Bill Text: NH HB499 | 2019 | Regular Session | Introduced
Bill Title: Relative to revenue surpluses in unincorporated towns and unorganized places.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-19 - Inexpedient to Legislate: Motion Adopted Voice Vote 03/19/2019 House Journal 10 P. 28 [HB499 Detail]
Download: New_Hampshire-2019-HB499-Introduced.html
HB 499 - AS INTRODUCED
2019 SESSION
19-0049
10/08
HOUSE BILL 499
AN ACT relative to revenue surpluses in unincorporated towns and unorganized places.
SPONSORS: Rep. Moynihan, Coos 2
COMMITTEE: Municipal and County Government
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ANALYSIS
This bill allows a county to transfer surplus revenues of unincorporated towns and unorganized places to towns and cities in the county to be used for capital expenditures.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-0049
10/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT relative to revenue surpluses in unincorporated towns and unorganized places.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; County Commissioners; Unincorporated Towns and Unorganized Places; Surplus Revenues. Amend RSA 28 by inserting after section 7-d the following new section:
28:7-e Unincorporated Towns and Unorganized Places; Transfer of Certain Surplus Revenues. If an unincorporated town or unorganized place has no resident children requiring education money to be raised from local taxation under RSA 28:7-d, the county commissioners may transfer all or a portion of the undesignated/unassigned fund balance which is in excess of 20 percent of the prior fiscal year's budget for such unincorporated town or unorganized place and is remaining on hand at the end of the fiscal year, including any remaining unallocated funds from yield taxes under RSA 79:14 and payments pursuant to a renewable generation facility agreement under RSA 72:74, to the county. All such sums transfered to the county shall be available only for capital expenditures and may only be expended by a 3/5 vote of the county delegation.
2 Effective Date. This act shall take effect 60 days after its passage.
