THE APPROPRIATE EXECUTIVE BRANCH AGENCY.

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