Revision: May 23, 2024, 2:05 p.m.
Sen. Watters, Dist 4
May 22, 2024
2024-2157s
02/06
Floor Amendment to HB 1187
Amend the bill by replacing section 1 with the following:
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, except for energy performance contracts as authorized by RSA 21-I:19-d, shall not [be deemed to constitute equipment and the costs of such improvements may] be financed through lease agreements under this section.