HOUSE CONSUMER AND PUBLIC AFFAIRS COMMITTEE SUBSTITUTE FOR

HOUSE BILL 1197

48th legislature - STATE OF NEW MEXICO - first session, 2007

AN ACT

RELATING TO BUSINESS; GRANTING SMALL BUSINESS REGULATORY RELIEF; REQUIRING NOTICE FOR PROPOSED RULE CHANGES THAT MAY HAVE AN ADVERSE EFFECT ON SMALL BUSINESS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. Section 14-4A-4 NMSA 1978 (being Laws 2005, Chapter 244, Section 4) is amended to read:

     "14-4A-4. RULES AFFECTING SMALL BUSINESS.--

          A. Prior to the adoption of a proposed rule that may have an adverse effect on small business, an agency shall provide a copy of the proposed rule to the commission at [the same time as persons who have requested advance notice of rulemaking] least sixty days prior to the scheduled adoption, except for emergency rules.

          B. Prior to the adoption of a proposed rule that the agency deems to have an adverse effect on small business, the agency shall consider regulatory methods that accomplish the objectives of the applicable law while minimizing the adverse effects on small business.

          C. Notification of public hearings regarding a proposed rule change that may have an adverse effect on small business shall be given directly to the commission at the same time as public notice is given.

          D. All rules shall be submitted electronically."

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