§ 2-1505.2. Economic impact analysis rating and economic impact analysis; regulations affecting...
West's Annotated Code of MarylandState GovernmentEffective: October 1, 2020
Effective: October 1, 2020
MD Code, State Government, § 2-1505.2
§ 2-1505.2. Economic impact analysis rating and economic impact analysis; regulations affecting small businesses
(b)(1) An economic impact analysis rating and an economic impact analysis, as appropriate, shall be prepared by the appropriate Executive Branch agency for each regulation that the agency proposes for adoption pursuant to Title 10, Subtitle 1 of this article.
(c)(1) If the appropriate Executive Branch agency or the Department of Legislative Services determines that a regulation will have minimal or no economic impact on small businesses, the agency or Department shall indicate that determination by a brief written statement.
(3)(i) If the appropriate Executive Branch agency or the Department determines that a regulation will have a meaningful economic impact on small businesses and is unable to provide a complete written economic impact analysis, the agency or Department shall provide a written explanation of why the agency determined that the regulation will have a meaningful economic impact.
(d) The economic impact analysis rating and the economic impact analysis required under this section shall include:
(2) a certification stating, after posting the regulation or scope of the regulation as required by § 10-110(d)(3)(vii) of this article, whether the agency has received notice of whether any existing regulation of a comparable nature that is at least as stringent as the proposed regulation has been adopted by a unit of a local government.
(e)(1) The Executive Branch agency or the Department of Legislative Services preparing the economic impact analysis rating and the economic impact analysis required under this section shall consult with, as appropriate:
(3) If the promulgating unit certifies, after posting the regulation or scope of the regulation as required by § 10-110(d)(3)(vii) of this article, that the unit has received notice of and determined that an existing regulation of a comparable nature that is at least as stringent as the proposed regulation has been adopted by any unit of local government, the unit may include in the unit's proposed regulation a statement that compliance with the local regulation will constitute compliance with the proposed regulation.
(f) The Department of Legislative Services shall:
(g) The Department of Legislative Services shall revise the economic impact analysis rating and economic impact analysis consistent with an amended version of a regulation.
(h)(1) The Department of Legislative Services shall keep a copy of each economic impact analysis rating and economic impact analysis for 3 years after preparation of the rating or the analysis.
(i) Economic impact analysis ratings and economic impact analyses shall be published in the Maryland Register at the same time as:
(j) The validity of an enactment of a regulation is not affected by the presence, absence, or content of an economic impact analysis rating or an economic impact analysis.
(k)(1) The Department of Budget and Management shall enter into an agreement with an appropriate entity to provide training to promulgating Executive Branch agencies on the preparation of the economic impact analyses required under this section.
Credits
Added by Acts 1996, c. 692, § 1, eff. July 1, 1996. Amended by Acts 1997, c. 635, § 2, eff. July 1, 1997; Acts 1997, c. 636, § 2, eff. July 1, 1997; Acts 2019, c. 212, § 1, eff. July 1, 2019; Acts 2020, c. 333, § 1, eff. Oct. 1, 2020.
MD Code, State Government, § 2-1505.2, MD STATE GOVT § 2-1505.2
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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