S.B. 55                                                          VETOES

(II)     IS NOT DOMINANT IN ITS FIELD; AND

(III)    EMPLOYS 50 OR FEWER FULL-TIME EMPLOYEES.

(B)      (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 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 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 1997 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.

(2) A COPY OF THE ECONOMIC IMPACT ANALYSIS RATING AND THE
ECONOMIC IMPACT ANALYSIS REQUIRED UNDER THIS SUBSECTION SHALL 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.

(D)     (1) IF THE APPROPRIATE EXECUTIVE BRANCH AGENCY OR THE
DEPARTMENT OF FISCAL SERVICES DETERMINES THAT A BILL WILL HAVE MINIMAL
OR NO ECONOMIC IMPACT ON SMALL BUSINESSES, THE AGENCY OR DEPARTMENT
OF FISCAL SERVICES SHALL INDICATE THAT DETERMINATION BY A BRIEF WRITTEN
STATEMENT.

(2) IF THE APPROPRIATE EXECUTIVE BRANCH AGENCY OR THE
DEPARTMENT OF FISCAL SERVICES DETERMINES THAT A BILL WILL HAVE A
MEANINGFUL ECONOMIC IMPACT ON SMALL BUSINESSES, THE AGENCY OR
DEPARTMENT OF FISCAL SERVICES SHALL DEVELOP A COMPLETE WRITTEN
ECONOMIC IMPACT ANALYSIS.

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