Which statement best describes the function of interpretive rules?

Interpretive rules are critical for clarifying how existing statutes should be understood and applied. They do not create new laws or regulations but instead provide insight into how an agency interprets specific legal provisions. This guidance is especially useful for both the entities regulated by the agency and for the agency itself, as it helps ensure consistency in enforcement and compliance.

Interpretive rules help define the agency's understanding of its statutory authority and the parameters within which it operates. They do not have the force of law like legislative rules do, which means they cannot impose or enforce penalties. Instead, their primary function is to aid in the clear interpretation of statutes, ensuring that all parties have a better understanding of their rights and obligations under the law. This emphasis on interpretation is what makes the statement about offering guidance on interpreting statutes the best description of interpretive rules.