Requires the Office of Legislative Analyst to produce fiscal notes on all fiscal bills.
This bill mandates the Office of Legislative Analyst to create fiscal notes for all fiscal bills. These notes must estimate the financial impact of the bill, including revenue and expenditure changes, and be delivered to relevant legislative committees and chairs. The notes should also include assumptions and long-range implications. The office must consider revenue sources, expenditure percentages, and legislative oversight roles. The bill amends existing statutes to establish these duties and appropriates funds for the office's operations.
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