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HB134: relative to contingency funds in towns.

Bill status: Signed by Governor

Citation
2013 HB134
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 Public and Municipal Affairs
Hearing
03/20/2013 at 10:20 AM
Selected version
Current official bill text

Sponsors

Topics

Public and Municipal Affairs Local government Public finance

Official links

CHAPTER 115

HB 134 – FINAL VERSION

03/28/13 1076s

2013 SESSION

13-0277

06/04

HOUSE BILL 134

AN ACT relative to contingency funds in towns.

SPONSORS: Rep. J. Belanger, Hills 27; Rep. Gargasz, Hills 27

COMMITTEE: Municipal and County Government

ANALYSIS

This bill permits towns to establish contingency funds for unanticipated expenses and to make expenditures from such funds.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/28/13 1076s

13-0277

06/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Thirteen

AN ACT relative to contingency funds in towns.

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

115:1 New Paragraph; Municipal Budget Law; Emergency Expenditures and Over Expenditures. Amend RSA 32:11 by inserting after paragraph IV the following new paragraph:

V. Notwithstanding paragraphs I through IV, if the legislative body has by warrant article established a contingency fund in the annual budget for the purpose of unanticipated expenses, the board of selectmen may expend funds from such account to meet the costs of such expenses.

115:2 New Section; Powers and Duties of Towns; Contingency Fund. Amend RSA 31 by inserting after section 98 the following new section:

31:98-a Contingency Fund. Every town annually by an article in the warrant may establish a contingency fund to meet the cost of unanticipated expenses that may arise during the year. Such fund shall not exceed one per cent of the amount appropriated by the town for town purposes during the preceding year excluding capital expenditures and the amortization of debt. A detailed report of all expenditures from the contingency fund shall be made annually by the selectmen and published with their report.

115:3 Effective Date. This act shall take effect 60 days after its passage.

Approved: June 25, 2013

Effective Date: August 24, 2013