HB 374 – AS INTRODUCED
2005 SESSION
05/01
HOUSE BILL 374
AN ACT establishing a commission on economic independence.
SPONSORS: Rep. P. Sullivan, Hills 10
This bill establishes a commission on economic independence to study individual development accounts and earned income tax credits and to encourage low income savings plans.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05-0152
05/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT establishing a commission on economic independence.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Commission Established. There is established a commission on economic independence.
2 Membership and Compensation.
I. The members of the commission shall be as follows:
(a) Three members of the house of representatives, appointed by the speaker of the house of representatives.
(b) Three members of the senate, appointed by the president of the senate.
(c) The commissioner of the department of health and human services, or designee.
(d) A representative of the New Hampshire Community Loan Fund, appointed by such organization.
(e) A representative of a community organization whose mission includes fostering economic independence for New Hampshire citizens, appointed by the governor.
(f) A representative of local government, appointed by the speaker of the house of representatives.
(g) A representative of county government, appointed by the president of the senate.
II. Legislative members of the commission shall receive mileage at the legislative rate when attending to the duties of the commission.
3 Duties. The commission shall study methods for achieving economic independence through the use of individual development accounts, earned income tax credits, and low income savings plans.
4 Chairperson; Quorum. The members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the first-named house member. The first meeting of the commission shall be held within 45 days of the effective date of this section. Four members of the commission shall constitute a quorum.
5 Report. The commission shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2005.
6 Effective Date. This act shall take effect upon its passage.