1 Water Management and Protection; Winnipesaukee River Basin Control; Replacement Fund Established. Amend RSA 485-A:51, II-VIII to read as follows:

II. The fund shall be capitalized at an amount equal to 5 percent of the value of the equipment and other depreciable assets of the treatment facilities. The value of the equipment and other depreciable assets shall be computed every 5 years, beginning in 1990, and shall be based on current replacement costs.

III. Each member's share of the total fund capital shall be contributed over a period of 10 years after the initial establishment of the fund and shall be paid as a yearly surcharge to the member's operating charges. Thereafter, each member's surcharge shall be prorated as membership and design changes require.

IV. Once a member has fully funded its share of the replacement fund capital, the member shall make no further contributions until the fund is utilized for repair or replacement of a facility used by that member or the asset valuation increases such that the fund capitalization increases as established in paragraphs II and III. Following any expenditure from the fund, 50 percent of the expenditure shall be replenished by contributions from those members that utilize the facilities receiving funding based on each member's proportional usages of said facilities, and 50 percent of the expenditure shall be shared among all members using their respective percentage assessment for replacement fund contributions pursuant to paragraph III. The expenditures shall be reimbursed by the members over a 10-year period in addition to the member s yearly contribution to the fund until the member's share of the fund is fully restored.

V. If a repair or replacement cost exceeds the value of the fund established for that particular facility, the repair cost shall be paid out of the portion of the fund established for other facilities, however, reimbursement to the fund shall always be assessed back to members in accordance with the apportionment set forth in paragraph IV.

VI. As new facilities, if any, are added to the system, additional assessments shall be made to the members benefiting from these facilities, prorated on the basis of projected use.

VII. If a new member joins the system, the assessments shall be modified to reflect the new member's proportional benefit from the facilities, and excess prior payments made by other members, if any, shall be credited to their accounts.

VIII. All contracts paid for using the fund shall be submitted to the governor and council for approval .

2 Water Management and Protection; Winnipesaukee River Basin Control; Replacement Fund Established. Amend RSA 485-A:51, II to read as follows:

II. The fund shall be capitalized at an amount equal to 2 percent of the value of the equipment and other depreciable assets of the treatment facilities. The value of the equipment and other depreciable assets shall be computed every 5 years, beginning in 1990, and shall be based on current replacement costs. Notwithstanding any other provision of law to the contrary, this capitalization value shall apply to the valuation that occurred on June 30, 2024.

3 Effective Date.

I. Section 2 of this act shall take effect June 30, 2029.

II. The remainder of this act shall take effect upon its passage.

1 Water Management and Protection; Winnipesaukee River Basin Control; Replacement Fund Established. Amend RSA 485-A:51, II-VIII to read as follows:

II. The fund shall be capitalized at an amount equal to prorateddesign, and excess prior payments made by other members, if any, shall be credited to their accountsAll contracts paid for using the fund shall be submitted to the governor and council for approvalNotwithstanding any other provision of law to the contrary, this capitalization value shall apply to the valuation that occurred on June 30, 2024.*

3 Effective Date.

I. Section 2 of this act shall take effect June 30, 2029.

II. The remainder of this act shall take effect upon its passage.