Bill Details - HB110 (2019)

HB 110-FN-A - AS INTRODUCED

 

 

2019 SESSION

19-0020

10/08

 

HOUSE BILL 110-FN-A

 

AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.

 

SPONSORS: Rep. Rogers, Merr. 28

 

COMMITTEE: Executive Departments and Administration

 

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ANALYSIS

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0020

10/08

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.

 

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

 

1  New Paragraph; Retirement System; Administration; Cost of Assessment of Proposed Legislation.  Amend RSA 100-A:14 by inserting after paragraph XIII the following new paragraph:

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.

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

 

LBAO

19-0020

10/25/18

 

HB 110-FN-A- FISCAL NOTE

AS INTRODUCED

 

AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.

 

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

 

 

 

Estimated Increase / (Decrease)

STATE:

FY 2020

FY 2021

FY 2022

FY 2023

   Appropriation

Indeterminable

Indeterminable

Indeterminable

Indeterminable

   Revenue

$0

$0

$0

$0

   Expenditures

Indeterminable Increase

Indeterminable Increase

Indeterminable Increase

Indeterminable Increase

Funding Source:

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

 

METHODOLOGY:

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.

 

AGENCIES CONTACTED:

New Hampshire Retirement System

 

Docket

Date Status
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

Action Dates

Date Body Type
Jan. 9, 2019 House Hearing
Jan. 24, 2019 House Exec Session
House Floor Vote
Feb. 14, 2019 House Floor Vote
March 13, 2019 House Exec Session
March 19, 2019 House Floor Vote

Bill Text Revisions

HB110 Revision: 4438 Date: Dec. 26, 2018, 1:38 p.m.