regulatory costs; rulemaking; legislative ratification

HB 2632 requires Arizona agencies to submit proposed rules likely to cost over $100,000 annually for review by the Office of Economic Opportunity. Rules estimated to cost more than $500,000 annually cannot take effect until the legislature approves them through a separate bill. The legislature can also eliminate rules costing over $1 million yearly via a simple resolution. Affected businesses or citizens can request cost assessments of rules impacting them.