Sponsored by:
Assemblywoman AURA K. DUNN
District 25 (Morris and Passaic)
Co-Sponsored by:
Assemblywoman Fantasia and Assemblyman Webber
SYNOPSIS
Requires fiscal notes for all bills that establish new programs or expand existing programs.
CURRENT VERSION OF TEXT
As introduced.
An Act requiring fiscal notes for certain bills, and amending P.L.1980, c.67.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 1 of P.L.1980, c.67 (C.52:13B-6) is amended to read as follows:
1. Whenever any bill is introduced in either the Senate or General Assembly, and that bill receives first reading pursuant to the rules of the House in which it is introduced, the bill shall be immediately reviewed by the Legislative Budget and Finance Officer in the Office of Legislative Services. If, upon that review, the Legislative Budget and Finance Officer determines that the bill may increase or decrease expenditures or increase or decrease revenues of the State or any political subdivision thereof, including, but not limited to, the creation of a new program or the expansion of any existing program, the costs of which program shall be borne by the State or any political subdivision thereof, the Officer shall immediately forward a request for a fiscal note to the Director of the Division of Budget and Accounting in the Department of the Treasury.
(cf: P.L.2007, c.151, s.1)
2. This act shall take effect immediately.
STATEMENT
This bill amends current law to require the preparation of a fiscal note for any bill that establishes a new program or expands any existing program, provided that the costs of the program are borne by the State or any political subdivision thereof.
Current law requires a fiscal note to be prepared for all bills that may increase or decrease the expenditures or revenues of the State. The bill expands the scope of this requirement to specifically include all bills that create a new program or expand existing programs.