Revision: Jan. 21, 2010, midnight
HB 230-LOCAL – AS AMENDED BY THE SENATE
23Mar2005… 0396h
05/12/05 1356s
2005 SESSION
08/09
HOUSE BILL 230-LOCAL
AN ACT relative to default budgets.
SPONSORS: Rep. Boehm, Hills 27; Rep. Renzullo, Hills 27
COMMITTEE: Municipal and County Government
This bill includes, in the calculation of a default budget amount, obligations incurred by approved warrant articles and contractual obligations.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
23Mar2005… 0396h
05/12/05 1356s
05-0503
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT relative to default budgets.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Default Budget; Definition. RSA 40:13, IX(b) is repealed and reenacted to read as follows:
(b) “Default budget” as used in this subdivision means the amount of the same appropriations as contained in the operating budget authorized for the previous year, reduced and increased by:
(1) Debt service.
(2) Obligations required by contracts.
(3) Continuing obligations incurred by approved warrant articles.
(4) Obligations mandated by law.
(5) One-time expenditures contained in the previous year’s operating budget. One-time expenditures shall be appropriations not likely to recur in the succeeding budget, as determined by the governing body, unless the provisions of RSA 40:14-b are adopted by the local political subdivision.
2 Effective Date. This act shall take effect 60 days after its passage.