HF 1122

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/01/2023 12:50pm

A bill for an act
relating to state government; providing for business impact analysis of proposed
legislation; appropriating money; proposing coding for new law in Minnesota
Statutes, chapter 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [3.99] BUSINESS IMPACT NOTES.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the following terms have
the meanings given.
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new text begin (b) "Business" means a business entity that (1) has fewer than 100 total full-time and
part-time employees, and (2) is organized for profit or as a nonprofit, including an individual,
partnership, corporation, joint venture, association, or cooperative.
new text end

new text begin (c) "Business impact" means the financial and regulatory impact estimated under
subdivision 3.
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new text begin Subd. 2. new text end

new text begin Process. new text end

new text begin The Legislative Budget Office must prepare a business impact note
for any bill upon request of the chair or ranking minority member of a standing committee
or division to which the bill has been referred. Upon receiving a request, the office must
notify the bill's author or authors that the request has been made. The office may require
the head or chief administrative officer of another department or agency of state government
to supply in a timely manner any information necessary to complete the business impact
note. The office must provide a copy of a completed business impact note to the requester
and the bill's author or authors.
new text end

new text begin Subd. 3. new text end

new text begin Contents. new text end

new text begin (a) A business impact note must identify or estimate, as a result of
the bill:
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new text begin (1) the total financial impact for all impacted businesses, including any direct expenditures
or savings, revenue impacts, changes in labor cost or availability, or other financial impacts;
and
new text end

new text begin (2) the regulatory burden for businesses, including whether the bill establishes, increases,
reduces, or eliminates a requirement that a business:
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new text begin (i) provide information to any person or unit of government;
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new text begin (ii) maintain information for any period of time;
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new text begin (iii) pay a fee;
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new text begin (iv) complete or offer training;
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new text begin (v) pass a test or exam;
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new text begin (vi) secure a license, registration, or other form of authorization;
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new text begin (vii) submit to or pay for a background check;
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new text begin (viii) submit to periodic inspection or review; or
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new text begin (ix) obtain indemnification or insurance.
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new text begin (b) If the Legislative Budget Office identifies or estimates an impact under paragraph
(a), clause (2), the business impact note must indicate whether the bill increases or decreases
the regulatory burden for an impacted business and whether the estimated change in burden
is high, medium, or low.
new text end

new text begin (c) A business impact note must clearly indicate all assumptions and supporting data
used by the Legislative Budget Office to estimate the bill's business impact.
new text end

new text begin Subd. 4. new text end

new text begin Alternative methods. new text end

new text begin A business impact note may identify alternative methods
to achieve the bill's purpose if the Legislative Budget Office determines that an alternative
method (1) is less costly or burdensome for impacted businesses, or (2) would otherwise
minimize the negative financial impact or regulatory burden for impacted businesses.
new text end

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin $....... in fiscal year 2024 is appropriated from the general fund to the Legislative
Coordinating Commission for the Legislative Budget Office's duties under Minnesota
Statutes, section 3.99.
new text end