Fiscal Note Law & Legal Definition
A fiscal note is also called a fiscal impact statement. For example, the Maryland Department of Fiscal Services prepares a statement describing the fiscal impact of a bill on State revenues and expenditures if the bill becomes law. The issuing office must also approve fiscal notes for form, accuracy, and completeness. The purpose of this process is to provide to the Legislature the estimated cost of legislation that is going through the legislative process. A fiscal note is revised if an adopted amendment changes the bill's impact.
Many other states and jurisdictions have similar items and procedures which vary from state to state. Regulations for fiscal notes often require, among other things, inclusion of operating costs, anticipated salary and inflationary increases, and additional capital costs over a specified period.
Legal Definitions
Search Definitions
Get a Term Defined
- Request a legal definition! Submit a term you need defined.
- » Request Legal Definition
Submit a Definition
- Submit a Definition Help us build our database. Free listings for attorneys.
- » Submit a Definition
Help Build USLegal
- Join our Team and help build USLegal. Many opportunities for participation so Join our Network.
Build USLegal
Read a Law Digest
- Need to read the law or find an answer to a legal question? Visit our Law Digest for the largest selection of law digests and answers available.
Go to Law Digest
Form Packages
- Select from our most popular legal form packages.
- » Bankruptcy
- » Contract for Deed
- » Divorce
- » Employment Packages
- » Home Sales
- » Incorporation
- » LLC Formation
- » Landlord Tenant
- » Mutual Wills
- » Name Change
- » Personal Planning
- » Partnerships
- » View All Packages
Legal Life
- Organize your legal life today! View our free online guide to creating a Life Documents File and related products.
- » Life Documents File
- » Personal Planning Package
- » Life Documents Packages
- » New Parents
- » Newlyweds
- » Baby Boomers
- » Military
- » Other
Form Drafting
- Can′t find the form you need, or need a form we offer revised for your situation? Submit your request and our attorneys will review the request and let you know if the form can be provided.
Submit a drafting request...
