HB251 (2017) Detail

(New Title) relative to capital reserve fund appropriations by municipalities.


CHAPTER 127

HB 251 - FINAL VERSION

 

15Feb2017... 0231h

20Apr2017... 1573-EBA

2017 SESSION

17-0517

06/10

 

HOUSE BILL 251

 

AN ACT relative to capital reserve fund appropriations by municipalities.

 

SPONSORS: Rep. Sterling, Ches. 14

 

COMMITTEE: Municipal and County Government

 

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AMENDED ANALYSIS

 

This bill permits certain amounts to be paid into a capital reserve fund under a special warrant article.

 

This bill is a request of the department of revenue 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15Feb2017... 0231h

20Apr2017... 1573-EBA 17-0517

06/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT relative to capital reserve fund appropriations by municipalities.

 

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

 

127:1  Capital Reserve Funds of Towns and Districts; Payments into Fund.  Amend RSA 35:5 to read as follows:

35:5  Payments Into Fund.  There may be paid into any such capital reserve fund, except as provided in RSA 35:7, such amounts as may from time to time be raised and appropriated therefor under a special warrant article, from any source other than money given to the town, district, or county for charitable purposes.  Such amounts shall be within the limits as provided in RSA 35:8, and any such town, district, or county may also vote to transfer to said fund, under a [proper] special warrant article [in the warrant] in the case of a town or district, any of its unencumbered surplus funds remaining on hand at the end of any fiscal year.

127:2  Capital Reserve Funds of Towns and Districts; Appropriation.  Amend RSA 35:12 to read as follows:

35:12  Appropriation.  Whenever the vote of the town is to appropriate any sum for the capital reserve fund pursuant to RSA 35:5, the same duties shall devolve upon the town clerk, selectmen, and town treasurer, as specified in RSA 35:11, except that the order must be drawn, and the sum transferred on or before December 15 following the vote, or, in the case of an optional fiscal year town, after July 1, but no later than June 15, of the fiscal year for which the sum was appropriated.

127:3  New Paragraph; Municipal Budget Law; Lapse of Appropriation.  Amend RSA 32:7 by inserting after paragraph II the following new paragraph:

II-a.  The amount is appropriated to a capital reserve fund pursuant to RSA 35:5.

127:4  Municipal Budget Law; Transfer of Appropriation.  Amend RSA 32:10, I (d) to read as follows:

(d)  Any amount appropriated at the meeting under a special warrant article, or to a capital reserve fund pursuant to RSA 35:5, may be used only for the purpose specified in that article and shall not be transferred.

127:5  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: June 16, 2017

Effective Date: August 15, 2017

Links

HB251 at GenCourtMobile

Action Dates

Date Body Type
Jan. 17, 2017 House Hearing
Feb. 1, 2017 House Exec Session
Feb. 15, 2017 House Floor Vote
March 22, 2017 Senate Hearing
April 20, 2017 Senate Floor Vote

Bill Text Revisions

HB251 Revision: 528 Date: June 19, 2017, 10:33 a.m.
HB251 Revision: 529 Date: May 3, 2017, 4:22 p.m.
HB251 Revision: 530 Date: March 30, 2017, 8:11 a.m.
HB251 Revision: 531 Date: Jan. 30, 2017, 11:27 a.m.

Docket

Date Status
Jan. 4, 2017 Introduced 01/04/2017 and referred to Municipal and County Government HJ 2 P. 22
Jan. 17, 2017 Public Hearing: 01/17/2017 01:30 PM LOB 301
Jan. 26, 2017 ==RECESSED== Subcommittee Work Session: 01/26/2017 02:30 PM LOB 301
Jan. 31, 2017 ==CONTINUED== Subcommittee Work Session: 01/31/2017 09:45 AM LOB 301
Feb. 1, 2017 Executive Session: 02/01/2017 LOB 301
Feb. 15, 2017 Committee Report: Ought to Pass with Amendment # 2017-0231h for 02/15/2017 (Vote 13-0; CC) HC 11 P. 13
Feb. 15, 2017 Amendment # 2017-0231h: AA VV 02/15/2017 HJ 7 P. 18
Feb. 15, 2017 Ought to Pass with Amendment 0231h: MA VV 02/15/2017 HJ 7 P. 18
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, 09:45 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 Bill Amendment # 2017-1573e Adopted, VV, (In recess of 04/27/2017); SJ 16
April 20, 2017 Enrolled Bill Amendment # 2017-1573e: AA VV 04/20/2017 HJ 14 P. 26
May 11, 2017 Enrolled (In recess 05/11/2017); SJ 17
May 4, 2017 Enrolled 05/04/2017 HJ 15 P. 48
June 16, 2017 Signed by Governor Sununu 06/16/2017; Chapter 127; Eff. 8/15/2017