action postponed indefinitely
Summary
The bill adds a duty for New Mexico’s Legislative Finance Committee to prepare fiscal impact reports for any proposed executive agency rule expected to cost the state or private industry $10 million or more per year. Legislative leaders – the House speaker, Senate president pro tempore, or either minority leader – can request such an analysis, and the committee must deliver a report covering the rule’s need, costs, and broader effects. The goal is to give lawmakers clearer financial information before major regulations are adopted.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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