Iowa Administrative Rules (Last Updated: December 07, 2016) |
Department 261. Economic Development Authority |
Chapter 196. DEPARTMENT PROCEDURE FOR RULE MAKING |
Section 261.196.7. Fiscal impact statement.
Latest version.
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A rule that mandates additional combined expenditures exceeding $100,000 by all affected political subdivisions or agencies and entities which contract with political subdivisions to provide services must be accompanied by a fiscal impact statement outlining the costs associated with the rule. A fiscal impact statement must satisfy the requirements of Iowa Code section 25B.6.
If the department determines at the time it adopts a rule that the fiscal impact statement upon which the rule is based contains errors, the department shall, at the same time, issue a corrected fiscal impact statement and publish the corrected fiscal impact statement in the Iowa Administrative Bulletin.