HB 1211 - AS INTRODUCED
2020 SESSION
20-2354
06/04
HOUSE BILL 1211
AN ACT relative to a capital reserve fund in towns under the control of the budget committee.
SPONSORS: Rep. Abramson, Rock. 20; Rep. Fowler, Rock. 20
COMMITTEE: Municipal and County Government
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ANALYSIS
This bill permits a town or school district to establish a capital reserve fund which may only be expended by a 2/3 vote of the budget committee.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
20-2354
06/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty
AN ACT relative to a capital reserve fund in towns under the control of the budget committee.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Capital Reserve Fund; Towns with Municipal Budget Committee. Amend RSA 35 by inserting after section 35:1-c the following new section:
35:1-d Capital Reserve Fund in Towns with a Municipal Budget Committee. The governing body of a town or school district with an elected municipal budget committee may establish a capital reserve fund with amounts raised by grants or gifts, or allocated by a warrant article, to be expended only by a 2/3 vote of the municipal budget committee.
2 New Paragraph; Municipal Budget Law; Duties and Authority of the Budget Committee. Amend RSA 32:16 by inserting after paragraph IV the following new paragraph:
V. In the case of an elected budget committee, to oversee a capital reserve fund established under RSA 35:1-d and, upon request of the town or school district, expend the funds, by a 2/3 vote, and set the conditions under which the funds are expended.
3 Effective Date. This act shall take effect 60 days after its passage.
| Date | Body | Type |
|---|---|---|
| Feb. 25, 2020 | House | Hearing |
| March 3, 2020 | House | Exec Session |
| House | Floor Vote | |
| March 11, 2020 | House | Floor Vote |
March 12, 2020: Inexpedient to Legislate: MA VV 03/12/2020 HJ 8 P. 173
: Minority Committee Report: Ought to Pass with Amendment # 2020-0991h
March 11, 2020: Majority Committee Report: Inexpedient to Legislate for 03/11/2020 (Vote 17-1; RC) HC 10 P. 68
: Majority Committee Report: Inexpedient to Legislate (Vote 17-1; RC)
March 3, 2020: Executive Session: 03/03/2020 10:00 am LOB 301
Feb. 25, 2020: Public Hearing: 02/25/2020 10:00 am LOB 301
Jan. 8, 2020: Introduced 01/08/2020 and referred to Municipal and County Government HJ 1 P. 13