The Notice of Proposed Rule, as advertised on August 12, 2011, referenced incorrect information regarding the Statement of Estimated Regulatory Costs and Legislative Ratification.
The summary has been corrected to read as follows:
“SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: No Statement of Estimated Regulatory Cost was prepared. The Division of Risk Management has determined that the proposed rule will not have an adverse impact on small business, nor will the proposed rule likely increase directly or indirectly regulatory costs, including transactional costs, in excess of $200,000 in the aggregate within one year or $1 million in the aggregate within 5 years after implementation of the rule. Therefore, it has been determined that the rule does not meet the threshold for ratification by the Legislature.”
Any person who wishes to provide information regarding the statement of estimated costs, or to provide a proposal for a lower regulatory cost alternative must do so in writing within 21 days of this notice.