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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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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
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 |
June 16, 2017: Signed by Governor Sununu 06/16/2017; Chapter 127; Eff. 8/15/2017
May 4, 2017: Enrolled 05/04/2017 HJ 15 P. 48
May 11, 2017: Enrolled (In recess 05/11/2017); SJ 17
April 20, 2017: Enrolled Bill Amendment # 2017-1573e: AA VV 04/20/2017 HJ 14 P. 26
April 27, 2017: Enrolled Bill Amendment # 2017-1573e Adopted, VV, (In recess of 04/27/2017); SJ 16
April 20, 2017: Ought to Pass: MA, VV; OT3rdg; 04/20/2017; SJ 14
April 20, 2017: Committee Report: Ought to Pass, 04/20/2017; Vote 5-0; CC; SC 19
March 22, 2017: Hearing: 03/22/2017, Room 102, LOB, 09:45 am; SC 15
Feb. 16, 2017: Introduced 02/16/2017 and Referred to Public and Municipal Affairs; SJ 7
Feb. 15, 2017: Ought to Pass with Amendment 0231h: MA VV 02/15/2017 HJ 7 P. 18
Feb. 15, 2017: Amendment # 2017-0231h: AA VV 02/15/2017 HJ 7 P. 18
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. 1, 2017: Executive Session: 02/01/2017 LOB 301
Jan. 31, 2017: ==CONTINUED== Subcommittee Work Session: 01/31/2017 09:45 AM LOB 301
Jan. 26, 2017: ==RECESSED== Subcommittee Work Session: 01/26/2017 02:30 PM LOB 301
Jan. 17, 2017: Public Hearing: 01/17/2017 01:30 PM LOB 301
Jan. 4, 2017: Introduced 01/04/2017 and referred to Municipal and County Government HJ 2 P. 22