State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-1 > Subchapter-7 > 19-1-701

19-1-701. Definition.

(a) As used in this subchapter, "fiscal impact statement" means a realistic statement of the purpose of a proposed law, or a regulation promulgated under a law, and the estimated financial cost to the state or any local school district of implementing or complying with the proposed law or regulation.

(b) A fiscal impact statement shall be developed with the guidance of the Bureau of Legislative Research and with the approval of the Department of Education.

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-1 > Subchapter-7 > 19-1-701

19-1-701. Definition.

(a) As used in this subchapter, "fiscal impact statement" means a realistic statement of the purpose of a proposed law, or a regulation promulgated under a law, and the estimated financial cost to the state or any local school district of implementing or complying with the proposed law or regulation.

(b) A fiscal impact statement shall be developed with the guidance of the Bureau of Legislative Research and with the approval of the Department of Education.