HB 1662-FN – AS INTRODUCED
2012 SESSION
01/03
HOUSE BILL 1662-FN
AN ACT relative to preparation of fiscal notes.
SPONSORS: Rep. C. McGuire, Merr 8; Rep. Bettencourt, Rock 4; Rep. Weyler, Rock 8
COMMITTEE: Legislative Administration
This bill requires the preparation of a fiscal note to include a narrative stating the costs and benefits to the citizens and businesses of the state.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2278
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to preparation of fiscal notes.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Preparation of Fiscal Notes. Amend RSA 14:46, III(b) and (c) to read as follows:
(b) Whether or not there is a federal mandate for a proposed program; [and]
(c) The impact on debt service for any bill which proposes additional bonded debt for capital projects including:
(1) The amount of all outstanding general fund bonded indebtedness on behalf of and incurred by the state during the last completed fiscal year; and
(2) A debt retirement schedule for all outstanding general fund bonded indebtedness including the bill’s bonded indebtedness for the following 2 bienniums; and
(d) A narrative stating the costs and benefits to the citizens and businesses of the state.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
12-2278
12/28/11
HB 1662-FN - FISCAL NOTE
AN ACT relative to preparation of fiscal notes.
FISCAL IMPACT:
The Department of Administrative Services state this bill may increase state expenditures by an indeterminable amount in FY 2012 and each year thereafter. There will be no impact on state revenues, or county and local revenues or expenditures.
METHODOLOGY:
The Department of Administrative Services states this bill would require that fiscal notes include a narrative stating costs and benefits to citizens and businesses of the state. The Department states it is unable to estimate the fiscal impact of the additional requirement but assumes it would increase the amount of time devoted by executive agencies, as well as the legislative and judicial branches, in gathering and providing information to the Office of Legislative Budget Assistant for purposes of preparing fiscal notes.
The Office of Legislative Budget Assistant states the additional responsibilities required under this bill could be absorbed within its existing staff and budget.