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This document provides a summary and fiscal analysis related to the rescission of Rule 1301:8-5-01 from the Division of Financial Institutions under the Department of Commerce. It outlines the rule\'s compliance with legislative requirements, the reason for its rescission, and its impact on the agency\'s budget and affected persons.
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Identify the relevant regulatory framework that applies to your situation.
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Gather all necessary financial documentation and data that will be included in the summary.
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Outline the key points of the rule you are summarizing, focusing on the main objectives and requirements.
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Fill out the rule summary by clearly stating the purpose, scope, and applicability of the rule.
05
In the fiscal section, provide a detailed account of the financial implications, including costs and benefits.
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Rule summary and fiscal refers to a document that summarizes the financial implications of proposed rules or regulations, providing stakeholders with information on the economic effects and budgetary considerations.
Entities or individuals involved in the formulation of new rules or regulations are required to file a rule summary and fiscal, which typically includes government agencies or organizations proposing changes.
To fill out a rule summary and fiscal, provide a clear description of the proposed rule, an analysis of its financial impact, and any relevant data that supports the economic evaluation, ensuring completion of all required sections.
The purpose of rule summary and fiscal is to inform the public and decision-makers about the economic effects of proposed regulations, thereby promoting transparency and informed decision-making.
The information that must be reported includes a summary of the proposed rule, an analysis of the anticipated costs and benefits, impact on stakeholders, and any alternatives considered.
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