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How are these Objectives Achieved in Relation to Regulatory Agencies? • Regulatory Agencies may Possess Broad Powers, but they are Limited in Nature • A Regulatory Agency may not Act so as to Exceed the Scope of its Delegated Authority • Standards are Applied: An Agency is Prohibited from Acting in an Arbitrary & Capricious Manner • Agencies must Faithfully Interpret and Apply the Law as Intended by the Legislature. • Agency Actions & Decisions are Subject to Political and Judicial Oversight
Effective Regulatory Structure
• May be Achieved through Various Organizational Models Structured to Meet the Particularly Structure of the Governmental Entity Creating the Agency • Structures may have Varying Degrees of Complexity from Basic to Complex • Structure of the Agency will Depend on the Organizational Components Necessary
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