HB 387 – AS INTRODUCED
2005 SESSION
08/09
HOUSE BILL 387
AN ACT authorizing the state treasurer to make a lawful money requisition order.
SPONSORS: Rep. Marple, Merr 9; Rep. Ingbretson, Graf 5; Rep. L. Christiansen, Hills 27
COMMITTEE: State-Federal Relations and Veterans Affairs
This bill authorizes the state treasurer, if found to be insane, manifestly insolvent, absconded, or concealed, to make a lawful money requisition order to the United States Mint, and to direct the attorney general to file for the involuntary bankruptcy of the Federal Reserve Bank of Boston and sell its assets at a sheriff’s sale.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05-0222
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT authorizing the state treasurer to make a lawful money requisition order.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Removal of Treasurer; Lawful Money Requisition Order. Amend RSA 6:19 to read as follows:
6:19 Removal of Treasurer; Lawful Money Requisition Order.
I. Upon representation made to the governor by any person, under oath, that the treasurer is insane or manifestly insolvent, or that he or she has absconded or concealed himself, or is guilty of any conduct which is to the hazard of the public treasure, the governor and council shall examine into the truth of the representation and, if it shall appear to be true, remove him from office.
II. Upon the filing of such a representation, the state treasurer shall make a lawful requisition order directly to the United States Mint in writing for the payment in lawful money/coin for the at-par exchange of legal tender notes in accordance with Title 12, section 411 of the United States Code, and furthermore, when there be 4 such representations added thereto to the original, that the treasurer’s duty be then to so advise the attorney general to be the fifth person needed to file for the involuntary bankruptcy of the Federal Reserve Bank of Boston, and to so file it toward a payment of the demand or the sheriff’s sale of their property.
2 Effective Date. This act shall take effect 60 days after its passage.