HB1593 (2018) Detail

Authorizing a school district meeting to adopt an article authorizing the trustees of the trust fund to charge certain expenses against capital reserve funds.


CHAPTER 191

HB 1593 - FINAL VERSION

 

26Apr2018... 1653-EBA

2018 SESSION

18-2380

06/10

 

HOUSE BILL 1593

 

AN ACT authorizing a school district meeting to adopt an article authorizing the trustees of  trust funds to charge certain expenses against capital reserve funds.

 

SPONSORS: Rep. Hoelzel, Rock. 3; Rep. Matthews, Rock. 3

 

COMMITTEE: Education

 

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ANALYSIS

 

This bill permits a school district meeting to adopt an article authorizing the trustees of trust funds to charge expenses incurred in employing trust departments of certain financial institutions against capital reserve funds.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

26Apr2018... 1653-EBA 18-2380

06/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT authorizing a school district meeting to adopt an article authorizing the trustees of  trust funds to charge certain expenses against capital reserve funds.

 

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

 

191:1  New Paragraph; Capital Reserve Funds; Professional Banking or Brokerage Assistance.  Amend RSA 35:9-a by inserting after paragraph II the following new paragraph:

III.  The school district meeting may adopt an article authorizing the trustees of trust funds, without further action of the school district meeting, to charge any expenses incurred pursuant to paragraph I against the capital reserve funds involved.  Such authority shall remain in effect until rescinded by a vote of the school district meeting.  No vote by the school district meeting to rescind such authority shall occur within 5 years of the original adoption of such article.  Any professional banking and brokerage fees incurred shall be reported in the annual report of the trustees of trust funds as expenditures out of capital reserve funds.

191:2  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: June 08, 2018

Effective Date: August 07, 2018

Links

HB1593 at GenCourtMobile

Action Dates

Date Body Type
Jan. 17, 2018 House Hearing
Jan. 25, 2018 House Exec Session
House Floor Vote
Feb. 7, 2018 House Floor Vote
Feb. 27, 2018 House Hearing
April 4, 2018 Senate Hearing
April 12, 2018 Senate Floor Vote

Bill Text Revisions

HB1593 Revision: 4078 Date: June 12, 2018, 10:37 a.m.
HB1593 Revision: 3416 Date: May 1, 2018, 3:52 p.m.
HB1593 Revision: 2162 Date: Nov. 13, 2017, 9:33 a.m.

Docket

Date Status
Jan. 3, 2018 Introduced 01/03/2018 and referred to Education HJ 1 P. 16
Jan. 17, 2018 Public Hearing: 01/17/2018 11:00 AM LOB 207
Jan. 25, 2018 Executive Session: 01/25/2018 10:00 AM LOB 207
Committee Report: Ought to Pass (Vote 20-0; CC)
Feb. 7, 2018 Committee Report: Ought to Pass for 02/07/2018 (Vote 20-0; CC) HC 5 P. 7
Feb. 8, 2018 Ought to Pass: MA VV 02/08/2018 HJ 3 P. 5
Feb. 8, 2018 Referred to Municipal and County Government 02/08/2018 HJ 3 P. 5
Feb. 27, 2018 ==CANCELLED== Public Hearing: 02/27/2018 09:00 AM LOB 301
Referral Waived by Committee Chair per House Rule 46(f)
Feb. 15, 2018 Referral Waived by Committee Chair per House Rule 46(f) 02/15/2018 HJ 4 P. 43
March 8, 2018 Introduced 03/08/2018 and Referred to Public and Municipal Affairs; SJ 7
April 4, 2018 Hearing: 04/04/2018, Room 102, LOB, 09:45 am; SC 14
April 12, 2018 Committee Report: Ought to Pass, 04/12/2018; Vote 5-0; CC SC 16
April 12, 2018 Ought to Pass: MA, VV; OT3rdg; 04/12/2018; SJ 12
April 26, 2018 Enrolled Bill Amendment # 2018-1653e Adopted, VV, (In recess of 04/26/2018); SJ 15
April 26, 2018 Enrolled Bill Amendment # 2018-1653e: AA VV 04/26/2018
May 3, 2018 Enrolled (In recess 05/03/2018); SJ 17
May 3, 2018 Enrolled 05/03/2018
June 8, 2018 Signed by Governor Sununu 06/08/2018; Chapter 191; Eff. 8/7/2018