Bill Text: NH SB38 | 2017 | Regular Session | Introduced

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Bill Title: Making an appropriation to the department of transportation for local highway aid and aid for municipal bridges, relative to distribution of highway aid, and relative to red list bridges.

Spectrum: Slight Partisan Bill (Republican 5-2)

Status: (Passed) 2017-07-12 - II. Remainder Effective 07/11/2017 [SB38 Detail]

Download: New_Hampshire-2017-SB38-Introduced.html

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SB 38-FN - AS INTRODUCED

 

 

2017 SESSION

17-0130

06/01

 

SENATE BILL 38-FN

 

AN ACT transferring moneys from the revenue stabilization reserve account to the highway and bridge betterment account.

 

SPONSORS: Sen. Morse, Dist 22; Sen. Bradley, Dist 3; Sen. Reagan, Dist 17; Sen. Daniels, Dist 11; Sen. D'Allesandro, Dist 20; Sen. Giuda, Dist 2; Sen. Feltes, Dist 15

 

COMMITTEE: Finance

 

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ANALYSIS

 

This bill authorizes the state treasurer to transfer $1 from the revenue stabilization reserve account to the highway and bridge betterment account.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17-0130

06/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT transferring moneys from the revenue stabilization reserve account to the highway and bridge betterment account.

 

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

 

1  State Treasurer; Revenue Stabilization Reserve Account; Transfer of Funds Authorized.  Notwithstanding any provision of law to the contrary, for the biennium ending June 30, 2019, after the requirements of RSA 9:13-e, II-IV have been met and the balance in the revenue stabilization reserve account is in excess of the cap specified in RSA 9:13-e, IV, the state treasurer shall transfer $1 from the revenue stabilization reserve account to the highway and bridge betterment account.

2  Effective Date.  This act shall take effect July 1, 2017.

 

LBAO

17-0130

1/6/17

 

SB 38-FN- FISCAL NOTE

AS INTRODUCED

 

AN ACT transferring moneys from the revenue stabilization reserve account to the highway and bridge betterment account.

 

FISCAL IMPACT:

The Legislative Budget Assistant has determined that this legislation has a total fiscal impact of less than $10,000 in each of the fiscal years 2018 through 2021.

 

AGENCIES CONTACTED:

Treasury Department