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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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.
| Date | Amendment |
|---|---|
| March 20, 2024 | 2024-1229h |
| 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 |
| May 7, 2024 | Senate | Hearing |
April 30, 2024: Hearing: 05/07/2024, Room 100, SH, 09:50 am; SC 18
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