Kentucky Revised Statutes Title III. Executive Branch § 13A.250.Consideration of costs to local and state government and to regulated entities; fiscal note

(2)(a) A two (2) part cost analysis shall be completed for each administrative regulation.

(b) The first part of the cost analysis shall include the projected cost or cost savings to the Commonwealth of Kentucky and each of its affected agencies, and the projected cost or cost savings to affected local governments, including cities, counties, fire departments, and school districts.

(c) The second part of the cost analysis shall include the projected cost or cost savings to the regulated entities affected by the administrative regulation.

(d) Agencies or entities affected by the administrative regulation may submit comments in accordance with KRS 13A.270(1) to the promulgating administrative body or to a legislative committee reviewing the administrative regulation.

(a) The number of the administrative regulation;

(b) The name, email address, and telephone number of the contact person of the administrative body identified pursuant to KRS 13A.220(6)(d), and, if applicable, the name, email address, and telephone number of an alternate person to be contacted with specific questions about the fiscal note;

(c) Each unit, part, or division of state or local government the administrative regulation will affect;

(d) Whether the administrative regulation was expressly authorized by an act of the General Assembly, and if so identification of the act;

(e) In detail, the aspect or service of state or local government to which the administrative regulation relates, including identification of the applicable state or federal statute or regulation that mandates the aspect or service or authorizes the action taken by the administrative regulation;

(f) The estimated effect of the administrative regulation on the expenditures and revenues of a state or local government agency or regulated entity for the first full year the administrative regulation will be in effect and any subsequent year the administrative regulation will be in effect. The administrative body shall provide a narrative to explain the fiscal impact of the administrative regulation and the methodology and resources it used to determine the fiscal impact; and

(a) Consider the cost of the amendment as established in subsection (2) of this section; and

(b) Prepare and submit a fiscal note as established in subsection (3) of this section.