HB1605 (2006) Detail

Relative to transfers from prepaid fish and game license fund.


CHAPTER 17

HB 1605-FN – FINAL VERSION

2006 SESSION

06-2673

10/09

HOUSE BILL 1605-FN

AN ACT relative to transfers from the prepaid fish and game license fund.

SPONSORS: Rep. D. Smith, Hills 22; Rep. Morneau, Coos 4; Rep. Klose, Merr 8; Rep. Nowe, Rock 9; Rep. Almy, Graf 11

COMMITTEE: Fish and Game

ANALYSIS

This bill changes the formula for annual transfers from the prepaid fish and game license fund for lifetime licenses sold.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

06-2673

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Six

AN ACT relative to transfers from the prepaid fish and game license fund.

Be it Enacted by the Senate and House of Representatives in General Court convened:

17:1 Fish and Game; Lifetime Licenses; Transfers From Prepaid Fish and Game License Fund. Amend RSA 214:9-c, IV to read as follows:

IV. Notwithstanding any other provision of law, the monies received from the sale of such lifetime licenses shall be deposited with the state treasurer who shall keep the same in a separate fund to be known as the prepaid fish and game license fund. The state treasurer shall invest the monies in the fund and shall annually transfer to the fish and game fund from the prepaid fish and game license fund an amount equal to [the number of lifetime licenses sold in prior years, reduced each year by 3.5 percent for mortality, times the present cost of an annual license] 9 percent of the principal balance in the fund each year and any interest that accrues to the prepaid fish and game license fund in excess of 5 percent.

17:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: March 23, 2006

Effective: May 22, 2006