Bill Text - HB430 (2012)

Establishing a committee to study the feasibility of establishing a state development bank in New Hampshire.


Revision: Jan. 5, 2012, midnight

HB 430 – AS INTRODUCED

2011 SESSION

11-0831

09/03

HOUSE BILL 430

AN ACT establishing a committee to study the feasibility of establishing a state development bank in New Hampshire.

SPONSORS: Rep. Marshall Quandt, Rock 13; Rep. Weyler, Rock 8; Rep. L. Christiansen, HillsĀ 27; Rep. Gorman, Hills 23; Rep. Matt Quandt, Rock 13; Sen. Gallus, Dist 1

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill establishes a committee to study the feasibility of establishing a state development bank in New Hampshire.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11-0831

09/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT establishing a committee to study the feasibility of establishing a state development bank in New Hampshire.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Committee Established. There is established a committee to study the feasibility of establishing a state development bank in New Hampshire.

2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three 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 study the feasibility of establishing a state development bank in New Hampshire. The committee’s study shall include examination of the North Dakota state bank model which has been in existence since 1919.

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. Four 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.

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