HB 110-FN-A - AS INTRODUCED
HOUSE BILL 110-FN-A
SPONSORS: Rep. Rogers, Merr. 28
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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 Nineteen
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 110-FN-A- FISCAL NOTE
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
[ X ] General [ ] Education [ ] Highway [ ] Other
This bill requires 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 the past two fiscal years (FY 2017 and FY 2018), excluding NHRS staff time or software implementation costs, have ranged from approximately $22,000 to $47,000.
New Hampshire Retirement System
|Jan. 2, 2019||Introduced 01/02/2019 and referred to Executive Departments and Administration HJ 2 P. 38|
|Jan. 9, 2019||Public Hearing: 01/09/2019 01:00 pm LOB306|
|Jan. 24, 2019||Executive Session: 01/24/2019 02:00 pm LOB 306|
|Feb. 14, 2019||Committee Report: Ought to Pass for 02/14/2019 (Vote 18-0; RC) HC 11 P. 14|
|Committee Report: Ought to Pass (Vote 18-0; CC)|
|Feb. 14, 2019||Ought to Pass: MA VV 02/14/2019 HJ 5 P. 35|
|Feb. 14, 2019||Referred to Finance 02/14/2019 HJ 5 P. 35|
|Feb. 20, 2019||Finance-Division I Work Session: 02/20/2019 10:00 am LOB 212|
|March 13, 2019||Executive Session: 03/13/2019 10:00 am LOB 210-211|
|March 19, 2019||Committee Report: Ought to Pass for 03/19/2019 (Vote 20-0; RC) HC 16 P. 27|
|Committee Report: Ought to Pass (Vote 20-0; RC)|
|March 19, 2019||Ought to Pass: MA VV 03/19/2019|
|Jan. 9, 2019||House||Hearing|
|Jan. 24, 2019||House||Exec Session|
|Feb. 14, 2019||House||Floor Vote|
|March 13, 2019||House||Exec Session|
|March 19, 2019||House||Floor Vote|