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Title

Focus on economic analyses: Economic analyses evaluate costs/benefits of water management rules

 
Publication number Date Published
12-11-022April 2012
VIEW NOW Focus on economic analyses: Economic analyses evaluate costs/benefits of water management rules (Number of pages: 3) (Publication Size: 97KB)




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Author(s) Brian Walsh
Description The Department of Ecology (Ecology) and other state agencies write administrative rules or regulations to implement state law. Adoption of rules follows a specific legal process, as described in the Administrative Procedures Act (RCW 34.05) and the Regulatory Fairness Act (RCW 19.85). Under these two statutes, three different types of economic analyses are generally required for instream flow and water management rules.
• Cost Benefit Analyses evaluate if the benefits of adopting a rule are
greater than the costs of implementing the rule.
• Least Burdensome Alternative Analyses determine the least
burdensome alternative for those who must comply with the rule, while
still achieving the goals and objectives of the law being implemented.
(Included in the same document as the Cost Benefit Analysis.)
• Small Business Economic Impact Statements determine if a rule has
a disproportionate impact on small business as compared to large
companies and if so, try to ease that impact where legal and feasible.
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Keywords economic analysis, water management
WATERSHED Water Resource Inventory Area 17 Quilcene-Snow