Section 20A-7-513 - Fiscal review - Repeal, amendment, or resubmission(1) No later than 60 days after the date of an election in which the voters approve an initiative, the budget officer shall: (a) for each initiative approved by the voters, prepare a final fiscal impact statement, using current financial information and containing the information required by Subsection 20A-7-502.5(2), except for the information required by Subsection 20A-7-502.5(2)(a)(vii); and(b) deliver a copy of the final fiscal impact statement to:(i) the local legislative body of the jurisdiction where the initiative was circulated;(ii) the local clerk; and(iii) the first three sponsors listed on the initiative application.(2) If the final fiscal impact statement exceeds the estimate in the initial fiscal impact and legal statement by 25% or more, the local legislative body shall review the final fiscal impact statement and may, by a majority vote: (a) repeal the law established by passage of the initiative;(b) amend the law established by the passage of the initiative; or(c) pass a resolution informing the voters that they may file an initiative petition to repeal the law enacted by passage of the initiative.Amended by Chapter 107, 2023 General Session ,§ 53, eff. 5/3/2023.Amended by Chapter 203, 2019 General Session ,§ 22, eff. 5/14/2019.Amended by Chapter 291, 2017 General Session ,§ 13, eff. 5/9/2017.Amended by Chapter 364, 2014 General Session ,§ 3, eff. 5/13/2014.Enacted by Chapter 236, 2005 General Session