HB 1180-LOCAL - AS INTRODUCED
2016 SESSION
\t16-2013
\t06/05
HOUSE BILL\t1180-LOCAL
AN ACT\trelative to the authority of towns to issue bonds for the expansion of Internet service.
SPONSORS:\tRep. Leishman, Hills. 24; Rep. Ratzki, Merr. 1; Rep. Eaton, Ches. 3; Rep. Buco, Carr. 2; Rep. Ford, Graf. 3; Rep. L. Ober, Hills. 37; Rep. Umberger, Carr. 2; Rep. Murotake, Hills. 32
COMMITTEE:\tMunicipal and County Government
-----------------------------------------------------------------
ANALYSIS
\tThis bill permits municipalities to issue bonds for the purpose of providing or expanding Internet service.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2013
\t06/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trelative to the authority of towns to issue bonds for the expansion of Internet service.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Municipal Finance; Purpose of Issue of Bonds or Notes. Amend RSA 33:3 to read as follows:
\t33:3 Purpose of Issue of Bonds or Notes. A municipality or county may issue its bonds or notes for the acquisition of land, for planning relative to public facilities, for the construction, reconstruction, alteration, and enlargement or purchase of public buildings, for other public works or improvements of a permanent nature including broadband infrastructure as defined in RSA 38:38, I(e), [to be purchased or constructed in areas not served by an existing broadband carrier or provider,] for the purchase of departmental equipment of a lasting character, for the payment of judgments, and for purposes of economic development which shall include public-private partnerships involving capital improvements, loans, and guarantees. The public benefit in any public-private partnership must outweigh any benefit accruing to a private party. Bonds or notes for the purposes of economic development may be issued only after the governing body of the municipality or county has held hearings and presented the public benefit findings to the public and after such issuance has been approved by the legislative body. A municipality or county shall not issue bonds or notes to provide for the payment of expenses for current maintenance and operation except as otherwise specifically provided by law.
\t2 Definitions; Revenue-Producing Facilities. Amend RSA 33-B:1, VI to read as follows:
\t\tVI. "Revenue-producing facilities'' means water works, broadband infrastructure as defined in RSA 38:38, I(e), [purchased or constructed in areas not served by an existing broadband carrier or provider,] sewerage systems, sewage treatment or disposal facilities, solid waste disposal or resource recovery facilities, parking facilities, facilities for the production, generation, transmission, or distribution of electricity or gas, any other real or personal property or interests in a municipality or regional water district owned or controlled by the municipality or regional water district, from the operation of which revenues are or are expected to be derived by the municipality, or regional water district, and qualifying energy conservation and clean energy improvements for which a municipality provides financing pursuant to RSA 53-F.
\t3 Effective Date. This act shall take effect 60 days after its passage.