HB172 (2017) Detail

Relative to tax anticipation notes in counties.


CHAPTER 30

HB 172 - FINAL VERSION

 

 

2017 SESSION

17-0302

10/06

 

HOUSE BILL 172

 

AN ACT relative to tax anticipation notes in counties.

 

SPONSORS: Rep. F. McCarthy, Carr. 2; Rep. Cordelli, Carr. 4; Rep. Chandler, Carr. 1; Rep. Avellani, Carr. 5; Rep. Comeau, Carr. 5; Rep. Buco, Carr. 2; Rep. McConkey, Carr. 3; Rep. S. Schmidt, Carr. 6; Rep. Theberge, Coos 3

 

COMMITTEE: Municipal and County Government

 

-----------------------------------------------------------------

 

ANALYSIS

 

This bill allows for the issuance of tax anticipation notes by the county treasurer upon order of the commissioners and with the approval of the county convention.

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17-0302

10/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT relative to tax anticipation notes in counties.

 

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

 

30:1  New Section; Counties; Tax Anticipation Notes.  Amend RSA 29 by inserting after section 8-a the following new section:

29:8-b  Tax Anticipation Notes.  The county treasurer, upon order of the commissioners and with the approval of the county convention as required in RSA 29:8, may incur debt in anticipation of the receipt of taxes for the financial year in which the debt is incurred.  Such funds may be used to pay maintenance and operating expenses incurred during the current financial year.  In this section, maintenance and operating expenses shall include all appropriations approved by the county convention for the current financial year.  Tax anticipation notes may be issued therefor to an aggregate principal amount not exceeding 80 percent of the total appropriations approved by the county convention for the preceding financial year.  All notes issued under the authority of this section shall be general obligation and shall be payable not later than the final day of the applicable budget year.

30:2  Effective Date.  This act shall take effect 60 days after its passage.

Approved: May 09, 2017

Effective Date: July 08, 2017

 

Links

HB172 at GenCourtMobile

Action Dates

Date Body Type
Jan. 11, 2017 House Hearing
Jan. 25, 2017 House Exec Session
Feb. 9, 2017 House Floor Vote
March 22, 2017 Senate Hearing
April 20, 2017 Senate Floor Vote

Bill Text Revisions

HB172 Revision: 451 Date: May 10, 2017, 8:53 a.m.
HB172 Revision: 452 Date: April 20, 2017, 11:32 a.m.
HB172 Revision: 453 Date: Jan. 30, 2017, 12:35 p.m.

Docket

Date Status
Jan. 4, 2017 Introduced 01/04/2017 and referred to Municipal and County Government HJ 2 P. 19
Jan. 11, 2017 Public Hearing: 01/11/2017 01:00 PM LOB 301
Jan. 24, 2017 ==CANCELLED== Executive Session: 01/24/2017 01:00 PM LOB 301
Jan. 25, 2017 ==CANCELLED== Executive Session: 01/25/2017 01:00 PM LOB 301
Jan. 25, 2017 ==RESCHEDULED== Executive Session: 01/25/2017 01:00 PM LOB 304
Feb. 9, 2017 Committee Report: Ought to Pass for 02/09/2017 (Vote 15-0; CC) HC 10 P. 5
Feb. 9, 2017 Ought to Pass: MA VV 02/09/2017 HJ 6 P. 5
Feb. 16, 2017 Introduced 02/16/2017 and Referred to Public and Municipal Affairs; SJ 7
March 22, 2017 Hearing: 03/22/2017, Room 102, LOB, 09:30 am; SC 15
April 20, 2017 Committee Report: Ought to Pass, 04/20/2017; Vote 5-0; CC; SC 19
April 20, 2017 Ought to Pass: MA, VV; OT3rdg; 04/20/2017; SJ 14
April 27, 2017 Enrolled (In recess 04/27/2017); SJ 16
April 20, 2017 Enrolled 04/20/2017 HJ 14 P. 26
May 9, 2017 Signed by Governor Sununu 05/09/2017; Chapter 30; Eff. 7/8/2017