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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EXISTING RULE TO THE OFFICE OF THE EXECUTlVE DIRECTOR IN THE

DEPARTMENT OF REGULATORY AGENCIES. THE EXECUTIVE DIRECTOR, OR

HIS OR HER DESIGNEE, MAY DETERl0lNE IF THE PROPOSED RULE OR

AMENDMENT MAY HAVE A NEGATIVE IMPACT ON ECONOMIC

5 COMPETITIVENESS OR ON SMALL BUSINESS IN COLORADO. IF THE

6 EXECUTIVE DIRECTOR, OR HIS OR HER DESIGNEE, DETERMINES THAT THE

7 PROPOSED RULE OR AMENDMENT MAY \iA VE SUCH NEGATIVE IMPACT, HE

OR SHE MAY DIRECT THE SUBMI1jrlNG AGENCY TO PERFORM A

COST-BENEFIT ANALYSIS OFTHE RULE OR AMENDMENT. IF THE EXECUTIVE

DIRECTOR, ORHlS OR HER DESIGNEE, MAKES SUCH A REQUEST, IT SHALL BE

MADE AT LEAST TWENTY DAYS BEFORE !j'HE DATE OF THE HEARING ON THE

RULE OR AMENDMENT. THE AGENCY RECEIVING SUCH REQUEST SHALL

COMPLETE A COST-BENEFIT ANALYSIS AT LEAST FIVE DAYS BEFORE THE

HEARING ON THE RULE OR AMENDMENT, SHALL MAKE THE ANALYSIS

AVAILABLE TO THE PUBLIC, AND SHALL SUBMIT A COpy TO THE EXECUTIVE

DIRECTOR OR HIS OR HER DESIGNEE. FAILURE TO COMPLETE A REQUESTED

COST-BENEFIT ANALYSIS PURSUANT TO THIS SUBSECTION (2.5) SHALL

PRECLUDE THE ADOPTION OF SUCH' RULE OR AMENDMENT. SUCH

COST-BENEFIT ANALYSIS SHALL INCLUDE THE FOLLOWING:

(I) THE REASON FOR THE RULE OR AMENDMENT;

(II) THE ANTICIPATED ECON0MlC BENEFITS OF THE RULE OR

AMENDMENT, WHICH SHALL INCLUDE ECONOMIC GROWTH, THE CREATION

OF NEW JOBS, AND INCREASED ECONOMIC COMPETITIVENESS;

(III) THE ANTICIPATED COSTSOFTHE RULE OR AMENDMENT, WHICH

SHALL INCLUDE THE DIRECT COSTS TO THE GOVERNMENT TO ADMINISTER

THE RULE OR AMENDMENT AND THE 'DIRECT AND INDIRECT COSTS TO

BUSINESS AND OTHER ENTITIES REQUl~ED TO COMPLY WITH THE RULE OR

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SB03-121