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This document provides a fiscal analysis and local impact statement regarding the proposed legislation Sub. H.B. 545, which revises Ohio's consumer finance lending laws, particularly concerning payday
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How to fill out Fiscal Note & Local Impact Statement
01
Gather relevant information about the proposed legislation or project.
02
Identify the financial impacts associated with the proposal, including costs and potential revenue.
03
Consult with financial experts or relevant departments for accurate data.
04
Complete the Fiscal Note section by detailing the financial implications for state and local governments.
05
Fill out the Local Impact Statement, focusing on how the proposal affects local communities.
06
Review the completed documents for accuracy and compliance with required formats.
07
Submit the Fiscal Note and Local Impact Statement to the appropriate authorities.
Who needs Fiscal Note & Local Impact Statement?
01
Lawmakers and policymakers who require budgetary insights.
02
Government agencies responsible for financial oversight.
03
Local government officials who need to understand the impacts on their communities.
04
Stakeholders and advocacy groups involved in the proposed legislation.
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What is Fiscal Note & Local Impact Statement?
A Fiscal Note is a document that provides an estimate of the financial impact of proposed legislation on state or local government budgets. A Local Impact Statement specifically addresses the consequences of legislation on local entities.
Who is required to file Fiscal Note & Local Impact Statement?
Typically, the sponsors of a bill or legislative proposals are required to file a Fiscal Note and Local Impact Statement, along with relevant governmental agencies or departments.
How to fill out Fiscal Note & Local Impact Statement?
To fill out a Fiscal Note and Local Impact Statement, one must provide detailed financial projections, identify affected departments, estimate costs and savings, and include relevant statistical data to support projections.
What is the purpose of Fiscal Note & Local Impact Statement?
The purpose of Fiscal Note and Local Impact Statement is to inform lawmakers about the financial implications of proposed legislation, enabling informed decision-making that considers the economic consequences on various governmental levels.
What information must be reported on Fiscal Note & Local Impact Statement?
Required information typically includes projected costs and revenues, analysis of impacts on local or state government operations, sources of funding, and any potential indirect economic effects.
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