20A-7-513. Fiscal review -- Repeal, amendment, or resubmission.

203 words·~1 min read·/ut/title-20a/chapter-7/20a-7-513

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 budget officer 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-7-502.5(2) , except for the information required by Subsection 20A-7-502.5(2)(a)(vii) ; and

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

(i)the local legislative body of the jurisdiction where the initiative was circulated;

(ii)the local clerk; and

(iii)the first three sponsors listed on the initiative application.

(2)If the final fiscal impact statement exceeds the estimate in the initial fiscal impact and legal statement by 25% or more, the local legislative body shall review the final fiscal impact statement and may, by a majority vote:

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

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

(c)pass a 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