HB 372 - AS INTRODUCED
2001 SESSION
05/09
HOUSE BILL 372
AN ACT requiring prepaid home heating oil delivery companies to be bonded.
SPONSORS: Rep. F. Davis, Merr 12; Rep. Greco, Merr 12; Rep. Daneault, Merr 12; Rep. Rush, Merr 12
This bill requires prepaid home heating oil delivery companies to be bonded.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0534
05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT requiring prepaid home heating oil delivery companies to be bonded.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Petroleum Inventories; Performance Bond for Home Heating Oil Delivery Companies Required. Amend RSA 339-D by inserting after section 4 the following new section:
339-D:5 Performance Bond for Person Offering Prepaid Delivery of Home Heating Oil. Any person who offers prepaid delivery of home heating oil shall post a performance bond with the secretary of state. The amount of the performance bond shall be equal to the amount of the prepaid services. If the person offering prepaid delivery of home heating oil fails to provide the contracted services, as determined by a court of competent jurisdiction, the bond shall be forfeited, and the proceeds distributed in such manner as justice and the circumstances require.
2 Effective Date. This act shall take effect 60 days after its passage.