LIVE FREE OR DIE LEGAL
This website is not an official source of law. This website does not provide legal advice. For official legal materials, verify against the relevant court, legislature, agency, or other official source. Legal information may be incomplete, outdated, or incorrectly processed. Consult a qualified attorney for advice about a specific legal matter.

This page is an unofficial LFoD record and is not legal advice. Verify the document against the official source before relying on it.

SB313: relative to transfers to the revenue stabilization reserve account.

Citation
2008 SB313
Official source

Bill details

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

Senate status
Inexpedient to Legislate
Committee
SENATE Finance
Hearing
01/30/2008 at 10:45 AM
Selected version
Current official bill text

Sponsors

Topics

Public finance

Official links

SB 313 – AS INTRODUCED

2008 SESSION

08-2653

05/09

SENATE BILL 313

AN ACT relative to transfers to the revenue stabilization reserve account.

SPONSORS: Sen. Gatsas, Dist 16; Sen. Barnes, Dist 17; Sen. Clegg, Dist 14; Sen. Gallus, Dist 1; Sen. Kenney, Dist 3; Sen. Letourneau, Dist 19; Sen. Roberge, Dist 9; Rep. Whalley, Belk 5; Rep. Weyler, Rock 8

COMMITTEE: Finance

ANALYSIS

This bill provides that any budget surplus in excess of $53,000,000 at the close of the fiscal year ending June 30, 2007, shall remain in the general fund and not be deposited in the revenue stabilization reserve account.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

08-2653

05/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eight

AN ACT relative to transfers to the revenue stabilization reserve account.

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

1 Revenue Stabilization Reserve Account. Amend 2007, 263:110 to read as follows:

263:110 Revenue Stabilization Reserve Account. Notwithstanding RSA 9:13-e, any budget surplus in excess of [$20,000,000] $53,000,000, for the close of the fiscal biennium ending June 30, 2007, shall not be deposited in the revenue stabilization reserve account but shall remain in the general fund.

2 Effective Date. This act shall take effect upon its passage.