AN ACT relating to fiscal impact statements.

Amend KRS 6.350 to require an actuary performing an actuarial analysis to clearly note and describe a new assumption or method and the basis for selecting the assumption or method, including any documentation, studies, written opinions, calculations, or citations in support; require the actuary certify that the information provided in the analysis is accurate; amend KRS 6.948 to require the commissioner of the Department of Insurance to include in a fiscal impact statement any documentation, studies, written opinions, calculations, and citations in support of his or her findings and conclusions and include in the statement an estimate of any potential future cost savings, including an explanation why the bill would or would not provide future cost savings; require the commissioner to certify that the information provided in the fiscal impact statement is accurate; amend KRS 6.949 to require the commissioner of the Department of Corrections to include in a corrections impact statement any documentation, studies, written opinions, calculations, and citations in support of the department's findings and conclusions, an estimate of any potential future cost savings, if not already included in a statement, and certification by the commissioner that the information provided in the statement is accurate.