Small Business Impact Statement Requirements

PURPOSE: This rule requires agencies to use the Small Business Impact Statement form provided by the Department of Economic Development when filing an impact statement with the Small Business Regulatory Fairness Board (board). Also, this rule establishes that the information required by section 536.300, RSMo, must be included in the small business impact statement in order for the board to accept and file the rulemaking and small business statement. In addition, this rule requires that both a hard copy and an electronic copy of the rulemaking be filed with the board. (1) Agencies filing proposed rulemaking with the Small Business Regulatory Fairness Board (board) shall submit with the rulemaking: (A) Rule Transmittal; (B) The proposed rulemaking language; (C) The public entity fiscal note; (D) The private entity fiscal note; and (E) A small business impact statement. (2) Agencies filing a small business impact statement shall use the form provided by the Department of Economic Development, included herein. (3) Small business impact statements must address each element required pursuant to section 536.300.2, RSMo, in order to be filed with Small Business Regulatory Fairness Board. (4) The agency shall both file a hard copy with the board and transmit or deliver an electronic copy to the board. Fairness Board Fairness Board AUTHORITY: sections 536.300 and 536.305.7, RSMo Supp. 2006*. Original rule filed Nov. 22, 2006, effective June 30, 2007. *Original authority: 536.300, RSMo 2004, amended 2005 and 536.305, RSMo 2004, amended 2005.