5-4-204. Submission of fiscal note -- sponsor's fiscal note -- distribution to legislators. (1) A completed fiscal note shall be submitted by the budget director to the presiding officer who requested it. Upon receipt of the completed fiscal note, the presiding officer shall notify the sponsor of the bill for which the fiscal note was prepared that the fiscal note has been completed and is available for review. Within 24 hours following notification, the sponsor must:
     (a) notify the presiding officer that he concurs with the completed fiscal note;
     (b) request additional time, not to exceed 24 hours, to consult with the budget director on the fiscal note; or
     (c) elect to prepare a sponsor's fiscal note as provided in subsection (4).
     (2) (a) If the sponsor concurs with the completed fiscal note prepared by the budget director or elects to prepare a sponsor's fiscal note, the presiding officer shall refer the completed fiscal note prepared by the budget director to the committee considering the bill. If the bill is printed, the note shall be reproduced and placed on the members' desks.
     (b) If the sponsor requests additional time to consult with the budget director, the presiding officer shall notify the sponsor and the budget director of the time, not to extend beyond the time limitation specified in subsection (1)(b), by which:
     (i) the budget director shall submit a revised completed fiscal note to the presiding officer;
     (ii) the sponsor shall notify the presiding officer that he concurs with the original completed fiscal note; or
     (iii) the sponsor shall elect to prepare a sponsor's fiscal note as provided in subsection (4).
     (3) At the time specified as provided in subsection (2)(b), the presiding officer shall refer the original or, if revised, the revised fiscal note to the committee considering the bill. If the bill is printed, the note shall be reproduced and placed on the members' desks.
     (4) (a) If a sponsor elects to prepare a sponsor's fiscal note, he shall prepare the fiscal note as provided in 5-4-205 and return the completed sponsor's fiscal note to the presiding officer within 4 days of his election to prepare a sponsor's fiscal note.
     (b) The presiding officer may grant additional time to the sponsor to prepare the sponsor's fiscal note.
     (c) Upon receipt of the completed sponsor's fiscal note, the presiding officer shall refer it to the committee hearing the bill. If the bill is printed, the note must be identified as a sponsor's fiscal note, reproduced, and placed on the members' desks.

     History: En. Sec. 3, Ch. 53, L. 1965; amd. Sec. 97, Ch. 326, L. 1974; amd. Sec. 2, Ch. 321, L. 1975; R.C.M. 1947, 43-1003; amd. Sec. 1, Ch. 417, L. 1985.