AN ACT relating to administrative regulations. Create a new section of KRS Chapter 13A to delay the effective date of ordinary administrative regulations with a major economic impact until the effective date of legislation ratifying the administrative regulation; amend KRS 13A.010 to define "major economic impact" as an overall annual economic impact from an administrative regulation of $500,000 or more on state and local government and regulated entities as determined by the promulgating administrative body; amend KRS 13A.250 to require the fiscal note to include a cost analysis of the administrative regulation's effect on regulated entities and a determination by the promulgating administrative body as to the overall economic impact of the administrative regulation; amend KRS 13A.330 and 13A.331 to conform; specify short title of the Act as the Kentucky Regulations from the Executive in Need of Scrutiny (REINS) Act.