HB 1228-FN-A - AS INTRODUCED
2016 SESSION
\t16-2133
\t05/09
HOUSE BILL\t1228-FN-A
AN ACT\trequiring the payment of an amount paid to redeem real property and making an appropriation therefor.
SPONSORS:\tRep. Brewster, Merr. 21
COMMITTEE:\tFinance
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ANALYSIS
\tThis bill provides an appropriation to Joseph Haas as payment to redeem real property.
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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\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2133
\t05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trequiring the payment of an amount paid to redeem real property and making an appropriation therefor.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Payment of an Amount Paid to Redeem Real Property; Appropriation to Joseph Haas. For the purpose of redeeming real property erroneously taken from Joseph Haas in 1993, the amount of $52,500 is appropriated to Joseph Haas for the fiscal year ending June 30, 2017. The amount shall be appropriated from the performance bond maintained by the state pursuant to RSA 93-B.
\t2 Effective Date. This act shall take effect July 1, 2016.
\t\t\t\t\t\t\t\t\t\t\t16-2133
\t\t\t\t\t\t\t\t\t\t\t11/4/15
1228-FN-A - FISCAL NOTE
AN ACT\trequiring the payment of an amount paid to redeem real property and making an appropriation therefor.
FISCAL IMPACT:
The Department of Administrative Services states this bill, as introduced, will increase state expenditures by $52,500 in FY 2017. There will be no fiscal impact on state, county, and local revenue or county and local expenditures.
This bill appropriates $52,500 in state general funds from the performance bond maintained by the state, pursuant to RSA 93-B, for the fiscal year ending June 30, 2017, to Joseph Hass for the purposes of this act.
METHODOLOGY:
The Department of Administrative Services states this bill requires the payment of $52,500 to Joseph Hass for the fiscal year ending June 30, 2017. The amount shall be appropriated from the performance bond maintained by the state pursuant to RSA 93-B. The Department states the bond maintained by the State provides for first party coverage, payable only to the State, for certain financial losses to the State. The Department states this bill suggests Joseph Hass lost property and not the state. Therefore, Joseph Hass would not qualify as a covered loss under the terms of the bond established in 1993. The Department states the terms of the bond cannot be retroactively altered via legislation.