2015 Arkansas Code
Title 19 - Public Finance
Chapter 1 - General Provisions
Subchapter 7 - Fiscal Impact Statements
§ 19-1-701 - Definition.
(a) As used in this subchapter, "fiscal impact statement" means a realistic statement of the purpose of a proposed law, or a regulation promulgated under a law, and the estimated financial cost to the state or any local school district of implementing or complying with the proposed law or regulation.
(b) A fiscal impact statement shall be developed with the guidance of the Office of Economic and Tax Policy of the Bureau of Legislative Research and with the approval of the Department of Education.
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