LEG00043

• Bill Number: SB03-121
• Year: 2003
• Title: Cost-Benefit Analysis for New Rules
• Legislation - Doc Type: Other CWCB Related Bills - Passed

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restrictions on employment. THE GENERAL ASSEMBLY FURTHER FINDS

THAT AGENCY RULES CAN NEGATIVELY IMPACT THE STATE'S BUSINESS

CLIMATE BY IMPEDING THE ABILITY OF LOCAL BUSINESSES TO COMPETE

WITH OUT-OF-STATE BUSINESSES, BY DISCOURAGING NEW OR EXISTING

BUSINESSES FROM MOVING TO THIS STATE, AND BY HINDERING ECONOMIC

COMPETITIVENESS AND JOB CREATION. Accordingly, it is the continuing

responsibility of agencies to analyze the economic impact of agency

actions and reevaluate the economic impact of continuing agency actions

to determine whether the actions promote the public interest.

SECTION 2. 24-4-102, Colorado Revised Statutes, is amended

BY THE ADDITION OF THE FOLLOWING NEW SUBSECTIONS to

read:

24-4-102. Definitions. As used in this article, unless the context
otherwise requires:
(5.5) "ECONOMIC COMPETITIVENESS" MEANS THE ABILITY OF THE
STATE OF COLORADO TO ATTRACT NEW BUSINESS AND THE ABILITY OFTHE
BUSINESSES LOCATED WITHIN COLORADO TO COMPETE WITH
OUT -OF-STATE BUSINESSES, CREATE NEW JOBS, AND RAISE PRODUCTIVITY.
(18) "SMALL BUSINESS" MEANS A BUSINESS WITH FEWER THAN FIVE
HUNDRED EMPLOYEES.
SECTION 3. 24-4-103 (II) (b), Colorado Revised Statutes, is
amended, and the said 24-4-1 03 is further amended BY THE ADDITION
OF A NEW SUBSECTION, to read:
24-4-103. Rule-making - procedure. (2.5) (a) AT THE TIME OF
FILING A NOTICE OF PROPOSED RULE-MAKING WITH THE SECRETARY OF
STATE AS THE SECRETARY MAY REQUIRE, AN AGENCY SHALL SUBMIT A
DRAFT OF THE PROPOSED RULE OR THE PROPOSED AMENDMENT TO AN

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SB03-121