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ARKANSAS STATUTES AND CODES
§ 19-1-701 - Definition.
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 Bureau of Legislative Research and with the approval of the Department of Education.
(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 Bureau of Legislative Research and with the approval of the Department of Education.
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