Revision: Jan. 22, 2025, 5:30 p.m.
SB 107-FN - AS INTRODUCED
2025 SESSION
25-0925
08/09
SENATE BILL 107-FN
AN ACT enabling the state treasurer to invest certain fish and game funds.
SPONSORS: Sen. Lang, Dist 2
COMMITTEE: Energy and Natural Resources
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ANALYSIS
This bill allows the state treasurer to invest funds form the nongame species special fund.
This bill is a request of the fish and game department.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
25-0925
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
AN ACT enabling the state treasurer to invest certain fish and game funds.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Nongame Species Account; Investment. Amend RSA 212-B:6, I to read as follows:
I. The state treasurer shall establish a separate nonlapsing account within the fish and game fund to be known as the nongame species account to which moneys obtained by the fish and game department shall be applied, including any federal moneys which become available from the federal government, any state funds appropriated, and all donations received. The state treasurer shall invest funds as provided by law, and any interest received on such investments shall be credited to the nongame account. The moneys in this account shall be used for the development and implementation of a comprehensive nongame species management program.
2 Effective Date. This act shall take effect 60 days after its passage.
25-0925
1/19/25
SB 107-FN- FISCAL NOTE
AS INTRODUCED
AN ACT enabling the state treasurer to invest certain fish and game funds.
FISCAL IMPACT: This bill does not provide funding, nor does it authorize new positions.
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Estimated State Impact | ||||||
| FY 2025 | FY 2026 | FY 2027 | FY 2028 | ||
Revenue | $0 | Indeterminable Decrease General Fund Indeterminable Increase Nongame Species Account | ||||
Revenue Fund(s) | General Fund and Nongame Species Account | |||||
Expenditures* | $0 | $0 | $0 | $0 | ||
Funding Source(s) | None | |||||
Appropriations* | $0 | $0 | $0 | $0 | ||
Funding Source(s) | None | |||||
*Expenditure = Cost of bill *Appropriation = Authorized funding to cover cost of bill | ||||||
METHODOLOGY:
This bill allows the State Treasurer to invest funds from the Nongame Species Account and deposit interested earned from these funds back into the Nongame Species Account. This bill will reduce General Fund interest revenue while increasing the revenue for the Nongame Species Account. Unless specifically allocated to a fund or account, interest earned on investments is deposited as unrestricted General Fund revenue.
AGENCIES CONTACTED:
Treasury Department