HB1521 (2010) Detail

Relative to funding of the New Hampshire rail transit authority.


HB 1521 – AS INTRODUCED

2010 SESSION

10-2571

06/05

HOUSE BILL 1521

AN ACT relative to funding of the New Hampshire rail transit authority.

SPONSORS: Rep. Kurk, Hills 7; Rep. Bergin, Hills 6

COMMITTEE: Public Works and Highways

ANALYSIS

This bill prohibits the New Hampshire rail transit authority from proceeding with any commitment for passenger rail service until the treasurer certifies that no state-funded subsidy will be needed.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

10-2571

06/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to funding of the New Hampshire rail transit authority.

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

1 New Section; New Hampshire Rail Transit Authority; Certification Required; Funding Limitation. Amend RSA 238-A by inserting after section 2 the following new section:

238-A:2-a Certification Required; Funding Limitation.

I. The New Hampshire rail transit authority shall be barred from proceeding with any commitment for passenger rail service in the state until the state treasurer certifies to such authority that there shall be no need for any state-funded subsidy from any state fund for at least 10 years after the expiration of any federal or other subsidy which the state may receive.

II. No highway funds shall be used, directly or indirectly, for any passenger rail project.

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