CHAPTER 269
SB 428-FN-A - FINAL VERSION
2/17/00.....3445s
17may00.....4271h
2000 SESSION
05/09
SENATE BILL 428-FN-A
AN ACT relative to the health care fund.
SPONSORS: Sen. McCarley, Dist 6; Sen. Wheeler, Dist 21; Sen. Squires, Dist 12; Sen. Russman, Dist 19; Rep. Emerton, Hills 7; Rep. M. Fuller Clark, Rock 36; Rep. Taylor, Straf 11
COMMITTEE: Public Institutions, Health and Human Services
This bill authorizes interest earnings from the health care fund to be continually appropriated to the department of health and human services.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
2/17/00.....3445s
17may00.....4271h
00-2691
05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to the health care fund.
Be it Enacted by the Senate and House of Representatives in General Court convened:
269:1 Accumulated Income of the Health Care Fund. Amend RSA 167:72 to read as follows:
167:72 Accumulated Income. Commencing with the fiscal year ending June 30, 1995, the state treasurer shall annually, on or before October 1, certify an amount to the commissioner which shall be the sum of the income accumulated in the fund that will be available to be expended under RSA 167:71 plus the market value of the principal assets held in the fund. Only the interest earnings shall be expended for the purposes outlined in RSA 167:71, and such interest earnings shall be continually appropriated to the department for said purposes. Notwithstanding any other provision of law, the funds authorized for expenditure shall not be reduced by any funds made available from other sources.
269:2 Effective Date. This act shall take effect July 1, 2000.
(Approved: June 12, 2000)
(Effective Date: July 1, 2000)
LBAO
00-2691
12/17/99
SB 428-FN-A - FISCAL NOTE
AN ACT relative to the development of certain public health initiatives and making an appropriation therefor.
FISCAL IMPACT:
The Department of Health and Human Services states this bill will increase state restricted expenditures by $1,000,000 FY 2001. There will be no fiscal impact on state, county or local revenue or on county and local expenditures.
This bill appropriates $1,000,000 from the Health Care Fund to the Department of Health and Human Services in fiscal year 2001 for the purposes outlined in RSA 167:71.
METHODOLOGY:
The Department states the interest earned on the Health Care Fund in the current biennium will be approximately $1,000,000 greater than the amount appropriated in the operating budget. One half of the additional interest will be earned in FY 2000 and one half will be earned in FY 2001.