Fiscal Note for All Bills Considered.

This bill requires the North Carolina General Assembly to attach a fiscal note to every piece of legislation before it is considered, ensuring lawmakers understand the financial impact of their proposals. The Fiscal Research Division must prepare these notes to estimate costs for the first five years, with specific requirements for new state buildings, programs, and laws that increase incarceration. Bills proposing changes that could lead to more people being incarcerated or staying in prison longer must include a detailed cost analysis prepared in consultation with the Sentencing Policy and Advisory Commission. The legislation also mandates that these fiscal notes be separate documents that do not express legislative intent, while providing $50,000 in funding to cover the administrative costs of implementing this new requirement.