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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

TIMELY ECONOMIC ANALYSIS OF MAJOR REGS UPHELD

February 2, 2018

Our good friend Loren Kay from the CalChamber shares good news about a recent court victory on a bill that we co-sponsored requiring agencies conduct rigorous economic impact analysis before considering regulations for adoption (SB 617 from 2011).

“State agencies must take seriously the requirement to conduct a timely, accurate economic analysis of major regulations, according to a just-released opinion by the 5th District Court of Appeal.”

“In a unanimous opinion upholding the trial court, the appellate justices found that the final economic impact analysis used in rulemaking must be based on evidence, as must the responses to public comments regarding nonspeculative economic impacts which introduce new evidence into the rulemaking file.”

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