HB 142-FN-A - AS INTRODUCED
HOUSE BILL 142-FN-A
SPONSORS: Rep. Cushing, Rock. 21; Rep. Edgar, Rock. 21; Rep. Emerick, Rock. 21; Rep. R. Tilton, Rock. 37; Rep. Bean, Rock. 21; Sen. Fuller Clark, Dist 21; Sen. Innis, Dist 24
COMMITTEE: Public Works and Highways
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Appropriation; Department of Administrative Services; Construction of Tenth Circuit District Court Facility in Hampton. The sum of $3,500,000 is hereby appropriated to the department of administrative services for the biennium ending June 30, 2019, for the purpose of paying construction costs for a new tenth circuit district court facility to be built on state-owned land off Timber Swamp Road in Hampton.
2 Bonds Authorized. To provide funds for the appropriation made in section 1 of this act, the state treasurer is hereby authorized to borrow upon the credit of the state not exceeding the sum of $3,500,000 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A. Payments of principal and interest of the bonds and notes shall be made from the general fund of the state.
HB 142-FN-A- FISCAL NOTE
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
[ X ] General [ ] Education [ ] Highway [ ] Other
This bill makes a capital appropriation of $3.5 million to the Department of Administrative Services for the biennium ending June 30, 2019 for the purpose of constructing a new Tenth Circuit District Court Facility in Hampton. The bill authorizes the State Treasurer to issue general obligation bonds pursuant to RSA 6-A with principal and interest payments made from the State general fund. The Treasury assumes the total appropriation would be spent during the biennium ending June 30, 2019 and included in the bond issue in FY 2018. The Treasury further assumes:
Based on these assumptions, the debt service payments would $87,500 in FY 2018, $379,750 in FY 2019, $369,250 in FY 2020, and $358,750 in FY 2021.
State Treasury and the Department of Administrative Services
|Jan. 17, 2017||House||Hearing|
|Jan. 25, 2017||House||Exec Session|
|Feb. 2, 2017||House||Floor Vote|
|Jan. 4, 2017||Introduced 01/04/2017 and referred to Public Works and Highways HJ 2 P. 18|
|Jan. 17, 2017||Public Hearing: 01/17/2017 10:00 AM LOB 201|
|Jan. 25, 2017||Executive Session: 01/25/2017 LOB 201|
|Feb. 2, 2017||Committee Report: Inexpedient to Legislate for 02/02/2017 (Vote 18-1; CC) HC 9 P. 6|
|Feb. 2, 2017||Inexpedient to Legislate: MA VV 02/02/2017 HJ 5 P. 6|