2005 Session

Budget Amendments - SB700 (Conference Report)

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DPB - Regulatory Impact on Small Business

Item 283 #2c

Item 283 #2c

First Year - FY2005 Second Year - FY2006
Planning and Budget, Department of FY2005 $0 FY2006 $75,549 GF
FY2005 0.00 FY2006 1.00 FTE

Page 250, line 30, strike "$7,376,983" and insert "$7,452,532".

(This amendment provides $75,549 and one position from the general fund in the second year to the Department of Planning and Budget for a staff economist. The additional position is necessary to address workload issues resulting from the implementation of House Bill 1948, which was adopted by the 2005 Session of the General Assembly. This legislation requires that the agency's analysis of proposed regulations consider how those regulations might impact small businesses. The legislation defines small businesses as those employing fewer than 500 employees or possessing gross annual sales of less than $6.0 million.)