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HB1587: relative to limitations on capital reserve funds of counties.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Virginia Irwin House ยท Sull 9
Topics
Public and Municipal Affairs Public finance
Official links
CHAPTER 114
HB 1587 - FINAL VERSION
2016 SESSION
16-2374
10/01
HOUSE BILL 1587
AN ACT relative to limitations on capital reserve funds of counties.
ANALYSIS
This bill increases the amount that can be appropriated annually by a county to a capital reserve fund.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
16-2374
10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT relative to limitations on capital reserve funds of counties.
Be it Enacted by the Senate and House of Representatives in General Court convened:
114:1 Capital Reserve Funds; Counties; Limit on Appropriations. Amend RSA 35:8 to read as follows:
35:8 Limitations on Appropriations. No town, school district, or village district shall raise and appropriate in any one year for such reserve an amount in excess of 1/2 of one percent of the last base valuation for debt limit computed pursuant to RSA 33:4-b of said town or district; no county shall raise and appropriate for such reserve an amount in excess of [1/100] 1/50 of one percent of the last base valuation for debt limit computed pursuant to [RSA 33:4-b for all municipalities included in said county] RSA 33:4.
114:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 20, 2016
Effective Date: July 19, 2016