Contents of Fiscal Note

(a)For appropriation bills, a fiscal note shall contain the best estimate of the fiscal impact of a bill for the fiscal year in which it would become effective, if enacted, and for the next four

(4)succeeding fiscal years. If the fiscal impact of the bill is not expected to occur within the operating fiscal year, the estimate shall be for the first fiscal year in which it is expected to COL121007 CH. 9 F ISCAL ACCOUNTABILITY ACT OF 1999 be fully effective, and for the next four

(4)succeeding fiscal years.

(b)For non-appropriation bills, a fiscal note shall include, at least, but not limited to the following information:

(1)the cost of the proposed legislation to the government for the fiscal year in which it would become effective, if enacted, and for the next four

(4)succeeding fiscal years. If the fiscal impact of the bill is not expected to occur within the operating fiscal year, the estimate shall be for the first fiscal year in which it is expected to be fully effective, and for the next four

(4)succeeding fiscal years;

(2)whether or not the proposed legislation will establish a program or agency that will duplicate the function of an existing program or agency;

(3)whether or not there is a Federal mandate for the program or agency; and

(4)whether or not any new physical facilities will be required.