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A rule by the State Racing Commission addressing the brutal use of whips in racing, emphasizing regulations and enforcement measures. Reviewed in 2011.
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The rule summary and fiscal is a document that provides a concise overview of a regulatory rule along with its financial implications. It summarizes the main points of the rule and outlines the expected fiscal impact on the economy and affected parties.
Typically, regulatory agencies and government bodies that implement new rules or amendments to existing rules are required to file a rule summary and fiscal. This includes state and federal agencies as part of the regulatory process.
To fill out a rule summary and fiscal, one must first provide an overview of the rule including its purpose, scope, and key provisions. Then, the fiscal section requires a detailed analysis of the economic impact, including cost estimates for implementation and any potential benefits or savings.
The purpose of a rule summary and fiscal is to ensure transparency in the regulatory process by informing stakeholders about the new rule and its financial implications. It aids stakeholders in understanding the impact of regulations on their operations and compliance costs.
The information that must be reported includes the title of the rule, a summary of its content, the regulatory authority under which it is issued, estimated fiscal impacts, and any affected parties or sectors.
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