§ 24-4-101.5 — Legislative declaration

Colorado § 24-4-101.5

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Rule-making and Licensing Procedures

Text

The general assembly finds that an
agency should not regulate or restrict the freedom of any person to conduct his or
her affairs, use his or her property, or deal with others on mutually agreeable terms
unless it finds, after a full consideration of the effects of the agency action, that the
action would benefit the public interest and encourage the benefits of a free
enterprise system for the citizens of this state. The general assembly also finds that
many government programs may be adopted without stating the direct and indirect
costs to consumers and businesses and without consideration of such costs in
relation to the benefits to be derived from the programs. The general assembly
further recognizes that agency action taken without evaluation of its economic
impact may have unintended effects, which may include barriers to competition,
reduced economic efficiency, reduced consumer choice, increased producer and
consumer costs, and restrictions on employment. The general assembly further
finds that agency rules can negatively impact the state's business climate by
impeding the ability of local businesses to compete with out-of-state businesses,
by discouraging new or existing businesses from moving to this state, and by
hindering economic competitiveness and job creation. Accordingly, it is the
continuing responsibility of agencies to analyze the economic impact of agency
actions and reevaluate the economic impact of continuing agency actions to
determine whether the actions promote the public interest.

Legislative History

Source: L. 77: Entire section added, p. 1134, � 1, effective May 31. L. 2003: Entire section amended, p. 2369, � 1, effective August 6.