0197-hb 1165

AN ACT reclassifying certain roads in the towns of Northfield, Tilton, and Waterville Valley, authorizing a certain district to issue bonds and notes and authorizing an overlay.

SPONSORS: Rep. E. Smith, Ches 6; Rep. Cloutier, Sull 8; Rep. Tholl, Coos 5

This bill reclassifies certain roads in the towns of Northfield, Tilton, and Waterville Valley.

This bill authorizes the Waterville Estates Village District to issue bonds and notes. This bill also authorizes an overlay for such district.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

AN ACT reclassifying certain roads in the towns of Northfield, Tilton, and Waterville Valley, authorizing a certain district to issue bonds and notes and authorizing an overlay.

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

197:1 Reclassifications. The following class II highways shall be reclassified as class V highways:

I. Summer Street in the town of Northfield beginning at the intersection with Route 132 northerly for a distance of 0.68 miles to the class V portion at the intersection with Bay Street.

II. Autumn Drive in the town of Tilton beginning at the intersection with Lancaster Hill Road northerly for a distance of 0.67 miles to the Sanbornton town line.

III. NH Route 49 in the town of Waterville Valley beginning at the intersection with Tripoli Road northerly for a distance of 1.36 miles to the end of existing NH Route 49.

197:2 Applicability. Section 1 of this act shall take effect 60 days after its passage or 60 days after completion of the reconstruction to be performed by the department of transportation, whichever is later; provided, however, that no reclassification provided for in section 1 of this act shall be effective until such time as the local legislative body of the corresponding municipality has voted to accept responsibility for the additional costs incurred by the reclassification of the road, consistent with part 1, article 28-a of the New Hampshire constitution. The corresponding municipality is hereby authorized to hold a special meeting without prior judicial authorization for the purposes of this section.

197:3 Authorization of Issuance of Bonds or Notes to Address General Fund Deficit. Notwithstanding any provision of law to the contrary, Waterville Estates Village District is hereby authorized to issue up to $450,000 in general obligation bonds or notes under and in compliance with the provisions of RSA 33 for the purpose of raising money to address the district's general fund deficit. Bonds or notes so issued shall mature not later than 5 years from their date of issuance and shall not be counted towards the district's debt limit under RSA 33:4-a.

197:4 Special Meeting. Waterville Estates Village District is hereby authorized to hold a special meeting without prior judicial authorization for the sole purpose of authorizing the issuance of the bonds and notes authorized under section 3 of this act.

197:5 Authorization for Overlay for the Waterville Estates Village District. The property tax assessment for the Waterville Estates Village District may be increased by a sum not exceeding 5 percent more than such assessment to answer any abatements that may be made by the town of Campton against property lying within the district. The governing body of the district shall annually determine the amount of overlay to be assessed, if any, up to 5 percent of the district's property tax assessment for property located in the town of Campton and shall certify such amount to the department of revenue administration at the time the annual property tax rate is established pursuant to RSA 21-J. Notwithstanding the provisions of RSA 76:6, the town of Campton may assess a sum not exceeding 5 percent more than the amount of taxes assessed by them exclusive of the Waterville Estates Village District assessment.

I. Section 1 of this act shall take effect as provided in section 2 of this act.

The Department of Transportation states this bill will decrease state highway fund expenditures by $9,100 and increase local expenditures by $6,600 beginning in FY 2001 and each year thereafter. There will be no fiscal impact on state, county and local revenue or county expenditures.

The Department indicates that reclassifying the roads listed in this bill from Class II to Class V will change the responsibility for maintenance from a state responsibility to a local one. The Department estimates State Highway Fund expenditures will decrease by $9,100 per year and local expenditures will increase by $6,600 per year as a result. These amounts were computed using statewide averages for state and local road maintenance.

The Department further states that the towns where these roads are located will receive credit for the additional miles when calculating the town share of Block Grant revenue. However, statewide, the total available Block Grant revenue to all municipalities will not change as a result of this bill.