HB 209 – AS AMENDED BY THE HOUSE
23Feb2011… 0379h
2011 SESSION
05/04
HOUSE BILL 209
AN ACT establishing a study committee to recommend a continuing revenue estimating process to produce revenue forecasts.
SPONSORS: Rep. Cebrowski, Hills 18; Rep. Major, Rock 8; Rep. Seidel, Hills 20; Rep. K. Roberts, Ches 3; Rep. Belvin, Hills 6; Rep. Ulery, Hills 27; Sen. White, Dist 9
This bill establishes a study committee to recommend a continuing revenue estimating process to produce revenue forecasts.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
23Feb2011… 0379h
11-0547
05/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
AN ACT establishing a study committee to recommend a continuing revenue estimating process to produce revenue forecasts.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Committee Established. There is established a study committee to recommend a continuing revenue estimating process to produce revenue forecasts.
2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Four members of the house of representatives, appointed by the speaker of the house of representatives.
(b) Two members of the senate, appointed by the president of the senate.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
3 Duties. The committee shall:
I. Analyze the inadequacies and opportunities within the current revenue estimating process.
II. Review similar past initiatives, including the consensus revenue estimating panel established by 2003, 155 (HB 805).
III. Study the processes, formal structure, and costs that other states have put in place to manage both short and long term economic and revenue forecasting, and compare their records of success with that of New Hampshire.
IV. Review current New Hampshire statutes relative to revenue estimating to determine their scope, adequacy, and need for amendment.
V. Solicit information and testimony from individuals and entities with experience or expertise relevant to the study, including:
(a) The governor’s budget director.
(b) The commissioner of the department of revenue administration.
(c) The commissioner of the department of administrative services.
(d) The heads of other government agencies that contribute substantially to state revenues.
(e) The legislative budget assistant.
(f) Economists.
(g) Members of the New Hampshire business community.
VI. Generate, evaluate, and prioritize ideas for a process and an entity to lead and manage both short and long term economic and revenue forecasting on a continuing basis and identify contributing entities to the process.
VII. Define the role and responsibility of the lead revenue estimating entity, and contributing entities, and the rationale for those roles and responsibilities.
VIII. Develop proposed revenue estimating process legislation for the 2012 session.
4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Three members of the committee shall constitute a quorum.
5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2011.
6 Effective Date. This act shall take effect upon its passage.