HB 1482 - AS INTRODUCED
2000 SESSION
HOUSE BILL 1482
AN ACT relative to funding of municipal projects.
SPONSORS: Rep. Soltani, Merr 10
COMMITTEE: Municipal and County Government
This bill allows a local political subdivision operating under the official ballot form of meeting to adopt a warrant article setting certain dollar limits on the financing of a capital improvement project.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2439
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to funding of municipal projects.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Capital Improvement Project Limits; Local Option. Amend RSA 35 by inserting after section 8 the following new section:
35:8-a Capital Improvement Project Limits; Local Option.
I. Any local political subdivision which has adopted official ballot voting procedures pursuant to RSA 40:13 may adopt at an annual meeting an article authorizing specific limits on an authorized capital improvement project. Such warrant article shall state a limit on the amount per year that may be appropriated for the capital improvement project and a total appropriation amount that may not be exceeded for the duration of the project. Such warrant article shall also state that financing of the capital improvement project may include the issuance of bonds and a capital reserve fund established pursuant to RSA 35:1, and that the funds shall be administered and expended by the governing body.
II. The question may be placed on the warrant of the annual meeting by the governing body, or by petition under RSA 39:3 or RSA 197:6. The final date for submission of the article if petitioned shall be in accordance with RSA 40:13, II(b).
III. A hearing on the question and notice of the hearing shall be in accordance with RSA 40:13, II(a) and (c). Notice of the hearing shall be posted in at least 2 public places in the local political subdivision and published in a newspaper of general circulation at least 7 days prior to the date of the hearing.
IV. The wording of the question shall be: "Shall we adopt the following limits for (description of capital improvement project)? No more than (here insert dollar amount) shall be appropriated in any year for the project, and no more than (here insert dollar amount) shall be appropriated for the duration of the project. Financing for the project may include sums from a capital reserve fund established under RSA 35:1 and from bond issues. Project funds shall be administered and expended by the (governing body). The (governing body) (recommends/does not recommend) these limits."
V. If 3/5 of the voters voting on the question vote in the affirmative, the proposed warrant article shall be in effect in accordance with the terms of the article until such time as the local political subdivision votes to rescind its vote.
2 Official Ballot Referenda Form of Meeting; Schedule. Amend RSA 40:13, II(a)-(c) to read as follows:
(a) The final date for posting notice of budget hearings under RSA 32:5 and RSA 195:12 and hearings under RSA 33:8-a and RSA 35:8-a shall be the first Tuesday in January.
(b) The "budget submission date" as defined in RSA 273-A:1, III and the final date for submission of petitioned articles under RSA 35:8-a, RSA 39:3, and RSA 197:6 shall be the second Tuesday in January.
(c) Budget hearings under RSA 32:5 and RSA 195:12 and hearings under RSA 33:8-a, RSA 35:8-a, and RSA 675:3 shall be held on or before the third Tuesday in January.
3 Official Ballot Referenda Form of Meeting; Approval of Warrant Articles. Amend RSA 40:13, XIII to read as follows:
XIII. Approval of all warrant articles shall be by simple majority except for questions which require a 3/5 or 2/3 vote by law, contract, or written agreement.
4 Effective Date. This act shall take effect 60 days after its passage.