HB1187 (2024) Detail

(New Title) relative to prohibiting lease agreements of equipment for building or facility improvements.


HB 1187 - AS AMENDED BY THE HOUSE

 

28Mar2024... 1229h

2024 SESSION

24-2076

02/10

 

HOUSE BILL 1187

 

AN ACT relative to prohibiting lease agreements of equipment for building or facility improvements.

 

SPONSORS: Rep. Pauer, Hills. 36; Rep. Piemonte, Rock. 9; Rep. Notter, Hills. 12; Rep. R. Brown, Carr. 3; Rep. Lewicke, Hills. 36; Rep. Erf, Hills. 28; Sen. Avard, Dist 12

 

COMMITTEE: Municipal and County Government

 

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AMENDED ANALYSIS

 

This bill specifies that building or facility improvements that become fixtures related to the installation, purpose, or operation of leased equipment shall not be financed through lease agreements.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

28Mar2024... 1229h 24-2076

02/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT relative to prohibiting lease agreements of equipment for building or facility improvements.

 

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

 

1  Lease Agreements of Equipment.  Amend RSA 33:7-e to read as follows:

33:7-e  Lease Agreements of Equipment.  The governing body may enter into leases of equipment as required by the municipality.  Appropriations to fund lease agreements with nonappropriation clauses may be approved by a simple majority vote of the legislative body.  Lease agreements with nonappropriation clauses shall not be treated as debt under RSA 33:4-a.  For the purposes of this section, "lease" shall include lease-purchase, sale and lease back, installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality.  [For purposes of this section and RSA 382-A,] Building or facility improvements that become fixtures related to the installation, purpose, or operation of such equipment shall not [be deemed to constitute equipment and the costs of such improvements may] be financed through lease agreements under this section.

2  Effective Date.  This act shall take effect 60 days after its passage.

Amendments

Date Amendment
March 20, 2024 2024-1229h

Links


Date Body Type
Feb. 13, 2024 House Hearing
March 11, 2024 House Exec Session
March 20, 2024 House Exec Session
March 20, 2024 House Floor Vote

Bill Text Revisions

HB1187 Revision: 41439 Date: March 28, 2024, 11:25 a.m.
HB1187 Revision: 41306 Date: March 20, 2024, 3:13 p.m.
HB1187 Revision: 39677 Date: Dec. 1, 2023, 3:01 p.m.

Docket


April 2, 2024: Introduced 03/21/2024 and Referred to Commerce; SJ 8


March 28, 2024: Ought to Pass with Amendment 2024-1229h: MA VV 03/28/2024 HJ 10


March 28, 2024: Amendment # 2024-1229h (NT): AA VV 03/28/2024 HJ 10


March 20, 2024: Committee Report: Ought to Pass with Amendment # 2024-1229h (NT) 03/20/2024 (Vote 20-0; CC) HC 12 P. 17


March 11, 2024: ==CONTINUED== Executive Session: 03/20/2024 10:30 am LOB 301-303


March 6, 2024: ==RECESSED== Executive Session: 03/11/2024 09:30 am LOB 301-303


Feb. 6, 2024: Public Hearing: 02/13/2024 11:00 am LOB 301-303


Dec. 1, 2023: Introduced 01/03/2024 and referred to Municipal and County Government