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Pennsylvania Statutes Title 71 P.S. State Government § 232. Fiscal notes (Adm. Code § 612)

Current as of January 01, 2025 | Updated by Findlaw Staff

The Office of the Budget shall prepare a fiscal note for regulatory actions and administrative procedures of the administrative departments, boards, commissions, or authorities, receiving money from the State Treasury. The fiscal note shall state whether the proposed action or procedure causes a loss of revenue or an increase in the cost of programs to the Commonwealth or its political subdivisions. Any such regulatory action or administrative procedure which requires a fiscal note shall be published in the Pennsylvania Bulletin. The fiscal note shall be published in the Pennsylvania Bulletin at the same time the proposed change is advertised. The fiscal note shall provide the following information:

(1) The designation of the fund out of which the appropriation providing for expenditures under the action or procedure shall be made.

(2) The probable cost for the fiscal year the program is implemented.

(3) A projected cost estimate of the program for each of the five succeeding fiscal years.

(4) The fiscal history of the program for which expenditures are to be made.

(5) The probable loss of revenue for the fiscal year of its implementation.

(6) A projected loss of revenue from the program for each of the five succeeding fiscal years.

(7) The line item, if any, of the General Appropriation Act or other appropriation act out of which expenditures or losses of Commonwealth funds shall occur as a result of the action or procedures.

(8) The recommendation, if any, of the Secretary of the Budget and the reasons therefor.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 71 P.S. State Government § 232. Fiscal notes (Adm. Code § 612) - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-71-ps-state-government/pa-st-sect-71-232/

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