§ 16.1-01-17 — Estimated fiscal impact of an initiated or referred measure

As soon as practicable after the secretary of state approves an initiated or referred measure
for the ballot, the legislative council shall coordinate the determination of the estimated fiscal
impact of the initiated or referred measure. Upon notification from the secretary of state that
signed petitions have been submitted for placement of an initiated or referred measure on the
ballot, the legislative management shall hold hearings, receive public testimony, and gather
information on the estimated fiscal impact of the measure. Each agency, institution, or
department shall provide information requested in the format and time frame prescribed by the
legislative council for identifying the estimated fiscal impact of the measure. At least thirty days
before the public vote on the measure, the legislative council shall submit a statement of the
estimated fiscal impact of the measure to the secretary of state. Upon receipt, the secretary of
state shall include a notice within the analysis required by section 16.1-01-07 specifying where
copies of the statement of the estimated fiscal impact can be obtained. Within thirty days of the
close of the first complete fiscal year after the effective date of an initiated or referred measure
approved by the voters, the agencies, institutions, or departments that provided the estimates of
the fiscal impact of the measure to the legislative council under this section shall submit a report
to the legislative council on the actual fiscal impact for the first complete fiscal year resulting
from provisions of the initiated or referred measure and a comparison to the estimates provided
to the legislative council under this section, and the legislative council shall issue a report of the
actual fiscal impact of the initiated or referred measure.