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This document presents a fiscal note and local impact statement regarding the proposed changes to Ohio's consumer finance lending laws under House Bill 545, including state and local fiscal highlights,
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How to fill out fiscal note local impact
How to fill out Fiscal Note & Local Impact Statement
01
Gather necessary information about the bill or legislation.
02
Identify the fiscal impacts by evaluating costs, revenues, and potential savings.
03
Collect data from relevant departments or stakeholders to support your estimates.
04
Complete the Fiscal Note by detailing the financial implications including projected expenditures and revenues.
05
Fill out the Local Impact Statement if applicable, addressing local government impacts.
06
Review your entries for accuracy and coherence.
07
Submit the completed Fiscal Note and Local Impact Statement to the appropriate legislative body.
Who needs Fiscal Note & Local Impact Statement?
01
State legislators who require financial assessments to understand the implications of proposed legislation.
02
Government agencies responsible for budget planning and resource allocation.
03
Local governments that need to assess the impact of state legislation on their budgets.
04
Stakeholders and interest groups seeking to understand the financial implications of legislation.
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What is Fiscal Note & Local Impact Statement?
A Fiscal Note is a document that estimates the financial impact of proposed legislation on state and local governments. A Local Impact Statement specifically addresses how local governments will be affected financially.
Who is required to file Fiscal Note & Local Impact Statement?
Typically, the authors of proposed legislation are required to file a Fiscal Note and Local Impact Statement, often in conjunction with legislative committees or state agencies that assess the potential financial implications.
How to fill out Fiscal Note & Local Impact Statement?
To fill out a Fiscal Note and Local Impact Statement, individuals must provide detailed information about the proposed legislation, including cost estimates, revenue changes, and potential impacts on local services and budgets.
What is the purpose of Fiscal Note & Local Impact Statement?
The purpose of a Fiscal Note and Local Impact Statement is to inform lawmakers and stakeholders about the financial implications of legislation, enabling informed decision-making and transparency regarding budgetary impacts.
What information must be reported on Fiscal Note & Local Impact Statement?
Information that must be reported includes estimated costs, revenue changes, direct and indirect financial impacts on local governments, and potential economic effects resulting from the legislation.
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