SB228 (2017) Detail

Establishing the New Hampshire college graduate retention incentive partnership (NH GRIP).


SB 228-FN-A - AS INTRODUCED

 

 

2017 SESSION

17-0790

04/05

 

SENATE BILL 228-FN-A

 

AN ACT establishing the New Hampshire college graduate retention incentive partnership (NH GRIP).

 

SPONSORS: Sen. Kahn, Dist 10; Sen. Feltes, Dist 15; Sen. Fuller Clark, Dist 21; Sen. Hennessey, Dist 5; Sen. Lasky, Dist 13; Sen. Soucy, Dist 18; Sen. Watters, Dist 4; Sen. Woodburn, Dist 1

 

COMMITTEE: Education

 

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ANALYSIS

 

This bill establishes the New Hampshire college graduate retention incentive partnership (NH GRIP) which provides financial incentives to college graduates who are hired by participating employers and makes an appropriation to the department for that purpose.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17-0790

04/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT establishing the New Hampshire college graduate retention incentive partnership (NH GRIP).

 

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

 

1  New Subdivision; New Hampshire College Graduate Retention Incentive Partnership (NH GRIP).  Amend RSA 12-A by inserting after section 67 the following new subdivision:

New Hampshire College Graduate Retention Incentive Partnership (NH GRIP)

12-A:68  Definitions.  In this subdivision:

I.  "Commissioner" means the commissioner of the department of resources and economic development.

II.  "Department" means the department of resources and economic development.

III.  "Eligible institution of higher education" means any public or private institution of higher education authorized to grant degrees in this state by the higher education commission pursuant to RSA 21-N:8-a.  

IV.  "Graduate" means a student who graduates from an eligible institution of higher education in May 2017 or thereafter.

V.  "Incentive" means a monetary award given each year for 4 years by a participating employer to a graduate which the graduate may elect to be paid to the graduate or to an entity servicing the graduate's student loans.

VI.  "Participating employer" means any person, firm, corporation, partnership, association, the state, any political subdivision of the state, or any other entity which is engaged in a business or in providing services and which employs employees in connection with such business or services who enters into a participating employer agreement to provide an incentive to a graduate.

VII.  "Participating employer agreement" or "agreement" means an agreement prepared jointly by the department of resources and economic development in consultation with the New Hampshire College and University Council and the Business and Industry Association of New Hampshire.

12-A:69  New Hampshire College Graduate Retention Incentive Partnership Established.  There is established the New Hampshire college graduate retention incentive partnership (NH GRIP) which shall be administered by the department.  The purpose of NH GRIP is to recruit and retain graduates from eligible institutions of higher education and provide incentives to those graduates to work in New Hampshire.

12-A:70  Requirements and Procedure.  A graduate, who obtains employment with a participating employer who executes an agreement, shall receive an incentive of $1,000 each year for the first 4 years of the graduate's employment with the participating employer.  The agreement shall be signed by an authorized agent of the participating employer.  The participating employer shall retain a copy of each signed agreement in its files.

12-A:71  Advertising.  The department shall, in cooperation with the Business and Industry Association of New Hampshire, the New Hampshire College and University Council, the New Hampshire Higher Educations Assistance Fund, and the New Hampshire Coalition for Business and Education, advertise to New Hampshire employers and New Hampshire college students the details of NH GRIP, through print and electronic media.  The department shall maintain a list of employers who have a valid participating employer agreement and shall make the list available on the department's public Internet site as well as in writing.

12-A:72  Funding.  For the biennium beginning July 1, 2019, and each biennium thereafter, the commissioner shall include any requests for appropriations related to NH GRIP in the biennial agency budget requests pursuant to RSA 9:4.

2  Appropriation.  The sum of $1 for the fiscal year ending June 30, 2018 and the sum of $1 for the fiscal year ending June 30, 2019, are hereby appropriated to the department of resources and economic development for the purpose of advertising and disseminating information to New Hampshire college students and graduates regarding the New Hampshire college graduate retention and incentive partnership (NH GRIP) established in RSA 12-A:68-72.  The governor is authorized to draw a warrant for said sums out of any money in the treasury not otherwise appropriated.

3  Effective Date.  This act shall take effect July 1, 2017.

 

LBAO

17-0790

Revised 3/3/17

 

SB 228-FN-A- FISCAL NOTE

AS INTRODUCED

 

AN ACT establishing the New Hampshire college graduate retention incentive partnership (NH GRIP).

 

FISCAL IMPACT:      [ X ] State              [    ] County               [    ] Local              [    ] None

 

 

 

Estimated Increase / (Decrease)

STATE:

FY 2018

FY 2019

FY 2020

FY 2021

   Appropriation

$1

$1

$0

$0

   Revenue

$0

$0

$0

$0

   Expenditures

Indeterminable Increase

Indeterminable Increase

Indeterminable Increase

Indeterminable Increase

Funding Source:

  [ X ] General            [    ] Education            [    ] Highway           [    ] Other

 

 

 

 

 

METHODOLOGY:

This bill establishes the New Hampshire Graduate Incentive Partnership (NH GRIP) to be administered by the Department of Resources and Economic Development (DRED).  The program provides $1,000 annually to an individual who graduates from an eligible institution of higher education, located in New Hampshire, for the first four years of the graduate's employment with a participating New Hampshire employer.  The graduate may elect to take the amount as cash, or choose to have the participating employer pay the entity that services the graduate's student loans.  To fund the program, the Commissioner of DRED is required to include any requests for appropriations related to NH GRIP in the biennial agency budget request for the biennium beginning July 1, 2019, and each biennium thereafter.  This bill appropriates $1 in FY 2018 and $1 in FY 2019 in general funds to DRED for the purpose of advertising and disseminating information about NH GRIP.

 

DRED states that to get the program started it would need at least one .25 temporary part-time employee (LG 14) in FY 2018 only, at an estimated cost of approximately $15,000.  Additional supervisory duties would be absorbed within existing resources.  DRED assumes it would need to create a reporting mechanism to verify the employer is complying with the agreement and also to verify the number of students and interest in the program.  DRED states an aggressive startup campaign with sustained marketing throughout the life of the program would be needed.  DRED estimates costs related to office establishment and support, website design, publications and marketing efforts would be $15,000 in FY 2018 and each year thereafter.

 

DRED is unable to estimate the number of businesses or graduates that would participate in the program to determine how much money it would need to include in its future budget requests.  

 

AGENCIES CONTACTED:

Department of Resources and Economic Development

 

 

Links

SB228 at GenCourtMobile

Action Dates

Date Body Type
Feb. 14, 2017 Senate Hearing
Feb. 23, 2017 Senate Floor Vote
March 16, 2017 Senate Floor Vote

Bill Text Revisions

SB228 Revision: 1609 Date: March 3, 2017, 10:34 a.m.

Docket

Date Status
Jan. 19, 2017 Introduced 01/19/2017 and Referred to Education; SJ 5
Feb. 14, 2017 Hearing: 02/14/2017, Room 103, LOB, 09:30 am; SC 10
Feb. 23, 2017 Committee Report: Ought to Pass, 02/23/2017; SC 11
Feb. 23, 2017 Ought to Pass: MA, VV; Refer to Finance Rule 4-5; 02/23/2017; SJ 7
March 16, 2017 Committee Report: Ought to Pass, 03/16/2017; SC 14
March 16, 2017 Ought to Pass: MA, VV; 03/16/2017; SJ 9
March 16, 2017 Sen. Daniels Moved Laid on Table, MA, VV; 03/16/2017; SJ 9
March 16, 2017 Pending Motion OT3rdg; 03/16/2017; SJ 9
Inexpedient to Legislate, Adjournment, Senate Rule 3-23; SJ 1
June 22, 2017 Inexpedient to Legislate, Senate Rule 3-23, Adjournment 06/22/2017; SJ 1