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HB1596: requiring a report on state government commitments and contingent liabilities.

Citation
2018 HB1596
Official source

Bill details

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

House status
Inexpedient to Legislate
Committee
House Finance
Hearing
01/10/2018 at 10:00 AM
Selected version
Current official bill text

Sponsors

Topics

Public finance

Official links

HB 1596 - AS INTRODUCED

2018 SESSION

18-2389

10/05

HOUSE BILL 1596

AN ACT requiring a report on state government commitments and contingent liabilities.

SPONSORS: Rep. McConnell, Ches. 12; Rep. Messmer, Rock. 24; Rep. Ammon, Hills. 40; Rep. Abbott, Ches. 1; Rep. O'Day, Ches. 11; Rep. Scully, Hills. 33; Sen. Giuda, Dist 2; Sen. Daniels, Dist 11; Sen. Feltes, Dist 15

COMMITTEE: Finance

ANALYSIS

This bill requires the legislative budget assistant to compile and report annually on the amounts of commitments and contingent liabilities of the state.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

18-2389

10/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eighteen

AN ACT requiring a report on state government commitments and contingent liabilities.

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

1 New Paragraph; Legislative Budget Assistant; Report on Commitments and Contingent Liabilities. Amend RSA 14:31 by inserting after paragraph VI the following new paragraph:

VII. The legislative budget assistant shall, in consultation with the department of administrative services and any other necessary agencies, prepare a report on the financial commitments and contingent liabilities of the state for each of the following 5 years. The report shall include, but not be limited to, equipment rentals, real estate and equipment lease payments owed, payments under debt obligations including mortgages and payments under settlement agreements, future post-employment obligations (health insurance), estimated pension expenses, and other obligations not falling in these categories. The report shall be completed on or before February 15 each year. The report shall be posted by such date on the legislative budget assistant’s website.

2 Effective Date. This act shall take effect 60 days after its passage.