Text to be removed highlighted in red.
1 New Section; County Commissioners; Unincorporated Towns and Unorganized Places; Surplus Revenues. Amend RSA 28 by inserting after section 7-d the following new section:
28:7-e Unincorporated Towns and Unorganized Places; Transfer of Certain Surplus Revenues. If an unincorporated town or unorganized place has no resident children requiring education money to be raised from local taxation under RSA 28:7-d, the county commissioners may transfer all or a portion of the undesignated/unassigned fund balance which is in excess of 20 percent of the prior fiscal year's budget for such unincorporated town or unorganized place and is remaining on hand at the end of the fiscal year, including any remaining unallocated funds from yield taxes under RSA 79:14 and payments pursuant to a renewable generation facility agreement under RSA 72:74, to the county. All such sums transfered to the county shall be available only for capital expenditures and may only be expended by a 3/5 vote of the county delegation.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 New Section; County Commissioners; Unincorporated Towns and Unorganized Places; Surplus Revenues. Amend RSA 28 by inserting after section 7-d the following new section:
28:7-e Unincorporated Towns and Unorganized Places; Transfer of Certain Surplus Revenues. If an unincorporated town or unorganized place has no resident children requiring education money to be raised from local taxation under RSA 28:7-d, the county commissioners may transfer all or a portion of the undesignated/unassigned fund balance which is in excess of 20 percent of the prior fiscal year's budget for such unincorporated town or unorganized place and is remaining on hand at the end of the fiscal year, including any remaining unallocated funds from yield taxes under RSA 79:14 and payments pursuant to a renewable generation facility agreement under RSA 72:74, to the county. All such sums transfered to the county shall be available only for capital expenditures and may only be expended by a 3/5 vote of the county delegation.
2 Effective Date. This act shall take effect 60 days after its passage.