SB59: (New Title) establishing a committee to study the effect on the unemployment compensation trust fund of employers with negative balance separate accounts.

CHAPTER 258

SB 59 – FINAL VERSION

16May2007… 1282h

2007 SESSION

07-1269

08/09

SENATE BILL 59

AN ACT establishing a committee to study the effect on the unemployment compensation trust fund of employers with negative balance separate accounts.

SPONSORS: Sen. Kenney, Dist 3

COMMITTEE: Commerce, Labor and Consumer Protection

AMENDED ANALYSIS

This bill establishes a committee to study the effect on the unemployment compensation trust fund of employers with negative balance separate accounts.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

16May2007… 1282h

07-1269

08/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Seven

AN ACT establishing a committee to study the effect on the unemployment compensation trust fund of employers with negative balance separate accounts.

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

258:1 Committee Established. There is established a committee to study the effect on the unemployment compensation trust fund of employers with negative balance separate accounts.

258:2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three members of the senate, appointed by the president of the senate.

(b) Three members of the house of representatives, appointed by the speaker of the house of representatives.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

258:3 Duties. The committee shall study the effect on the unemployment compensation trust fund of employers with negative balance separate accounts.

258:4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named senate member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.

258:5 Report. The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before November 1, 2007.

258:6 Effective Date. This act shall take effect upon its passage.

Approved: June 28, 2007

Effective: June 28, 2007