Revision: April 17, 2025, 8:56 a.m.
Senate Executive Departments and Administration
April 16, 2025
2025-1633s
07/05
Amendment to HB 469
Amend the title of the bill by replacing it with the following:
AN ACT relative to the operation of the public deposit investment pool and the membership of its committee.
Amend the bill by replacing all after the enacting clause with the following:
1 The State and Its Government; State Treasurer and State Accounts; Public Deposit Investment Pool. Amend RSA 6:45, II to read as follows:
II. The public deposit investment pool shall be operated under contract with a private investment advisor, approved by the state treasurer and advisory committee. The state treasurer and advisory committee shall [choose an investment advisor] evaluate investment advisors by requesting proposals from advisors and reviewing such proposals based on criteria established by the state treasurer[.] and advisory committee, subject to a competitive bidding process. Such contract shall be submitted to the governor and executive council for final approval.
2 New Subparagraph; State Treasurer and State Accounts; Public Deposit Investment Pool; Public Deposit Investment Pool Advisory Committee. Amend RSA 6:47, I by inserting after subparagraph (g) the following new subparagraph:
(h) One member appointed by the Municipal Managers Association of New Hampshire.
3 Effective Date. This act shall take effect 60 days after its passage.
2025-1633s
AMENDED ANALYSIS
This bill:
I. Requires the state treasurer and public deposit investment pool advisory committee to evaluate investment advisors by requesting proposals from advisors and reviewing such proposals based on criteria established by the state treasurer and advisory committee.
II. Requires a member of the Municipal Managers Association of New Hampshire to sit on the public deposit investment pool advisory committee.