CHAPTER 115
HB 134 – FINAL VERSION
03/28/13 1076s
2013 SESSION
06/04
HOUSE BILL 134
AN ACT relative to contingency funds in towns.
SPONSORS: Rep. J. Belanger, Hills 27; Rep. Gargasz, Hills 27
COMMITTEE: Municipal and County Government
This bill permits towns to establish contingency funds for unanticipated expenses and to make expenditures from such 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/28/13 1076s
13-0277
06/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT relative to contingency funds in towns.
Be it Enacted by the Senate and House of Representatives in General Court convened:
115:1 New Paragraph; Municipal Budget Law; Emergency Expenditures and Over Expenditures. Amend RSA 32:11 by inserting after paragraph IV the following new paragraph:
V. Notwithstanding paragraphs I through IV, if the legislative body has by warrant article established a contingency fund in the annual budget for the purpose of unanticipated expenses, the board of selectmen may expend funds from such account to meet the costs of such expenses.
115:2 New Section; Powers and Duties of Towns; Contingency Fund. Amend RSA 31 by inserting after section 98 the following new section:
31:98-a Contingency Fund. Every town annually by an article in the warrant may establish a contingency fund to meet the cost of unanticipated expenses that may arise during the year. Such fund shall not exceed one per cent of the amount appropriated by the town for town purposes during the preceding year excluding capital expenditures and the amortization of debt. A detailed report of all expenditures from the contingency fund shall be made annually by the selectmen and published with their report.
115:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 25, 2013
Effective Date: August 24, 2013