TO LIMIT NEW AGENCY REGULATORY REQUIREMENTS.
House committee substitute makes the following changes to 3rd edition.
Amends proposed GS 150B-19(7) to clarify that an agency may not adopt a rule that results in substantial estimated additional costs (was, additional costs) as defined in proposed GS 150B-2(8c) to those subject to the rule, unless adoption of the rule is required to respond to one of the specified exceptions.
Adds new subdivision (8c) to GS 150B-2 defining substantial estimated additional costs to mean an aggregate financial impact on all persons subject to a proposed rule of at least $500,000 in a 12-month period. Specifies factors to be used by an agency in analyzing substantial estimated additional costs. Sets the act to expire July 1, 2012 (was, January 1, 2013).
Makes conforming changes to the title to reflect the additional bill content.