HB 357 - AS AMENDED BY THE HOUSE
HOUSE BILL 357
SPONSORS: Rep. Ladd, Graf. 4
This bill provides that all moneys in the public school infrastructure fund are nonlapsing.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19Mar2019... 0820h 19-0773
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:
II. There is hereby established in the office of the state treasurer the public school infrastructure fund which shall be kept distinct and separate from all other funds and which shall be administered by the department of education. After transferring sufficient funds to the revenue stabilization reserve account to bring the balance of that account to $100,000,000, the state treasurer shall transfer the remainder of the general fund surplus for fiscal year 2017, as determined by the official audit performed pursuant to RSA 21-I:8, II(a), to the fund. Any earnings on fund moneys shall be added to the fund. All moneys in the fund shall be nonlapsing and continually appropriated [for the biennium ending June 30, 2019 and]. Any unexpended or unencumbered balance as of June 30,  2021 shall be transferred to the general fund.
IV. The members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the first-named house member. The first meeting of the commission shall be held within 45 days of the effective date of this section. The commission shall meet at least monthly. The commission shall provide a report on or before [November 1, 2018] June 30, 2021 to the general court with information on fund expenditures for the year, projects begun or completed during the previous year, the balance in the public school infrastructure fund, and any other information the commission deems appropriate.
VII. Section 72 of this act shall take effect July 1,  2021.
|Jan. 2, 2019||Introduced 01/02/2019 and referred to Education HJ 2 P. 46|
|Jan. 17, 2019||Public Hearing: 01/17/2019 01:45 pm LOB 207|
|Jan. 23, 2019||Executive Session: 01/23/2019 10:00 am LOB 207|
|Jan. 31, 2019||Committee Report: Ought to Pass with Amendment # 2019-0005h for 01/31/2019 (Vote 18-0; CC) HC 9 P. 3|
|Committee Report: Ought to Pass with Amendment # 2019-0005h (Vote 18-0; CC)|
|Jan. 31, 2019||Removed from Consent (Rep. Myler) 01/31/2019 HJ 4 P. 2|
|Jan. 31, 2019||Recommit (Rep. Myler): MA VV 01/31/2019 HJ 4 P. 19|
|Feb. 5, 2019||Executive Session: 02/05/2019 10:00 am LOB 207|
|Committee Report: Ought to Pass with Amendment # 2019-0271h (Vote 20-0; CC)|
|Feb. 27, 2019||Committee Report: Ought to Pass with Amendment # 2019-0271h for 02/27/2019 (Vote 20-0; CC) HC 13 P. 5|
|Feb. 27, 2019||Amendment # 2019-0271h: AA VV 02/27/2019|
|Feb. 27, 2019||Ought to Pass with Amendment 2019-0271h: MA VV 02/27/2019|
|Feb. 27, 2019||Referred to Finance 02/27/2019|
|March 1, 2019||Finance Division II Work Session: 03/01/2019 11:30 am LOB 209|
|March 13, 2019||Executive Session: 03/13/2019 10:00 am LOB 210-211|
|Committee Report: Ought to Pass with Amendment # 2019-0820h (Vote 21-0; CC)|
|March 19, 2019||Committee Report: Ought to Pass with Amendment # 2019-0820h for 03/19/2019 (Vote 21-0; CC) HC 16 P. 9|
|March 19, 2019||Amendment # 2019-0820h: AA VV 03/19/2019|
|March 19, 2019||Ought to Pass with Amendment 2019-0820h: MA VV 03/19/2019|
|Jan. 17, 2019||House||Hearing|
|Jan. 23, 2019||House||Exec Session|
|Jan. 31, 2019||House||Floor Vote|
|Feb. 5, 2019||House||Exec Session|
|Feb. 27, 2019||House||Floor Vote|
|March 13, 2019||House||Exec Session|
|March 19, 2019||House||Floor Vote|