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Title of Rule:Revision to the Medical Assistance Rule concerning Child Health Plan Plus program rule updates, Sections 110,140, 310 and 320 Rule Number: CHP 200429B Division / Contact / Phone: Office
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A statement of basis and purpose is a document that provides the rationale and justification for regulations, decisions, or rules set forth by a regulatory agency.
Individuals or entities involved in regulatory processes or compliance activities are typically required to file a statement of basis and, as determined by the specific regulatory agency.
To fill out a statement of basis and, one must provide clear, concise information regarding the purpose of the filing, relevant regulations, data supporting the decision, and any other required documentation as specified by the regulatory agency.
The purpose of a statement of basis and is to articulate the rationale behind regulatory decisions, ensuring transparency and providing stakeholders with a clear understanding of the reasons for the regulations in place.
Information that must be reported includes the legal authority for the filing, a summary of supporting data, any relevant statistical or factual information, and the anticipated impact of the regulations.
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