In addition to the economic impact statement required under section 8052, subsection 5‑A and the fiscal impact note required under section 8063, an agency may, within existing budgeted resources and in instances in which the consideration of costs is permitted, conduct an analysis of the benefits and costs of a proposed rule to evaluate the effects of the rule on the distribution of benefits and costs for specific groups and on the overall economic welfare of the State.

1. 1. Contents of a cost-benefit analysis To the extent permitted within existing resources, a cost-benefit analysis conducted under this section must include, at a minimum, the following information:

   1. A. Specification of the baseline condition for the analysis, including all required parameters for the analysis, all assumptions made in specifying the baseline condition and specification of the analysis period;

      [PL 2011, c. 304, Pt. B, §1 (NEW).]

   2. B. A description of the methods used to discount future benefits and costs, preferably based on the federal Office of Management and Budget's discount rate for federal projects;

      [PL 2011, c. 304, Pt. B, §1 (NEW).]

   3. C. An analysis of changes in the level of economic activity in the State as measured by employment, income and outputs; and

      [PL 2011, c. 304, Pt. B, §1 (NEW).]

   4. D. An estimate of the discounted benefits and costs of the proposed rule over the baseline condition, including benefits and costs to specific groups and changes in the economic welfare of the State as a whole over the baseline condition.

      [PL 2011, c. 304, Pt. B, §1 (NEW).]

   [PL 2011, c. 304, Pt. B, §1 (NEW).]

PL 2011, c. 304, Pt. B, §1 (NEW).