Amends Tennessee administrative rule procedures to include fiscal impact statements and public notifications.

The bill amends Tennessee administrative rule procedures to require agencies to generate fiscal impact statements for new or amended rules with a negative fiscal effect. It mandates public notifications for rules with a fiscal impact exceeding certain thresholds. Emergency rules with a fiscal impact exceeding $1 million over a year or $5 million over a year must be approved by the General Assembly. The bill also requires agencies to compile annual reports on fiscal impact statements and mandates their publication by the Secretary of State.

Amends Tennessee administrative rule procedures to include fiscal impact statements and public notifications.

The bill amends Tennessee administrative rule procedures to require agencies to generate fiscal impact statements for new or amended rules with a negative fiscal effect. It mandates public notifications for rules with a fiscal impact exceeding certain thresholds. Emergency rules with a fiscal impact exceeding $1 million over a year or $5 million over a year must be approved by the General Assembly. The bill also requires agencies to compile annual reports on fiscal impact statements and mandates their publication by the Secretary of State.