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. , ,u. negative impact on economic competitiveness or on small business in Colorado. If the executive director, or his or her designee, determines that the proposed rule or amendment may have such negative impact, he or she may direct the submitting agcncy to perform a cost-benefit analysis ofthe rule or amendment lfthe executive director, or his or her designee, makes such a request, it shall be made at least twenty days before the 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of such rule or amendment Such cost-benefit analysis shall include the following: (f) (1) This subsection (2.5) is repealed, effective July I, ZOO6 2013. SECTION 2. 24-34-104 (37) (f), Colorado Revised Statutes, is amended to read: 24-34-104. General assembly review of regulatory agencies and functions for termination, continuation, or reestablishment. (37) The following agencies, functions, or both, shall terminate on July 1, 2006: (f) Th.:; l.:;quilc,aIWt5 and pIOadttlc,;, legalliiag th.:; pI.:;paratiOl, of a co,t-bwc,[;t analy;,i5 in aG"old"IICC, I'>ith 5G-.,tion 24-4-103 (2.5), SECTION 3. 24-34-104 (44), Colorado Revised Statutes, IS amended BY THE ADDITION OF A NEW PARAGRAPH to read: 24-34-104. General assembly review of regulatory agencies and functions for termination, continuation, or reestablishment, (44) The following agencies, functions, or both, shall terminate on July 1, 2013: (0) THE REQUIREMENTS AND PROCEDURES REGARDING THE PREPARATION OF A COST -BENEFIT ANALYSIS IN ACCORDANCE WITH SECTION 24-4-103 (2.5). SECTION 4. Safety clause. The general assembly hereby finds, PAGE 2-HOUSE BILL 06.1041