This page is an unofficial LFoD record and is not legal advice. Verify the document against the official source before relying on it.
HB1226: establishing a debt retirement fund in the Governor Wentworth regional school district.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- David Babson House · Carr 6
Topics
Education Public finance Retirement and pensions
Official links
CHAPTER 131
HB 1226-LOCAL – FINAL VERSION
04/22/04 1214s
2004 SESSION
03-2044
04/09
HOUSE BILL 1226-LOCAL
AN ACT establishing a debt retirement fund in the Governor Wentworth regional school district.
ANALYSIS
This bill authorizes the Governor Wentworth regional school district to establish a debt retirement fund for the purpose of satisfying any debt incurred as a result of construction of school buildings, including the purchase of sites and any additions or renovations of school buildings.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
04/22/04 1214s
03-2044
04/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Four
AN ACT establishing a debt retirement fund in the Governor Wentworth regional school district.
Be it Enacted by the Senate and House of Representatives in General Court convened:
131:1 Governor Wentworth Regional School District; Debt Retirement Fund. Notwithstanding RSA 33:2, the Governor Wentworth regional school district is authorized to create a debt retirement fund for the purpose of satisfying any indebtedness incurred as a result of the construction of school buildings, including the purchase of sites and any additions or renovations of school buildings. Such debt retirement fund shall be funded with proceeds derived from the sale of school district property, gifts, donations, or bequests made to and accepted by the school district, and any other moneys so designated by majority vote at an annual school district meeting. This act ratifies the school district’s vote on article IV of the ballot at the March 2003 annual meeting to establish and make appropriations to this fund. The school district may make additional appropriations to, and withdrawals from, the debt retirement fund as authorized by the legislative body of the school district.
131:2 Effective Date. This act shall take effect upon its passage.
(Approved: May 19, 2004)
(Effective Date: May 19, 2004)