SB272 (2022) Detail

Establishing a committee to study the oversight and operation of the public deposit investment pool.


CHAPTER 154

SB 272 - FINAL VERSION

 

02/03/2022   0163s

4May2022... 1490h

 

2022 SESSION

22-2864

07/08

 

SENATE BILL 272

 

AN ACT establishing a committee to study the oversight and operation of the public deposit investment pool.

 

SPONSORS: Sen. Rosenwald, Dist 13; Sen. Cavanaugh, Dist 16; Sen. Perkins Kwoka, Dist 21; Sen. Soucy, Dist 18; Rep. Abrami, Rock. 19; Rep. Almy, Graf. 13; Rep. Hunt, Ches. 11

 

COMMITTEE: Finance

 

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ANALYSIS

 

This bill establishes a committee to study the New Hampshire banking department's role in operating the public deposit investment pool.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

02/03/2022   0163s

4May2022... 1490h 22-2864

07/08

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Two

 

AN ACT establishing a committee to study the oversight and operation of the public deposit investment pool.

 

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

 

154:1  Committee Established.  There is established a committee to study the banking department's role in operating the public deposit investment pool.

154:2  Membership and Compensation.

I.  The members of the committee shall be as follows:

(a)  One member of the senate, appointed by the president of the senate.

(b)  Three members of the house of representatives, appointed by the speaker of the house of representatives; one of whom who shall be a member of the commerce and consumer affairs committee, one of whom who shall be a member of the municipal and county government committee, and one of whom who shall be a member of the ways and means committee.

II.  Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

154:3  Duties.  

I.  The committee shall study:

(a)  Moving the public deposit pool from under the banking department's oversight to the treasury;

(b)  How other states handle their pool; and

(c)  The public deposit investment pool's advisory board's responsibilities, board representation of entities utilizing the pool, and rate of return.

II.  The committee may solicit input from other entities of its choosing.

154:4  Chairperson; Quorum.  The members of the study committee shall elect a chairperson from among the members.  The first meeting of the committee shall be called by the senate member.  The first meeting of the committee shall be held within 45 days of the effective date of this section.  Three members of the committee shall constitute a quorum.

154:5  Report.  The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before November 1, 2022.

154:6  Effective Date.  This act shall take effect upon its passage.

 

Approved: June 07, 2022

Effective Date: June 07, 2022

Links


Date Body Type
Jan. 18, 2022 Senate Hearing
Senate Floor Vote
Feb. 3, 2022 Senate Floor Vote
April 6, 2022 House Hearing
April 20, 2022 House Exec Session
April 20, 2022 House Exec Session
House Floor Vote

Bill Text Revisions

SB272 Revision: 36620 Date: June 8, 2022, 9:40 a.m.
SB272 Revision: 36342 Date: May 12, 2022, 2:49 p.m.
SB272 Revision: 36074 Date: May 4, 2022, 11:28 a.m.
SB272 Revision: 35880 Date: April 22, 2022, 1:13 p.m.
SB272 Revision: 34786 Date: Feb. 3, 2022, 1:36 p.m.
SB272 Revision: 34707 Date: Jan. 19, 2022, 10:20 a.m.
SB272 Revision: 34321 Date: Dec. 14, 2021, 1:52 p.m.

Docket


June 8, 2022: Signed by the Governor on 06/07/2022; Chapter 0154; Effective 06/07/2022


May 27, 2022: Enrolled (in recess of) 05/26/2022 HJ 14


May 27, 2022: Enrolled Adopted, VV, (In recess 05/26/2022); SJ 13


May 27, 2022: Enrolled (in recess of) 05/26/2022 HJ 14


May 27, 2022: Enrolled Adopted, VV, (In recess 05/26/2022); SJ 13


May 12, 2022: Sen. Daniels Moved to Concur with the House Amendment, MA, VV; 05/12/2022; SJ 12


May 4, 2022: Ought to Pass with Amendment 1490h: MA VV 05/04/2022 HJ 11


May 4, 2022: Amendment # 1490h: AA VV 05/04/2022 HJ 11


April 22, 2022: Committee Report: Ought to Pass with Amendment # 2022-1490h (Vote 18-0; CC)


April 13, 2022: Executive Session: 04/20/2022 01:00 pm LOB 302-304


April 13, 2022: Executive Session: 04/20/2022 01:00 pm LOB 302-304


April 14, 2022: Subcommittee Work Session: 04/20/2022 10:00 am LOB 302-304


March 30, 2022: Subcommittee Work Session: 04/07/2022 10:00 am LOB 302-304


March 30, 2022: Public Hearing: 04/06/2022 02:00 pm LOB 302-304


March 23, 2022: Introduced 03/17/2022 and referred to Commerce and Consumer Affairs


Feb. 3, 2022: Ought to Pass with Amendment 2022-0163s, MA, VV; OT3rdg; 02/03/2022; SJ 2


Feb. 3, 2022: Committee Amendment # 2022-0163s, AA, VV; 02/03/2022; SJ 2


Jan. 26, 2022: Committee Report: Ought to Pass with Amendment # 2022-0163s, 02/03/2022; SC 5


Jan. 19, 2022: Committee Report: Ought to Pass with Amendment # 2022-0163s


Dec. 20, 2021: Hearing: 01/18/2022, Room 103, SH, 01:10 pm; SC 50


Dec. 14, 2021: To Be Introduced 01/05/2022 and Referred to Finance; SJ 1