SB72 (2017) Detail

(New Title) establishing a committee to study certain investments by municipalities.


CHAPTER 37

SB 72 - FINAL VERSION

 

03/09/2017   0574s

2017 SESSION

17-0776

08/03

 

SENATE BILL 72

 

AN ACT establishing a committee to study certain investments by municipalities.

 

SPONSORS: Sen. D'Allesandro, Dist 20; Sen. Hennessey, Dist 5

 

COMMITTEE: Public and Municipal Affairs

 

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AMENDED ANALYSIS

 

This bill establishes a committee to study certain investments by municipalities.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/09/2017   0574s 17-0776

08/03

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT establishing a committee to study certain investments by municipalities.

 

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

 

37:1  Committee Established.  There is established a committee to study certain investments by municipalities.

37:2  Membership and Compensation.

I.  The members of the committee shall be as follows:

(a)  Two members of the senate, one from the senate finance committee and one from the public and municipal affairs committee, appointed by the president of the senate.

(b)  Three members of the house of representatives, one of whom shall be from the house finance committee and one of whom shall be from the house ways and means committee, appointed by the speaker of the house of representatives.

II.  Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

37:3  Duties.  The committee's study shall include, but not be limited to:

I.  Allowing town treasurers to deposit money into certificates of deposit offered through the public deposit investment pool.

II.  Permitting municipalities to invest in a development finance institution.

37:4  Chairperson; Quorum.  The members of the study committee shall elect a chairperson from among the members.  The first meeting of the committee shall be called by the first-named senate member.  The first meeting of the committee shall be held within 60 days of the effective date of this section.  Two members of the committee shall constitute a quorum.

37:5  Report.  The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before November 1, 2018.

37:6  Effective Date.  This act shall take effect upon its passage.

Approved: May 09, 2017

Effective Date: May 09, 2017

 

Links

SB72 at GenCourtMobile

Action Dates

Date Body Type
Jan. 25, 2017 Senate Hearing
March 9, 2017 Senate Floor Vote
April 4, 2017 House Hearing
April 6, 2017 House Exec Session
April 20, 2017 House Floor Vote

Bill Text Revisions

SB72 Revision: 1418 Date: May 10, 2017, 9:35 a.m.
SB72 Revision: 1419 Date: April 20, 2017, 2:22 p.m.
SB72 Revision: 1420 Date: March 30, 2017, 3:15 p.m.
SB72 Revision: 1421 Date: Jan. 24, 2017, 9:18 a.m.

Docket

Date Status
Jan. 5, 2017 Introduced 01/05/2017 and Referred to Public and Municipal Affairs; SJ 4
Jan. 25, 2017 Hearing: 01/25/2017, Room 102, LOB, 09:00 am; SC 7
March 9, 2017 Committee Report: Ought to Pass with Amendment # 2017-0574s, 03/09/2017; SC 12
March 9, 2017 Committee Amendment # 2017-0574s, AA, VV; 03/09/2017; SJ 8
March 9, 2017 Ought to Pass with Amendment 2017-0574s, MA, VV; OT3rdg; 03/09/2017; SJ 8
March 9, 2017 Introduced 03/09/2017 and referred to Municipal and County Government HJ 10 P. 76
April 4, 2017 Public Hearing: 04/04/2017 10:00 AM LOB 301
April 6, 2017 Executive Session: 04/06/2017 LOB 301
April 20, 2017 Committee Report: Ought to Pass for 04/20/2017 (Vote 16-1; CC) HC 20 P. 6
April 20, 2017 Ought to Pass: MA VV 04/20/2017 HJ 14 P. 8
April 20, 2017 Enrolled 04/20/2017 HJ 14 P. 26
April 27, 2017 Enrolled (In recess 04/27/2017); SJ 16
May 9, 2017 Signed by the Governor on 05/09/2017; Chapter 0037; Effective 05/09/2017