West Virginia SB163 requires economic impact statements for certain legislative rules with significant economic effects.

West Virginia SB163 amends the state's administrative rule-making process by requiring agencies to include economic impact statements for certain legislative rules. These statements must analyze potential costs to the public, including regulatory or transactional costs, business productivity, job creation, investment, and economic growth. The requirement applies to rules expected to have an economic impact of more than $200,000 in any one year or $1 million over five years.

West Virginia SB163 requires economic impact statements for certain legislative rules with significant economic effects.

West Virginia SB163 amends the state's administrative rule-making process by requiring agencies to include economic impact statements for certain legislative rules. These statements must analyze potential costs to the public, including regulatory or transactional costs, business productivity, job creation, investment, and economic growth. The requirement applies to rules expected to have an economic impact of more than $200,000 in any one year or $1 million over five years.