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This document provides a fiscal note for House Bill 120, discussing its impact on the state and local political subdivisions regarding criminal and civil asset forfeiture provisions.
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How to fill out fiscal note local impact
How to fill out Fiscal Note & Local Impact Statement
01
Gather all relevant information about the proposed legislation or project.
02
Identify the financial implications, including costs and potential revenue.
03
Consult with financial experts or relevant departments for accurate estimates.
04
Outline the detailed fiscal impacts on the state budget or local government finances.
05
Complete the Fiscal Note form by entering all required information clearly and accurately.
06
Review the Local Impact Statement for necessary local government considerations.
07
Submit the completed Fiscal Note and Local Impact Statement to the appropriate legislative committee.
Who needs Fiscal Note & Local Impact Statement?
01
Legislators who are drafting or reviewing proposed bills.
02
Government agencies responsible for implementing or overseeing legislation.
03
Local governments that may be impacted by state legislation.
04
Stakeholders or organizations affected by the financial implications of proposed projects.
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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 the state budget, while a Local Impact Statement assesses the effects of legislation on local governments.
Who is required to file Fiscal Note & Local Impact Statement?
Typically, state agencies and legislative sponsors are required to file Fiscal Notes and Local Impact Statements for proposed legislation.
How to fill out Fiscal Note & Local Impact Statement?
To fill out a Fiscal Note and Local Impact Statement, one should provide relevant financial data, detail expected costs and savings, and explain the implications for state and local budgets.
What is the purpose of Fiscal Note & Local Impact Statement?
The purpose is to inform lawmakers, stakeholders, and the public about the financial implications of proposed legislation, ensuring informed decision-making.
What information must be reported on Fiscal Note & Local Impact Statement?
Information reported must include estimated costs, revenue impacts, funding sources, affected programs, and any anticipated long-term financial effects on both state and local levels.
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