Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 6B of chapter 11 of the General Laws is hereby amended by adding the following paragraph:-
The division shall review every five years those laws and administrative regulations which have a significant financial impact upon cities or towns. For the purposes of this section "Significant financial impact" is defined as requiring municipalities to expand existing services, employ additional personnel, or increase local expenditures. Said division shall determine the costs and benefits of each such law and regulation, and submit a report to the general court of each session together with its recommendation, if any, for the continuation, modification or elimination of such law or regulation.