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This document analyzes the fiscal impacts of proposed legislation (HB 1334) concerning data sharing and reporting requirements for employers and employees in North Dakota, including associated costs
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How to fill out FISCAL NOTE

01
Gather all relevant financial data pertaining to the project or legislation.
02
Identify the potential revenue sources and expenditures involved.
03
Analyze the impact on the budget over the specified timeframe.
04
Consult with financial experts to validate the calculations.
05
Complete the standardized form, ensuring all sections are filled accurately.
06
Review the completed FISCAL NOTE for any errors or omissions before submission.

Who needs FISCAL NOTE?

01
Government agencies involved in budget appropriations.
02
Legislators who are evaluating the financial implications of proposed laws.
03
Financial analysts assessing the economic impact of legislative changes.
04
Stakeholders interested in understanding the financial status of public projects.
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A fiscal note is a written estimate of the costs, savings, revenue gain, or revenue loss that may result from implementation of a bill or joint resolution. It serves as a tool to help legislators better understand how a bill might impact the state budget, individual agencies, and in some instances, local governments.
A fiscal note is a written estimate of the costs, savings, revenue gain, or revenue loss that may result from implementation of a bill or joint resolution. It serves as a tool to help legislators better understand how a bill might impact the state budget, individual agencies, and in some instances, local governments.
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A fiscal note is an official assessment of the financial impact that proposed legislation would have on government revenue and expenditures.
Typically, legislative sponsors or proponents of a bill are required to file a fiscal note to assess its budgeting implications.
To fill out a fiscal note, one needs to provide details such as the anticipated costs and savings associated with the legislation, as well as any potential revenue changes.
The purpose of a fiscal note is to inform lawmakers and stakeholders about the financial implications of proposed legislation to aid in informed decision-making.
Information that must be reported on a fiscal note includes estimated costs, projected revenues, budgetary impact, and any long-term financial effects.
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