SB347: relative to infrastructure appropriations for reimbursement to the city of Laconia.

SB 347-FN - AS INTRODUCED

2024 SESSION

24-2836

02/05

SENATE BILL 347-FN

AN ACT relative to infrastructure appropriations for reimbursement to the city of Laconia.

SPONSORS: Sen. Lang, Dist 2; Sen. Gray, Dist 6; Sen. Carson, Dist 14; Sen. Innis, Dist 7; Rep. Moffett, Merr. 4; Rep. Bordes, Belk. 5; Rep. Bogert, Belk. 5; Rep. St. Clair, Belk. 5

COMMITTEE: Finance

ANALYSIS

This bill makes an appropriation to the department of administrative services for reimbursement of the city of Laconia for expenditures related to the public water, sewer, and road infrastructure improvements needed for the development of the former Laconia state school campus property.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

24-2836

02/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty Four

AN ACT relative to infrastructure appropriations for reimbursement to the city of Laconia.

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

1 Appropriation; Department of Administrative Services; Laconia Services Reimbursement. The sum of $3,000,000 is hereby appropriated for the biennium ending June 30, 2025, to the department of administrative services for reimbursement of the city of Laconia for expenditures related to the public water, sewer and road infrastructure improvements needed for the development of the former Laconia state school campus property. The use of the foregoing appropriation is conditioned upon the prior successful closing of a sale of the former Laconia state school campus property. The sum hereby appropriated shall be a charge against the proceeds from any sale of the former Laconia state school campus property and expended by the commissioner of administrative services. Any unexpended amount shall lapse to the general fund.

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

LBA

24-2836

Revised 12/20/23

SB 347-FN- FISCAL NOTE

AS INTRODUCED

AN ACT relative to infrastructure appropriations for reimbursement to the city of Laconia.

FISCAL IMPACT: [ X ] State [ ] County [ X ] Local [ ] None

Estimated State Impact - Increase / (Decrease)

FY 2024

FY 2025

FY 2026

FY 2027

Revenue

$0

$0

$0

$0

Revenue Fund(s)

None

Expenditures

up to $3,000,000

$0

$0

Funding Source(s)

General Fund

Appropriations

$3,000,000

$0

$0

Funding Source(s)

Real Property Sale Proceeds

• Does this bill provide sufficient funding to cover estimated expenditures? [X] N/A

• Does this bill authorize new positions to implement this bill? [X] N/A

Estimated Political Subdivision Impact - Increase / (Decrease)

FY 2024

FY 2025

FY 2026

FY 2027

County Revenue

$0

$0

$0

$0

County Expenditures

$0

$0

$0

$0

Local Revenue

up to $3,000,000

$0

$0

Local Expenditures

up to $3,000,000

$0

$0

METHODOLOGY:

This bill appropriates $3,000,000 from the proceeds of the sale of the former Laconia State School campus property for the biennium ending June 30, 2025 to the Department of Administrative Services for reimbursement of the city of Laconia for expenditures related to the public water, sewer, and road infrastructure improvements needed for the development of the former Laconia state school campus property. The Department notes it is unaware of any existing obligation to fund or reimburse the city of Laconia for expenditures related to public water, sewer or roadway infrastructure improvements associated with the development. Any unexpended amount will lapse to the General fund at the end of the FY 2024-2025 biennium.

AGENCIES CONTACTED:

Department of Administrative Services