Bill Text - SB391 (2010)

Relative to the payment of certain amounts from the water fund to the town general fund by the town of Hanover.


Revision: May 6, 2010, midnight

SB 391-LOCAL – VERSION ADOPTED BY BOTH BODIES

2010 SESSION

10-2760

08/03

SENATE BILL 391-LOCAL

AN ACT relative to the payment of certain amounts from the water fund to the town general fund by the town of Hanover.

SPONSORS: Sen. Houde, Dist 5; Rep. Nordgren, Graf 9; Rep. Benn, Graf 9; Rep. Pierce, Graf 9

COMMITTEE: Public and Municipal Affairs

ANALYSIS

This bill transfers certain amounts from the water fund to the town general fund of the town of Hanover for disbursement to the Hanover and Dresden school district and Grafton county.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

10-2760

08/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to the payment of certain amounts from the water fund to the town general fund by the town of Hanover.

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

1 Transfer from Water Fund to Hanover General Fund for Payout to the Hanover and Dresden School Districts and Grafton County. Notwithstanding the provisions of RSA 38:29, the town of Hanover shall be authorized to transfer to the town general fund for disbursement to the Hanover and Dresden school district and Grafton county, semi-annually on June 30 and December 31 of each year, an amount from the water fund equal to the amount of property taxes that would have been paid on certain property formerly owned by Hanover water works company and conveyed to the town pursuant to RSA 38:8 on July 1, 2010. For the purposes of calculating the taxes that would have been paid on such property, the town shall use the assessed value of the property, as regularly determined by the town assessor.

2 Effective Date. This act shall take effect July 1, 2010.