HB 294-FN-A - AS INTRODUCED
HOUSE BILL 294-FN-A
SPONSORS: Rep. Rogers, Merr. 28; Rep. M. Smith, Straf. 6; Rep. Wallner, Merr. 10; Rep. White, Graf. 13; Rep. Soucy, Merr. 16; Rep. Leishman, Hills. 24; Sen. McGilvray, Dist 16
COMMITTEE: Executive Departments and Administration
This bill requires that the administrative and professional cost of the fiscal analysis of proposed legislation done by the retirement system be reimbursed from general funds not otherwise appropriated.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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:
XIII-a. Notwithstanding the requirements of paragraph XIII, the cost to the retirement system of the actuarial and professional assessment of proposed legislation required by RSA 14:44 shall be initially paid from assets of the retirement system, but shall be submitted to the governor for reimbursement. Not later than 30 days after the adjournment of each legislative session, the governor shall reimburse the retirement system for such costs. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
HB 294-FN-A- FISCAL NOTE
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
[ X ] General [ ] Education [ ] Highway [ ] Other
This bill requires that the administrative and professional cost of the fiscal analysis of proposed legislation done by the New Hampshire Retirement System (NHRS) be reimbursed from general funds not otherwise appropriated. The NHRS states the expenditures associated with this bill are indeterminable. The NHRS is unable to project the number of retirement-related bills that would be filed in a legislative session, the level of complexity, or whether actuarial or professional fees would be required to determine the fiscal impact. Similar costs from prior legislative sessions excluding NHRS staff time or software implementation costs have ranged from $13,000 to $176,000.
New Hampshire Retirement System
|Feb. 7, 2017||House||Hearing|
|Feb. 23, 2017||House||Exec Session|
|March 8, 2017||House||Floor Vote|
|April 5, 2017||Senate||Hearing|
|April 20, 2017||Senate||Floor Vote|
|May 18, 2017||Senate||Floor Vote|
|Jan. 5, 2017||Introduced 01/05/2017 and referred to Executive Departments and Administration HJ 3 P. 7|
|Feb. 7, 2017||Public Hearing: 02/07/2017 10:00 AM LOB 306|
|Feb. 23, 2017||Executive Session: 02/23/2017 02:00 PM LOB 305-307|
|March 8, 2017||Majority Committee Report: Ought to Pass for 03/08/2017 (Vote 12-8; RC)|
|Minority Committee Report: Inexpedient to Legislate|
|March 8, 2017||Ought to Pass: MA RC 213-130 03/08/2017 HJ 9 P. 109|
|March 8, 2017||Rules Suspension to refer to Finance (Rep. Hinch): MF DV 191-152 lacking necessary two-thirds vote 03/08/2017 HJ 9 P. 111|
|March 9, 2017||Introduced 03/09/2017 and Referred to Executive Departments and Administration; SJ 9|
|April 5, 2017||Hearing: 04/05/2017, Room 101, LOB, 09:15 am; SC 17|
|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; Refer to Finance Rule 4-5; 04/20/2017; SJ 14|
|May 18, 2017||Committee Report: Inexpedient to Legislate, 05/18/2017; SC 23|
|May 18, 2017||Inexpedient to Legislate, RC 13Y-9N, MA === BILL KILLED ===; 05/18/2017; SJ 17|