Bill Details - HB403 (2019)

HB 403-LOCAL - AS INTRODUCED

 

 

2019 SESSION

19-0453

06/03

 

HOUSE BILL 403-LOCAL

 

AN ACT authorizing towns to utilize credit unions for town business.

 

SPONSORS: Rep. Steven Smith, Sull. 11; Rep. Aron, Sull. 7; Rep. T. Smith, Hills. 17

 

COMMITTEE: Municipal and County Government

 

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ANALYSIS

 

This bill includes credit unions in the definition of "bank" for the purposes of town trust 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0453

06/03

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT authorizing towns to utilize credit unions for town business.

 

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

 

1  Power and Duties of Towns; Definition of Bank.  Amend RSA 31:38-a, II to read as follows:

II.  "Bank" as used in this section means a savings bank, national bank or trust company in this state, any building and loan association or cooperative bank, incorporated and doing business under the laws of this state [or], any federal savings and loan association located and doing business in this state, or a credit union in this state.

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

Docket

Date Status
Jan. 3, 2019 Introduced 01/03/2019 and referred to Municipal and County Government HJ 3 P. 13
Jan. 22, 2019 Public Hearing: 01/22/2019 01:00 pm LOB 301
Feb. 6, 2019 Executive Session: 02/06/2019 01:00 pm LOB 301
March 7, 2019 Majority Committee Report: Inexpedient to Legislate for 03/07/2019 (Vote 11-8; RC) HC 14 P. 16
Majority Committee Report: Inexpedient to Legislate (Vote 11-8; RC)
Minority Committee Report: Ought to Pass
March 7, 2019 Inexpedient to Legislate: MA VV 03/07/2019

Action Dates

Date Body Type
Jan. 22, 2019 House Hearing
Feb. 6, 2019 House Exec Session
House Floor Vote
March 7, 2019 House Floor Vote

Bill Text Revisions

HB403 Revision: 4652 Date: Jan. 7, 2019, 3:57 p.m.