A5734

Requires state agencies to file notice of intent for proposed rules with certain economic impacts.

Requires state agencies to file a notice of intent prior to initiating the formal rule-making process for major rules. A "major rule" is defined as any rule that can reasonably be estimated to have an initial or annual compliance cost in excess of $10 million or is reasonably likely to disrupt or significantly affect local government operations. This act supplements P.L.1968, c.410 (C.52:14B-1 et seq.).