Florida Senate - 2010 SB 1178 By Senator Haridopolos 26-00080A-10 20101178__ 1 A bill to be entitled 2 An act relating to cost and benefit analysis of 3 legislation; creating s. 216.138, F.S.; authorizing 4 the President of the Senate or Speaker of the House of 5 Representatives to request special impact sessions of 6 the Revenue Estimating Conference to consider the 7 costs and benefits of proposed legislation; 8 establishing timeframes; requiring the Office of 9 Economic and Demographic Research and other principals 10 to develop protocols and procedures; establishing 11 minimum requirements; requiring submission of a 12 report; requiring utilization of protocols and 13 procedures until the approval is affirmatively 14 revoked; providing an effective date. 15 16 Be It Enacted by the Legislature of the State of Florida: 17 18 Section 1. Section 216.138, Florida Statutes, is created to 19 read: 20 216.138 Cost and benefit analysis of legislation.—The 21 President of the Senate or the Speaker of the House of 22 Representatives may request special impact sessions of the 23 Revenue Estimating Conference to consider both the costs and 24 benefits of proposed legislation. The request must be made at 25 least 90 days before the beginning of the subsequent legislative 26 session, and the information developed by the Revenue Estimating 27 Conference shall be completed no later than the start of the 28 legislative session for which it is requested. The information 29 used to develop the analyses shall be available to the public. 30 Section 2. The Office of Economic and Demographic Research, 31 acting in consultation with the principals of the Revenue 32 Estimating Conference, and after receiving public input, shall 33 by October 1, 2010, develop protocols and procedures for the 34 consistent estimation of costs and benefits of specific proposed 35 legislation. At a minimum, the protocols and procedures must 36 address appropriate economic techniques used in the analysis of 37 proposed legislation, the format for reporting results, and 38 proposed linkages to the appropriations and revenue forecasting 39 processes, including any statutory changes that would be needed. 40 The linkages must be consistent with the constitutional 41 requirement to have a balanced budget. The office shall submit a 42 report of its findings and recommendations to the President of 43 the Senate and Speaker of the House of Representatives by 44 October 1, 2010. Subject to approval by the President of the 45 Senate and Speaker of the House of Representatives following the 46 submission of the report, the protocols and procedures shall be 47 utilized for the analysis of specific proposed legislation by 48 the Revenue Estimating Conference as provided in s. 216.138, 49 Florida Statutes, unless and until such approval is subsequently 50 affirmatively revoked. 51 Section 3. This act shall take effect upon becoming a law.