Bill > S2119

This bill aims to promote fiscal responsibility in the state government. It requires any state agency that approves a grant exceeding $500,000 to submit a detailed cost-benefit analysis to the joint committee on state administration and regulatory oversight within 30 days of authorizing the grant. The analysis must include the grantee selection process, the number of applications, expected job creation or maintenance, and an account of all grants received by the grantee during the current fiscal year. Additionally, the bill mandates that the Executive Office of Administration and Finance provide a fiscal impact statement on any new legislation within one year of its implementation, to be posted on their website and submitted to the House and Senate clerks.

Government Affairs

https://malegislature.gov/Bills/192/S2119