2001 SESSION

01-0166

08/10

HOUSE BILL 176-FN-LOCAL

COMMITTEE: Public Works and Highways

ANALYSIS

This bill requires the transfer to the city of Portsmouth real estate acquired by the state port authority within the city of Portsmouth.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01-0166

08/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

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

1 Transfer of Certain Lands to the City of Portsmouth. Notwithstanding RSA 4:40, all real estate acquired by the state port authority within the city of Portsmouth for purposes of carrying out the provisions of RSA 271-A shall be transferred to the city of Portsmouth within 2 years of the effective date of this act.

2 State Port Authority Property; Payments in Lieu of Taxes. Amend RSA 271-A:17 to read as follows:

271-A:17 Payments in Lieu of Taxes. The property of the authority is declared to be public property and shall be exempt from all taxes and special assessments of the state or any political subdivision thereof; provided that in lieu of such taxes the authority shall make payments to the city of Portsmouth in the amount of $30,000 annually for the tax year commencing April 1, 1975, and each subsequent tax year for highway maintenance, fire protection or other services, until such time as property acquired by the authority within the city of Portsmouth is transferred to the city.

3 Effective Date. This act shall take effect 60 days after its passage.

LBAO

01-0166

1/5/01

HB 176-FN-LOCAL - FISCAL NOTE

FISCAL IMPACT: