HB 218-FN- AS INTRODUCED
2009 SESSION
04/05
HOUSE BILL 218-FN
AN ACT relative to the state park fund.
SPONSORS: Rep. Spang, Straf 7; Rep. Irwin, Hills 3; Rep. Webb, Merr 2; Rep. Kepner, Rock 15
COMMITTEE: Resources, Recreation and Development
This bill requires all moneys collected by the commissioner of the department of resources and economic development to be deposited into the state park fund and requires the state treasurer to invest all moneys in the fund.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
09-0697
04/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT relative to the state park fund.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 State Park Fund Established. Amend RSA 216-A:3-i to read as follows:
216-A:3-i State Park Fund Established.
[I.] The state treasurer shall establish a separate and distinct account to be known as the state park fund. The treasurer shall establish within the state park fund separate and distinct accounts known as the park account and the ski area account. The treasurer shall deposit in said accounts [actual] revenue [derived] received by the commissioner of the department of resources and economic development [in excess of budget expenses] from fees, services, accommodations, rentals, revenue from lift and tramway operations, retail sales, and net profit from concession operations, and including any federal moneys which become available, and all donations and gifts. The accounts shall be continuing and nonlapsing. The state treasurer shall invest the moneys deposited in the fund as provided by law, and any income received on such investments shall also be credited to the fund. Fund moneys shall only be used to pay for expenses related to the state park system.
[II. Any funds deposited into the park account and ski account are hereby continually appropriated to and may be expended by the commissioner of the department of resources and economic development only with the prior approval of the governor and council and the fiscal committee, provided that additional funds above those authorized in the budget are necessary for the division of parks and recreation to provide an adequate level of service and maintenance in the state park system, restore park facilities and for proper operation of the state-owned ski areas.]
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
09-0697
12/22/08
HB 218-FN - FISCAL NOTE
AN ACT relative to the state park fund.
FISCAL IMPACT:
The New Hampshire State Treasury and the Department of Resources and Economic Development state this bill will have an indeterminable effect on state restricted revenue in FY 2009 and each year thereafter. There will be no fiscal impact on county and local revenues or state, county, and local expenditures.
METHODOLOGY:
The Department of Resources and Economic Development states this bill will require all moneys collected by the commissioner of the Department to be deposited into the State Park Fund and requires the State Treasurer to invest all moneys in the fund. The Department states this bill will increase state park fund revenue by an indeterminable amount as a result of any interest earned on the invested funds.
The State Treasury states no estimate can be made of any additional investment income for the state park fund.