HB 1159 – AS INTRODUCED
2012 SESSION
06/05
HOUSE BILL 1159
AN ACT defining a default budget for a municipality.
SPONSORS: Rep. Pettengill, Carr 1
COMMITTEE: Municipal and County Government
This bill modifies the definition of default budget in official ballot towns.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2688
06/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT defining a default budget for a municipality.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Official Ballot; Definition; Default Budget. RSA 40:13, IX(b) is repealed and reenacted to read as follows:
(b) “Default budget” as used in this subdivision means the budget authorized for the previous year increased by any new debt service approved by the voters.
2 Default Budget. RSA 40:13, XI(a)(1) through (3) is repealed and reenacted to read as follows:
(1) The budget authorized for the previous year; and
(2) Increases in the previous year’s budget by any new debt service.
3 Effective Date. This act shall take effect 60 days after its passage.