HB 393 – AS INTRODUCED
2011 SESSION
05/01
HOUSE BILL 393
AN ACT repealing the authority for the establishment of certain revolving funds by towns.
COMMITTEE: Municipal and County Government
This bill repeals the authority of towns to establish certain revolving funds.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
11-0534
05/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
AN ACT repealing the authority for the establishment of certain revolving funds by towns.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Lapse of Revolving Funds. Any money in the revolving funds established under RSA 31:95-h on the effective date of this act shall lapse to the town’s general surplus fund.
2 Repeal. The following are repealed:
I. RSA 31:95-h, relative to revolving funds.
II. RSA 53-F:3, II, relative to revolving funds for clean energy districts.
3 Effective Date. This act shall take effect July 1, 2011.