HB 654 - AS AMENDED BY THE HOUSE
HOUSE BILL 654
SPONSORS: Rep. Butler, Carr. 7
COMMITTEE: Commerce and Consumer Affairs
This bill grants discretion to the housing finance authority to require bonds, bond equivalents, or any other surety to assure performance on contracts awarded.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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... 0939h 19-0796
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:
204-C:10 Bonds by Certain Mortgagors. On all construction loans for the construction or rehabilitation of 11 or more dwelling units, as defined by the authority pursuant to adopted rules, the authority shall require bonds to be furnished by the mortgagor, [or] an equivalent escrow or letter of credit arrangement supervised by the authority, or any other surety sufficient, to assure performance by the contractor party to the contracts awarded to carry on such work, and to assure payment out of the construction loan funds for all labor and materials for which claimants would be able to claim a mechanic's lien pursuant to RSA 447.
204-C:11 Area of Operation; Sole Statewide Public Housing Agency. The area of operation of the authority shall be the entire state. The authority is a public housing agency as defined in the United States Housing Act of 1937. The authority is the only statewide public housing agency and is the sole entity authorized in New Hampshire to undertake any statewide contract administration for section 8 project housing assistance contracts issued under the United States Housing Act of 1937. The authority may subcontract such work to any other entities it determines, in its sole judgment, to be qualified to perform the work.
|Jan. 3, 2019||Introduced 01/03/2019 and referred to Commerce and Consumer Affairs HJ 3 P. 23|
|Feb. 12, 2019||Public Hearing: 02/12/2019 10:15 am LOB 302|
|Feb. 21, 2019||Subcommittee Work Session: 02/21/2019 10:30 am LOB 304|
|Feb. 21, 2019||==RECESSED== Executive Session: 02/21/2019 02:00 pm LOB 302|
|March 5, 2019||Subcommittee Work Session: 03/05/2019 02:30 pm LOB 302|
|March 8, 2019||==CONTINUED== Executive Session: 03/08/2019 01:30 pm LOB 302-304|
|March 19, 2019||Majority Committee Report: Ought to Pass with Amendment # 2019-0939h for 03/19/2019 (Vote 18-2; RC) HC 16 P. 21|
|Majority Committee Report: Ought to Pass with Amendment # 2019-0939h (Vote 18-2; RC)|
|Minority Committee Report: Inexpedient to Legislate|
|March 19, 2019||Amendment # 2019-0939h: AA VV 03/19/2019|
|March 19, 2019||Ought to Pass with Amendment 2019-0939h: MA VV 03/19/2019|
|Feb. 12, 2019||House||Hearing|
|Feb. 21, 2019||House||Exec Session|
|March 8, 2019||House||Exec Session|
|March 19, 2019||House||Floor Vote|