HB 1402-LOCAL - AS INTRODUCED
2000 SESSION
HOUSE BILL 1402-LOCAL
AN ACT relative to the transfer of excess medical reserve funds to the capital reserve fund.
SPONSORS: Rep. J. Pratt, Ches 2; Rep. J. Phinizy, Sull 7; Rep. McGuirk, Ches 1; Rep. Batchelder, Ches 2; Sen. Disnard, Dist 8; Sen. Squires, Dist 12; Sen. D'Allesandro, Dist 20
COMMITTEE: Municipal and County Government
This bill provides a process by which a town, school district, village district, or county may transfer excess moneys in a medical reserve fund to a capital reserve fund.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2328
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to the transfer of excess medical reserve funds to the capital reserve fund.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Capital Reserve Funds of Counties, Towns, Districts, and Water Departments; Transfer of Excess Medical Reserve Funds. Amend RSA 35 by inserting after section 16-a the following new section:
35:16-b Transfer of Excess Medical Reserve Funds to Capital Reserve Funds. Any town, school district, village district or county which has established a medical reserve fund pursuant to the provisions of this chapter, may vote to transfer to a capital reserve fund any moneys which its governing board deem to be in excess of the amount necessary to satisfy the purpose for which the medical reserve fund was established.
2 Effective Date. This act shall take effect 60 days after its passage.