First Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 11-0734.01 Troy Bratton         SENATE BILL 11-116
                   SENATE SPONSORSHIP
 Mitchell, 
 
                    HOUSE SPONSORSHIP
 Kerr A., 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Senate Committees
 House Committees
 
 
 State, Veterans & Military Affairs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning business fiscal impact statements.
       
       
                           Bill Summary
       
            (Note:  This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted.  If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            The bill requires the staff of the legislative council to designate a
       5-day period following the introduction of new legislation or the notice
       of proposed rule-making.  During the 5-day period, Colorado businesses
       may submit comments regarding the new legislation's or new rule's
       business fiscal impact.  Upon the expiration of the 5-day period, the staff
       of the legislative council is required to compile and summarize the
       comments and prepare a business fiscal impact statement.  For legislation,
       the statement will accompany the fiscal note.  For rules, the statement will
       be forwarded to the executive director of the principal department seeking
       to promulgate the rule and posted on the staff of the legislative council's
       official web site.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  Part 3 of article 2 of title 2, Colorado Revised
       Statutes, is amended BY THE ADDITION OF A NEW SECTION to
       read:
            2-2-322.5.  Business fiscal impact statement.  (1)  The staff of
       the legislative council shall prepare a business fiscal impact
       statement for each legislative measure introduced by a member
       of the general assembly and for each new rule proposed by a
       principal department of the executive branch of state
       government.
            (2) (a)  Upon the introduction of legislative measures, the
       staff of the legislative council shall designate a five-day period
       during which Colorado businesses may submit comments
       regarding the potential business fiscal impact of the legislative
       measure.  The five-day period shall commence no sooner than the
       second day after the introduction of the legislative measure
       and no later than the fourth day after the introduction of the
       legislative measure.
            (b)  Upon the expiration of the five-day period required by
       paragraph (a) of this subsection (2), the staff of the legislative
       council shall summarize and compile any comments received
       from Colorado businesses and shall prepare a business fiscal
       impact statement.  If no comments are received, the business
       fiscal impact statement shall state that no comments were
       received.  The business fiscal impact statement shall accompany
       the fiscal note required by section 2-2-322.
            (3) (a)  For new rules proposed by a principal department of
       the executive branch of state government, the executive
       director of a principal department that proposes a new rule, or
       the executive director's designee, shall notify the staff of the
       legislative council of any notice of proposed rule-making.  Upon
       the receipt of such notification, the staff of the legislative
       council shall designate a five-day period during which Colorado
       businesses may submit comments regarding the potential
       business fiscal impact that the new rule will have.  The five-day
       period shall commence no sooner than the second day after the
       receipt of notification and no later than the fourth day after
       the receipt of notification.
            (b)  Upon the expiration of the five-day period required by
       paragraph (a) of this subsection (3), the staff of the legislative
       council shall summarize and compile any comments received
       from Colorado businesses and shall prepare a business fiscal
       impact statement.  If no comments are received, the business
       fiscal impact statement shall state that no comments were
       received.  The business fiscal impact statement shall be
       forwarded to the executive director of the principal department
       and shall be posted on the official web site of the staff of the
       legislative council.
            SECTION 2.  Act subject to petition - effective date.  This act
       shall take effect at 12:01 a.m. on the day following the expiration of the
       ninety-day period after final adjournment of the general assembly (August
       10, 2011, if adjournment sine die is on May 11, 2011); except that, if a
       referendum petition is filed pursuant to section 1 (3) of article V of the
       state constitution against this act or an item, section, or part of this act
       within such period, then the act, item, section, or part shall not take effect
       unless approved by the people at the general election to be held in
       November 2012 and shall take effect on the date of the official
       declaration of the vote thereon by the governor.