CHAPTER 2
HB 763-LOCAL - FINAL VERSION
2001 SESSION
10/09
HOUSE BILL 763-LOCAL
This bill allows for the state investment in obligations of New Hampshire county governments.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-1080
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to obligations of county governments.
Be it Enacted by the Senate and House of Representatives in General Court convened:
2:1 Investment of Funds; County Government Added. Amend RSA 6:8 to read as follows:
6:8 Investment of Funds. All funds over which the state has exclusive control, aside from such sums of money as the treasurer may deem necessary to hold or deposit for meeting current expenses, shall be invested by the treasurer, with the approval of the governor and council, in obligations of the United States government, in obligations of any county government, municipal government, or district or division thereof within the state of New Hampshire, in obligations which are legal investments for savings banks and trust companies, in all types of savings accounts, in participation units in the public deposit investment pool established pursuant to RSA 383:22, in certificates of deposit of state or federally chartered banking institutions within New Hampshire, or in certificates of deposit of national banks within the commonwealth of Massachusetts.
2:2 Legal Investments; County Obligations. Notwithstanding the provisions of RSA 387:6, III(a), any obligations of any county government or district or division within the state as provided in RSA 6:8 as amended by section 1 of this act shall be a legal investment.
2:3 Effective Date. This act shall take effect upon its passage.
(Approved: February 22, 2001)
(Effective Date: February 22, 2001)