Bill Text - HB1560 (2024)

Relative to unassigned moneys in the education trust fund.


Revision: Oct. 18, 2023, 9:34 a.m.

 

2024 SESSION

24-2193.0

02/10

 

HOUSE BILL [bill number]

 

AN ACT relative to unassigned moneys in the education trust fund.

 

SPONSORS: [sponsors]

 

COMMITTEE: [committee]

 

─────────────────────────────────────────────────────────────────

 

ANALYSIS

 

This bill requires that any surplus in the education trust fund be transferred to the general fund at the end of each fiscal year.

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

24-2193.0

02/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT relative to unassigned moneys in the education trust fund.

 

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

 

1  New Paragraph; Education Trust Fund Created and Invested.  Amend RSA 198:39 by inserting after paragraph IV the following new paragraph:

V. At the end of each fiscal year, any surplus in the education trust fund shall be transferred to the general fund.

2  Effective Date.  This act shall take effect June 30, 2024.