HB1211 (2020) Detail

Relative to a capital reserve fund in towns under the control of the budget committee.


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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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.

Links

HB1211 at GenCourtMobile
HB1211 Discussion

Action Dates

Date Body Type
Feb. 25, 2020 House Hearing
March 3, 2020 House Exec Session
House Floor Vote
March 11, 2020 House Floor Vote

Bill Text Revisions

HB1211 Revision: 6854 Date: Dec. 2, 2019, 11:41 a.m.

Docket

Date Status
Jan. 8, 2020 Introduced 01/08/2020 and referred to Municipal and County Government HJ 1 P. 13
Feb. 25, 2020 Public Hearing: 02/25/2020 10:00 am LOB 301
March 3, 2020 Executive Session: 03/03/2020 10:00 am LOB 301
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)
Minority Committee Report: Ought to Pass with Amendment # 2020-0991h
March 12, 2020 Inexpedient to Legislate: MA VV 03/12/2020