Revision: Feb. 8, 2012, midnight
HB 1552-FN – AS AMENDED BY THE HOUSE
8Feb2012… 0273h
2012 SESSION
06/05
HOUSE BILL 1552-FN
AN ACT relative to the reporting of funds.
COMMITTEE: Executive Departments and Administration
This bill modifies the method of reporting certain funds.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
8Feb2012… 0273h
12-2481
06/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to the reporting of funds.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Annual Reporting Requirement for Certain Dedicated Funds. Amend the introductory paragraph of RSA 6:12-e to read as follows:
The definitions established in RSA 6:12 shall apply to this section. The administrator of each fund, account, or trust listed in RSA 6:12, RSA 6:12-b, RSA 6:12-c, and RSA 6:12-d shall complete and file with the commissioner of administrative services within 60 days of the end of each biennium [an annual] a report on a standard, searchable, electronic form to be prescribed by the department of administrative services, [with the commissioner of administrative services on or before September 15, 2009, and each year thereafter] using the best data available at that time. The commissioner of administrative services shall compile these reports into a [single document on or before November 15 of each year] comprehensive annual financial report and forward it to the governor, the president of the senate, the speaker of the house of representatives, and the legislative budget assistant. The commissioner of administrative services shall also forward the reports to the relevant legislative policy committees of the house and senate as indicated on said reports by the administrator of each fund, account, or trust [by November 15. Each annual report]. If, as a result of audit, the comprehensive annual financial report is found to be materially in error, a corrected report shall be submitted within 60 days. Each report shall be made available in an electronic format capable of being sorted and extracted and shall include, but not be limited to:
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
12-2481
12/13/11
HB 1552-FN - FISCAL NOTE
AN ACT relative to the reporting of funds.
FISCAL IMPACT:
The Treasury Department and the Public Utilities Commission state this bill will have an indeterminable impact on state revenues in FY 2012 and each year thereafter. There will be no impact on state expenditures, or county and local revenues or expenditures.
METHODOLOGY:
The Treasury Department states this bill would repeal the special teacher competence fund with the remaining balance lapsing to the state’s general fund. The Department states the balance of the special teacher competence fund as of August 31, 2011 is $201,550.16. The Department states this bill also would repeal and reenact RSA 471-C:8, IV relative to deposits and other payments held by utilities. The Department states this bill provides that 15% of reportable property be remitted to the state, but is silent on the remaining 85%. The Department states under current provisions the 85% would go to the public interest payphone fund, and this bill would essentially leave the 85% with the holder utility and could result in a reduction to state revenues as funds that would otherwise be escheated to the state’s general fund would remain with the holder utility indefinitely.
The Public Utilities Commission states this bill would repeal the public interest payphone fund with the remaining balance lapsing to the state’s general fund. The Commission states the balance of the public interest payphone fund is $4,449.46.
The Department of Administrative Services states this bill makes several changes to agency reporting and final statewide reporting of certain state dedicated funds. The Department states any changes in its current reporting procedures of dedicated funds as a result of this bill would be absorbed in its current budget.