20A-7-214. Fiscal review -- Repeal, amendment, or resubmission.

219 words·~1 min read·/ut/title-20a/chapter-7/20a-7-214·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/7/2025

(1)No later than 60 calendar days after the date of an election in which the voters approve an initiative, the Office of the Legislative Fiscal Analyst shall:

(a)for each initiative approved by the voters, prepare a final fiscal impact statement, using current financial information and containing the information required by Subsection 20A-7-202.5(2) ; and

(b)deliver a copy of the final fiscal impact statement to:

(i)the president of the Senate;

(ii)the minority leader of the Senate;

(iii)the speaker of the House of Representatives;

(iv)the minority leader of the House of Representatives; and

(v)the first five sponsors listed on the initiative application.

(2)If the final fiscal impact statement exceeds the estimate in the initial fiscal impact statement by 25% or more, the Legislature shall review the final fiscal impact statement and may, in any legislative session following the election in which the voters approve the initiative:

(a)repeal the law established by passage of the initiative;

(b)amend the law established by passage of the initiative; or

(c)pass a joint or concurrent resolution informing the voters that they may file an initiative petition to repeal the law enacted by passage of the initiative.

Amended by Chapter 448 , 2025 General Session