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Sunset Law
(redirected from Sunset provision)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.
Sunset Law
Any legislation that requires periodic reauthorisation to provide funds and resources, in the absence of which, the ‘sun sets on them,’ and they cease to exist


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Paterson, extends for two years the sunset provisions now applicable to the wild card banking law.
As a result, when legislators meet in 2011, theyÕll be dealing with another fiscal nightmare, and wonÕt be able to count on the $781 million tax hike they approved this year because of the sunset provision.
If the electronics industry's experience with the European RoHS directive is any indication, this Sunset provision will result in the discontinuance of many components and the performance requalification of others.
 
 
 
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