FEES. TWO-THIRDS VOTE REQUIREMENT. INITIATIVE CONSTITUTIONAL AMENDMENT.

FEES. TWO-THIRDS VOTE REQUIREMENT. INITIATIVE CONSTITUTIONAL AMENDMENT. Requires two-thirds vote of each house of the Legislature, instead of current majority vote, to enact fees exceeding reasonable cost of regulating an activity, or fees to monitor, study or mitigate the effects of an activity without imposing significant regulatory obligation. Excludes certain real property assessments and fees, monies recoverable as damages, remedial expenses or penalties from specific events. Not applicable to fees enacted before January 1, 2003, or increases due to inflation or greater workload. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Potentially significant decrease in state revenues from certain regulatory fees, depending upon future legislative actions