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HOUSE BILL 140 K2(3lr0651)ENROLLED BILL Economic Matters/Finance Introduced by Delegates Malkovich Carr and Charkoudian Read and Examined by Proofreaders: ___ Proofreader. ___ Proofreader. Sealed
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Begin by analyzing the proposed legislation to understand its potential impact on the budget and policy objectives.
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Gather necessary financial data and information related to the proposed legislation.
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Prepare a detailed analysis of the fiscal impact of the proposed legislation, outlining the projected costs and revenues.
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Evaluate the policy implications of the proposed legislation, considering its potential effects on stakeholders and the broader community.
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Clearly present the findings and analysis in a comprehensive fiscal and policy note for review and consideration.

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A fiscal and policy note is a document that outlines the financial implications and policy considerations of proposed legislation, helping lawmakers understand the economic impact of their decisions.
Typically, the authors of proposed legislation, such as legislators or their staff, are required to file a fiscal and policy note to ensure the accompanying financial and policy implications are adequately analyzed.
To fill out a fiscal and policy note, one must complete sections that detail the purpose of the bill, estimated financial costs and savings, potential funding sources, and any relevant policy analysis.
The purpose of a fiscal and policy note is to provide legislators with an assessment of the financial ramifications and policy implications of proposed legislation, aiding in informed decision-making.
Information that must be reported includes projected costs, funding sources, potential savings, and any significant policy changes or impacts related to the legislation.
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