HB 218-FN- AS AMENDED BY THE HOUSE
13Jan2010… 2009-2514h
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
13Jan2010… 2009-2514h
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 Purpose. The purpose of this act is to clarify the use of the state park fund and to provide fiscal flexibility to the commissioner of the department of resources and economic development in operating the state park system.
2 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 and continually appropriated to the commissioner for the purposes set forth in this section. 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.]
3 Effective Date. This act shall take effect July 1, 2010.
LBAO
09-0697
Amended 01/28/10
HB 218 FISCAL NOTE
AN ACT relative to the state park fund.
FISCAL IMPACT:
The Department of Resources and Economic Development and Treasury Department state this bill, as amended by the House (Amendment #2009-2514h), will increase state restricted revenue and expenditures by an indeterminable amount in FY 2011 and each year thereafter. There will be no fiscal impact on county and local revenues or expenditures.
METHODOLOGY:
The Department of Resources and Economic Development states this bill will require all moneys deposited into the State Park Fund be invested by the state treasurer and any income from the investments be credited to the fund. The Department states this bill will increase state park fund revenue and expenditures by an indeterminable amount as a result of any interest earned on the invested funds.
The Treasury Department states no estimate can be made of any additional investment income for the state park fund.