2006 New Mexico Statutes - Section 14-4A-6 — Periodic review of rules.

14-4A-6. Periodic review of rules.

A.     By July 1, 2010, each agency shall have reviewed all of its rules that existed on the effective date of the Small Business Regulatory Relief Act to determine whether the rules should be continued without change or should be amended or repealed to minimize the economic impact of the rules on small businesses, subject to compliance with the stated objectives of the laws pursuant to which the rules were adopted.

B.     Rules adopted and promulgated after the effective date of the Small Business Regulatory Relief Act shall be reviewed every five years to ensure that they continue to minimize economic impacts on small businesses while implementing the state objectives of the laws pursuant to which the rules were adopted.

C.     In reviewing its rules to minimize economic impacts on small businesses, an agency shall consider the following factors:

(1)     continued need for the rule;

(2)     the nature of complaints or comments received from the public concerning the rule;

(3)     the complexity of the rule;

(4)     the extent to which the rule overlaps, duplicates or conflicts with other federal, state and local government rules; and

(5)     the length of time since the rule has been evaluated or the degree to which technology, economic conditions or other factors have changed in the topical area affected by the rule.