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HB539: relative to land and community heritage investment program administration.

Bill status: Signed by Governor

Citation
2005 HB539
Official source

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

House status
Concurred
Senate status
Passed/Adopted with Amendment
Committee
SENATE Finance
Hearing
05/10/2005 at 09:30 AM
Selected version
Current official bill text

Sponsors

Topics

Public finance

Official links

CHAPTER 234

HB 539-FN-A-LOCAL – FINAL VERSION

06/09/05 1801s

2005 SESSION

05-0296

09/01

HOUSE BILL 539-FN-A-LOCAL

AN ACT relative to land and community heritage investment program administration.

SPONSORS: Rep. D. L. Christensen, Hills 19; Rep. Spang, Straf 7; Rep. Keans, Straf 1; Rep. O'Connell, Hills 6; Sen. Estabrook, Dist 21; Sen. Gallus, Dist 1; Sen. Larsen, Dist 15

COMMITTEE: Finance

ANALYSIS

The bill allows loans to be made to eligible applicants for financial assistance under the land and community heritage investment trust program.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

06/09/05 1801s

05-0296

09/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT relative to land and community heritage investment program administration.

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

234:1 Program Administration; Financial Assistance; Loans. Amend the introductory paragraph of RSA 227-M:8, III to read as follows:

III. Financial assistance to eligible applicants shall be provided through grants and block grants (grants to another organization for re-granting) and loans. Up to 50 percent of financial assistance provided each year may be provided through loans. Principal and interest paid on such loans shall be deposited in the trust fund for the New Hampshire land and community heritage investment program established in RSA 227-M:7. Financial assistance may only be expended on eligible resources for the following purposes:

234:2 Effective Date. This act shall take effect July 1, 2005.

(Approved: July 11, 2005)

(Effective Date: July 1, 2005)