The Length of Time Required to Develop an Administrative Rule

question 54

True/False

The length of time required to develop an administrative rule from a proposal to actual publication in the Federal Register grew from an average of fifteen months to an average of thirty-five to forty months during the 1970s and 1980s.

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Definitions:

Buyer

A buyer is a person or entity that purchases goods or services from a seller in exchange for money or other consideration.

Ordinary Course

Activities that are considered normal, customary, or usual for a business under certain conditions.

Security Interest

A legal right or security interest on assets that have been offered as a guarantee, typically for the purpose of ensuring the repayment of borrowed money.

Secured Creditor

A lender that is granted a specific property interest as collateral for a loan, giving the creditor a right to repossess the property if the loan is defaulted.