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What is the difference between a rule or regulation (on one hand) and a statute or law or act (on the other hand)?

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What is the difference between a rule or regulation (on one hand) and a statute or law or act (on the other hand)?

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The General Assembly enacts statutes by passing bills in the Senate and House of Representatives and sending them to the Governor for approval. Some statutes give an agency in the executive branch the authority to adopt rules to further carry out the statute. Armed with this authority, the executive branch agency adopts rules by following a rulemaking procedure.

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