60A-1.063: Present Value Methodology
PURPOSE AND EFFECT: The purpose and effect of the proposed rule amendment will be to repeal rules identified during the comprehensive rule review required by Executive Order 11-01 as duplicative, unnecessarily burdensome, or no longer necessary.
SUMMARY: Rule 60A-1.063, F.A.C., was identified for repeal for repeating, in large part, the statute, Section 287.0572, F.S. This rule duplicates the statute.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: The agency has determined that this rule will not have an adverse impact on small business or likely increase regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the agency.
STATEMENT REGARDING LEGISLATIVE RATIFICATION: The repeal of this rule is not expected to require legislative ratification pursuant to Section 120.541(3)(a)1., F.S., as there will be no impact on economic growth, job creation or employment, private-sector investment, or business competitiveness and no increase in regulatory costs.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
RULEMAKING AUTHORITY: 287.0572(2) FS.
LAW IMPLEMENTED: 287.0572(1) FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE,TIME AND PLACE SHOWN BELOW(IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):
DATE AND TIME: September 12, 2011, 1:00 p.m.
PLACE: 4050 Esplanade Way, Room 101, Tallahassee, FL 32399
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Karen Armstrong, Governance Manager, Division of State Purchasing, Department of Management Services, 4050 Esplanade Way Suite #335A, Tallahassee, FL 32399, (850)414-5790, Karen.Armstrong@dms.myflorida.com
THE FULL TEXT OF THE PROPOSED RULE IS:
60A-1.063 Present Value Methodology.
Rulemaking Specific Authority 287.0572(2) FS. Law Implemented 287.0572(1) FS. History–New