Bill Text - HB341 (2013)

Relative to the cost of fiscal analysis of legislation relating to the retirement system.


Revision: Jan. 17, 2013, midnight

HB 341-FN – AS INTRODUCED

2013 SESSION

13-0765

10/03

HOUSE BILL 341-FN

AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.

SPONSORS: Rep. K. Rogers, Merr 28; Sen. Soucy, Dist 18

COMMITTEE: Finance

ANALYSIS

This bill requires that the administrative and professional cost of the fiscal analysis of proposed legislation done by the retirement system not be paid from retirement system assets or charged as an expense of administration.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

13-0765

10/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Thirteen

AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.

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

1 New Paragraph; Retirement System; Administration; Cost of Assessment of Proposed Legislation. Amend RSA 100-A:14 by inserting after paragraph XIII the following new paragraph:

XIII-a. Notwithstanding the requirements of paragraph V and paragraph XIII, the cost to the retirement system of the actuarial and professional assessment of proposed legislation required by RSA 14:44 shall not be paid from assets of the retirement system or charged as expenses of administration.

2 Effective Date. This act shall take effect 60 days after its passage.

LBAO

13-0765

01/15/13

HB 341-FN - FISCAL NOTE

AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.

FISCAL IMPACT:

    Due to time constraints, the Office of Legislative Budget Assistant is unable to provide a fiscal note for this bill, as introduced, at this time. When completed, the fiscal note will be forwarded to the House Clerk's Office.