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SB524: relative to state procurement card rebates.

Bill status: Signed by Governor

Citation
2016 SB524
Official source

Bill details

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

House status
Passed/Adopted
Senate status
Passed/Adopted
Committee
HOUSE Executive Departments and Administration
Hearing
03/24/2016 at 10:30 AM
Selected version
Current official bill text

Sponsors

Topics

Executive administration

Official links

CHAPTER 127

SB 524 - FINAL VERSION

2016 SESSION

16-2962

05/09

SENATE BILL 524

AN ACT relative to state procurement card rebates.

SPONSORS: Sen. Stiles, Dist 24; Sen. Forrester, Dist 2; Sen. Carson, Dist 14; Rep. L. Ober, Hills. 37

COMMITTEE: Executive Departments and Administration

ANALYSIS

This bill removes a reference in the law that permitted a portion of state procurement card rebates to be used to reduce the unfunded liability of the New Hampshire retirement system.

The bill addresses a procedural issue in the adoption of an amendment to SB 191-FN during the 2015 legislative session, which provided for the deposit of such rebates in the general 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

16-2962

05/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Sixteen

AN ACT relative to state procurement card rebates.

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

127:1 State Credit Card Contracts; Card Rebates. Amend RSA 9-D:2, I(b) to read as follows:

(b) Amounts which represent the added rebate benefit attributable to the consolidation of calculations under contracts allowing for the independent participation of the legislative or judicial branches, or the independent participation of non-state entities under RSA 21-I:17, I-a(a) shall be paid by the card issuer directly to the branches or non-state entities which independently participated in the purchases.

[(1) Fifty percent of the amount shall be paid by the card issuer directly to the branches or non-state entities which independently participated in the purchases; and

(2) Fifty percent of the amount shall be deposited in the payment and procurement card fund established in RSA 9-D:3, which fund may pay up to this amount to the board of trustees of the New Hampshire retirement system dedicated to an annual reduction in the retirement system's unfunded liability determined under RSA 100-A:16, II.]

127:2 Effective Date. This act shall take effect upon its passage.

Approved: May 20, 2016

Effective Date: May 20, 2016