SB 232-FN-A – AS AMENDED BY THE SENATE
03/22/06 1401s
2006 SESSION
10/04
SENATE BILL 232-FN-A
AN ACT making a capital appropriation to the department of health and human services for a dental facility in the town of Tamworth.
This bill makes a bonded appropriation for the construction of dental facility as part of the Tri-County Community Action Program.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/22/06 1401s
06-2923 10/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Six
AN ACT making a capital appropriation to the department of health and human services for a dental facility in the town of Tamworth.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Purpose. The state of New Hampshire recognizes the importance of good oral health for all citizens. Many low to moderate income people on Medicaid and Medicare find it difficult to access dental care in the state of New Hampshire, especially emergency oral health care. Some of the federal programs for basic dental care in the public schools have had their funding reduced. The federal court case of Hawkins v. Commissioner filed in 1999 and settled in 2004 involved a 6-year-old girl denied oral health care as a Medicaid recipient. The settlement of the lawsuit cost the state a few million dollars and required the state department of health and human services to spend more time and money to assist low income families in finding dentists. The department makes annual progress reports to the New Hampshire attorney general’s office on oral health status in the state which are available for review by the federal court. This act provides assistance to the towns of Carroll County which have no dental clinic center for treating Medicaid patients, uninsured persons, or participants in the Healthy Kids program, the nearest facility being in Exeter. The construction of the facility with the funds appropriated by this act are intended to alleviate the oral health crisis in this state.
2 Capital Appropriation to the Department of Health and Human Services for Dental Facility; Bonds Authorized.
I. For the purpose of state participation in building a dental facility as part of the Tri-County Community Action Program, there is hereby appropriated to the department of health and human services the sum of $400,000, which shall be matched with $780,000 of federal and local funds. Such funds shall be in addition to any other funds appropriated to the department of health and human services.
II. To provide funds for the state appropriation made in paragraph I, the state treasurer is hereby authorized to borrow upon the credit of the state not exceeding the sum of $400,000 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A. Payments of principal and interest on the bonds and notes shall be made from the general fund of the state.
3 Effective Date. This act shall take effect July 1, 2006.
LBAO
06-2923
Amended 3/23/06
SB 232 FISCAL NOTE
AN ACT making a capital appropriation to the department of health and human services for a dental facility in the town of Tamworth.
FISCAL IMPACT:
The Treasury Department indicates this bill, as amended by the Senate (Amendment #2006-1401s), will increase state expenditures by $11,000 in FY 2007, $45,340 in FY 2008, $44,020 in FY 2009 and $42,700 in FY 2010. There is no fiscal impact on county and local expenditures or state county and local revenues. This bill increases bonded indebtedness supported by the general fund by $400,000.
METHODOLOGY:
The Treasury Department has indicated that the amount of total outstanding direct general obligation bonded indebtedness on behalf of and incurred by the state as of June 30, 2005 is $634 million (not including bond anticipation notes outstanding). The amount of net general obligation bonded indebtedness (general improvement plus University System of New Hampshire bonds), as of June 30, 2005 is $533 million. The estimated amount of net general obligation bonds authorized, but unissued, as of July 1, 2005 is $303 million.
The Treasury Department has assumed that one-half of the proposed bond authorization will be issued in FY 2007 and one-half in FY 2008. Current interest bond rates are fixed at 5.5% and amortized over 20 years (60% of the principal paid in the first ten years, 40% paid in the second 10 years). An estimated debt retirement schedule for all outstanding direct general obligation bonded indebtedness, including the proposed authorization contained in this bill through FY 2010, is displayed below:
Fiscal Year Existing Debt Additional
Ending Service Debt Service Total
2006 $99,742,746 $ 0 $99,742,746
2007 $92,879,746 $11,000 $92,890,746
2008 $87,639,414 $45,340 $87,684,754
2009 $85,749,238 $44,020 $85,793,258
2010 $78,415,170 $42,700 $78,457,870