§ 6-11-132 - Financial impact statements for administrative rules.
6-11-132. Financial impact statements for administrative rules.
(a) (1) Except as provided in subsection (b) of this section, for each rule promulgated by the State Board of Education or the State Board of Workforce Education and Career Opportunities under the Arkansas Administrative Procedure Act, 25-15-201 et seq., the board promulgating the rule shall file a financial impact statement with the Bureau of Legislative Research. (2) The scope of the financial impact statement shall be determined by the board promulgating the rule but shall include, at a minimum, a public school district's estimated cost to comply with and implement the rule.
(3) This subsection applies to an emergency rule for permanent adoption.
(b) For each emergency rule not for permanent adoption, if the State Board of Education or the State Board of Workforce Education and Career Opportunities has reason to believe that the development of a financial impact statement for the emergency rule promulgated by it will be so speculative as to be cost prohibitive, the board promulgating the rule shall submit to the bureau a statement and explanation to that effect.
(c) Neither the State Board of Education nor the State Board of Workforce Education and Career Opportunities shall promulgate a rule with respect to which it has not complied with this section.