2009 Rhode Island Code
Title 42 - State Affairs and Government
CHAPTER 42-35.1 - Small Business Regulatory Fairness in Administrative Procedures
§ 42-35.1-3 - Economic Impact statements.

SECTION 42-35.1-3

   § 42-35.1-3  Economic Impact statements. – (a) Prior to the adoption of any proposed regulation that may have an adverse impact on small businesses, excluding those businesses defined in subsection 42-35-3.3(d), each agency shall prepare, in congruence with the analysis required in section 42-35-3.3, an economic impact statements that includes the following:

   (1) An identification and estimate of the number of the small businesses subject to the proposed regulation;

   (2) The projected reporting, recordkeeping, and other administrative costs required for compliance with the proposed regulation, including the type of professional skills necessary for preparation of the report or record;

   (3) A statement of the probable effect on impacted small businesses;

   (4) A description of any less intrusive or less costly alternative methods of achieving the purpose of the proposed regulation.

   (b) The economic impact statement required herein shall be published in guide form as well as posted on the department of administration and the of economic development corporation websites. The guide should be published and/or posted on or around the same date as the regulation change and shall include a description of actions need by the small business to meet the requirement of the regulation.