Chapter 02. Petitions for Adoption, Amendment, or Repeal of Regulations

Any interested person may file a petition with the Treasurer for the promulgation, amendment, or repeal of any regulation.

The petition shall state the regulation or amendment the petitioner proposes and shall refer to any existing regulation the petitioner seeks to have amended or repealed. The petition also shall include a brief statement of reasons in support of the proposed change and the name, address, and telephone number of the petitioner.

The petition shall be filed with the Treasurer for consideration and disposition. Within 60 days after submission, the Treasurer or the Treasurer's designee shall notify the petitioner in writing either that the Treasurer has denied the petition in whole or in part, stating the reasons for the denial, or that the Treasurer has initiated appropriate procedures to promulgate, amend, or repeal regulations in accordance with the petition.