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SENATE BILL 125 N14lr0425 CF HE 486(PREFIXED) By: Senators Lewis Young and Golden Requested: August 2, 2023, Introduced and read first time: January 10, 2024, Assigned to: Judicial Proceedings Committee
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A fiscal and policy note is a document that outlines the financial implications and policy considerations of proposed legislation or regulations.
Typically, legislators and agencies that propose new policies or budgetary changes are required to file a fiscal and policy note.
To fill out a fiscal and policy note, one must provide detailed information about the proposed legislation, including its financial impact, implementation costs, and any anticipated fiscal risks.
The purpose of a fiscal and policy note is to inform lawmakers and stakeholders about the financial and policy consequences of proposed legislation, aiding in informed decision-making.
The fiscal and policy note must report on proposed costs, revenue projections, potential savings, fiscal impact on state budgets, and any relevant policy considerations.
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