0094-hb 1321

CHAPTER 94

HB 1321 - FINAL VERSION

AN ACT relative to certain funds collected by order of the public utilities commission.

SPONSORS: Rep. Bradley, Carr 8

This bill authorizes the state treasurer to maintain funds collected pursuant to electric utility restructuring orders.

This bill is a request of the governor's office of energy and community services.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

AN ACT relative to certain funds collected by order of the public utilities commission.

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

94:1 New Subparagraph; State Treasurer and State Accounts; Application of Receipts; General Revenue Exceptions; Funds Collected Pursuant to Utility Restructuring Order. Amend RSA 6:12, I by inserting after subparagraph (aaaa) the following new subparagraph:

(bbbb) Funds received pursuant to RSA 6:12-b, which shall be maintained pursuant to the provisions of RSA 6:12-b.

94:2 New Section; State Treasurer and State Accounts; Maintenance of Funds Collected Pursuant to Electric Utility Restructuring Orders. Amend RSA 6 by inserting after section 12-a the following new section:

6:12-b Maintenance of Funds Collected Pursuant to Electric Utility Restructuring Orders. On request of the public utilities commission, the state treasurer shall maintain custody over funds collected by order of the public utilities commission consisting of only that portion of the system benefits charge directly attributable to programs for low income customers as described in RSA 374-F:4, VIII(c). All funds received by the state treasurer pursuant to this section shall be kept separate from any other funds and shall be administered in accordance with terms and conditions established by the public utilities commission.

94:3 Authorization for Contingent Renumbering. If any other act of the 2000 regular session of the general court which contains an amendment to RSA 6:12, I which inserts any new subparagraph into paragraph I of such section becomes law, the director of legislative services is authorized to make any technical changes to the numbering in any RSA sections inserted by this or any other act as necessary to conform said sections to proper RSA format. The authority granted under this section shall not include the power to make any substantive changes and shall expire upon printing of the 2000 session laws.