FISCAL REVIEW FISCAL REVIEW COMMITTEE COMMITTEE AT A GLANCE AT A GLANCE Fiscal Review Committee Staff January 22, 2010
Committee Members Tennessee Code Annotated, Section 3-7-101 • (1) Speaker of the Senate, Ex Officio NON-VOTING • (1) Speaker of the House, Ex Officio • (1) Chair of the Senate, Finance, Ways, Means Committee, Ex Officio • (1) Chair of the House, Finance, Ways, VOTING Means Committee, Ex Officio • (6) Senators • (9) Representatives FISCAL REVIEW COMMITTEE STAFF
Current Committee Members CHAIR: SENATOR BILL KETRON VICE CHAIR: REPRESENTATIVE CHARLES CURTISS SENATE HOUSE 1. Douglas Henry 1. Harry Brooks 2. Doug Jackson 2. Craig Fitzugh 3. Brian Kelsey 3. Curtis Johnson 4. Randy McNally 4. Steve McManus 5. Reginald Tate 5. Mary Pruitt 6. Ken Yager 6. Donna Rowland 7. Tony Shipley 8. Curry Todd 9. Eddie Yokley 10. David Shepard (Designee) FISCAL REVIEW COMMITTEE STAFF
Purpose of Committee Tennessee Code Annotated, Section 3-7-103 • Impart knowledge of fiscal affairs of the state to the members of the General Assembly • Prepare and distribute the fiscal note statements • The Comptroller of the Treasury shall aid the committee in the conduct of its duties FISCAL REVIEW COMMITTEE STAFF
Additional Duties • Prepare state revenue estimate • Review and hold hearings on non- competitive contracts and repeat audit findings FISCAL REVIEW COMMITTEE STAFF
What is a Fiscal Note? • An estimate of the impact for a pending bill • Takes into account cost and revenue impacts on state and local government FISCAL REVIEW COMMITTEE STAFF
Why do we prepare Fiscal Notes? Tennessee Code Annotated, Section 3-2-107 Fiscal Notes shall be provided for all general bills or resolutions increasing or decreasing state or local revenues, making sum-sufficient appropriations, or increasing or decreasing existing appropriations or the fiscal liability of the state or of the local governments of the state. FISCAL REVIEW COMMITTEE STAFF
Why do we prepare Fiscal Notes? (CONTINUED) • Fiscal notes tell the General Assembly how much a bill will cost, or how much revenue it will generate. FISCAL REVIEW COMMITTEE STAFF
Why do we prepare Fiscal Notes? (CONTINUED) • Fiscal Notes also help the General Assembly and Governor meet two constitutional requirements: 1) Balanced Budget - General appropriations bill 2) Providing estimated first-year’s funding of new legislation - Cumulative fiscal note FISCAL REVIEW COMMITTEE STAFF
How does the process work? 1. Bill introduced 2. Assigned to agencies 3. Support form received 4. Analyst reviews support form and analyzes impact 5. Draft fiscal note 6. Internal review 7. Fiscal Note issued FISCAL REVIEW COMMITTEE STAFF
Let’s Get Technical! Fiscal Note: A document that details the fiscal impact of a particular piece of legislation. � A fiscal note is issued for each general bill and most resolutions. FISCAL REVIEW COMMITTEE STAFF
Parts of a Fiscal Note Bill & Companion Number Issue Date of the Fiscal Note Brief description of the filed legislation. Explanation of the effects on revenue and expenditures – ALWAYS IN BOLD Detailed explanation of the fiscal impact if the legislation is enacted as law. FISCAL REVIEW COMMITTEE STAFF
Corrected Fiscal Note Corrected Fiscal Note: Is issued for a piece of legislation when it has been discovered that the original fiscal note contains erroneous information. FISCAL REVIEW COMMITTEE STAFF
Corrected Fiscal Note (CONTINUED) FISCAL REVIEW COMMITTEE STAFF
Check the Status of Fiscal Notes INSTRUCTIONS � Open Bill Tracking � Search for the requested bill � Look for the “Fiscal Note” heading on the right side of the screen FISCAL REVIEW COMMITTEE STAFF
Print Copies of Fiscal Notes INSTRUCTIONS � Print copies � Attach to an email and send electronically FISCAL REVIEW COMMITTEE STAFF
Interaction with the Committee You may be asked to process an amendment: Once drafted by Legal Services, an amendment should have a bar/draft code assigned to it. Complete the “Fiscal Review Memo Request Form” - Available in our office or on the “G:” drive in the FRC Fiscal Memos File Folder by year FISCAL REVIEW COMMITTEE STAFF
Find Memos and Request Forms ? INSTRUCTIONS � Right click on the Start Menu � Click Explore � Select G: Drive � Open FRC Fiscal Memos � Select the Folder by year � Find the memo by the printed bill number [Example: HB 0050 (008003)] FISCAL REVIEW COMMITTEE STAFF
Fiscal Memo Request Form FISCAL REVIEW MEMO REQUEST FORM Date______________ PRINTED Bill Number______________________ Draft Code Number _________________________ Sponsor(s) of legislation________________________ Member(s) requesting if different from sponsor______________________ Committee Name________________________________ Date and Time of Committee for amendment_________________________ *Memo will be prepared as soon as possible once information is received from the department in question and data is analyzed FAX TO KELSEY BLUE AT (615) 253-0174, OR EMAIL TO: KELSEY.BLUE@CAPITOL.TN.GOV PLEASE CALL 741-2564 TO CONFIRM THIS REQUEST WAS RECEIVED. FISCAL REVIEW COMMITTEE FISCAL REVIEW COMMITTEE STAFF
Fax Number Fiscal Review Committee ATTN: Kelsey FAX: (615) 253-0174 � PLEASE BE SURE TO CONFIRM OUR RECEIPT OF MEMO REQUEST (615) 741-2564 FISCAL REVIEW COMMITTEE STAFF
Fiscal Memorandum Fiscal Memo: Is the document that details the fiscal impact of a particular amendment. � The draft code of the affected amendment will be listed on the memo. FISCAL REVIEW COMMITTEE STAFF
Parts of a Fiscal Memorandum Bill & Companion Number Issue Date of the Fiscal Note Brief description of the filed legislation. Impact of original bill Impact of bill as amended Detailed explanation of the fiscal impact if the legislation as amended is enacted as law FISCAL REVIEW COMMITTEE STAFF
Fiscal Memorandum and Amendment FISCAL REVIEW COMMITTEE STAFF
Corrected Fiscal Memorandum Corrected Fiscal Memo: Is the document issued when it has been discovered that the original fiscal memo contains erroneous information. FISCAL REVIEW COMMITTEE STAFF
Corrected Fiscal Memorandum (CONTINUED) F FISCAL REVIEW COMMITTEE STAFF
Memo Distribution Completed memos affecting a member’s original bill will be e-mailed to: • The member and his/her secretary • Office of the Chief Clerk in each chamber • The appropriate committee or subcommittee • Copies can be obtained from the G: Drive under the FRC Fiscal Memos Folder FISCAL REVIEW COMMITTEE STAFF
Fiscal Memo FISCAL REVIEW COMMITTEE STAFF
Memo Distribution Once an amendment has been adopted by a Full Committee: • Appears on bill tracking • Fiscal Memo for the Amendment can be found on bill tracking and the General Assembly’s website at: http://www.capitol.tn.gov/ FISCAL REVIEW COMMITTEE STAFF
Interaction with the Committee High volume of amendment requests Fiscal Review is responsible for memorandum on the amendment These memoranda are extremely important FISCAL REVIEW COMMITTEE STAFF
Interaction with the Committee Status of Fiscal Notes for the member’s original bill Amendments and Memorandum Record keeping/filing FISCAL REVIEW COMMITTEE STAFF
Contact Us… Fiscal Review Committee 8th Floor, Rachel Jackson Building 320 6th Avenue N Nashville, TN 37243-0057 (615) 741-2564 Corner of 6 th and Deadrick at the 3-way stop across from TPAC and Legislative Plaza *Please bring your State ID to enter the building FISCAL REVIEW COMMITTEE STAFF
Visit Us Online For additional information or a copy of this presentation, please visit the Fiscal Review Committee Web site: http://www.capitol.tn.gov/joint/committees/fiscal-review/ FISCAL REVIEW COMMITTEE STAFF
MEET THE MEET THE FISCAL REVIEW FISCAL REVIEW STAFF STAFF
Dan Cooper, Assistant Director PHONE: (615) 532-6859 FAX: (615) 253-0176 Dan.Cooper@capitol.tn.gov FISCAL REVIEW COMMITTEE STAFF
Kathryn Chastain, Local Government Fiscal Analyst • Comptroller of the Treasury • Corrections Institute • Fiscal Review Committee (resolutions) • Local Government • Sunset Bills • Tennessee Advisory PHONE: (615) 532-6864 Commission on FAX: (615) 253-0183 Intergovernmental Kathryn.Chastain@capitol.tn.gov Relations FISCAL REVIEW COMMITTEE STAFF
Leni Chick, Contract & Audit Coordinator • Administrative Office of the Courts • Attorney General and Reporter • Correction • District Attorneys General Conference • District Public Defenders Conference PHONE: (615) 253-2048 • Post Conviction Defender’s Office FAX: (615) 253-0318 • TRICOR Leni.Chick@capitol.tn.gov FISCAL REVIEW COMMITTEE STAFF
Robert Currey, Chief Economist • Finance and Administration • Lottery Board • Lottery Scholarships • Revenue • Tennessee Consolidated Retirement System PHONE: (615) 532-7392 • Tennessee Regulatory FAX: (615) 253-0196 Authority Robert.Currey@capitol.tn.gov • Treasury FISCAL REVIEW COMMITTEE STAFF
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