20A-7-214. Fiscal review -- Repeal, amendment, or resubmission.
(1) No later than 60 calendar days after the date of an election in which the voters approve an initiative, the Office of the Legislative Fiscal Analyst shall: for each initiative approved by the voters, prepare a final fiscal impact statement, using current financial information and containing the information required by Subsection; and 20A-7-202.5(2) deliver a copy of the final fiscal impact statement to: the president of the Senate; the minority leader of the Senate; the speaker of the House of Representatives; the minority leader of the House of Representatives; and the first five sponsors listed on the initiative application.
(2) If the final fiscal impact statement exceeds the estimate in the initial fiscal impact statement by 25% or more, the Legislature shall review the final fiscal impact statement and may, in any legislative session following the election in which the voters approve the initiative: repeal the law established by passage of the initiative; amend the law established by passage of the initiative; or pass a joint or concurrent resolution informing the voters that they may file an initiative petition to repeal the law enacted by passage of the initiative.