SB 80-A - AS INTRODUCED
2001 SESSION
05/09
SENATE BILL 80-A
AN ACT making a capital appropriation to the department of regional community-technical colleges for planning of a student residence on the Berlin campus.
SPONSORS: Sen. Burns, Dist 1; Rep. Gallus, Coos 7; Rep. Rozek, Coos 7; Rep. Horton, Coos 3; Rep. Guay, Coos 6; Rep. Woodward, Coos 7
This bill makes a capital appropriation to the department of regional community-technical colleges for planning of a student residence on the Berlin campus.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0669
05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT making a capital appropriation to the department of regional community-technical colleges for planning of a student residence on the Berlin campus.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Appropriation; Department of Regional Community-Technical Colleges; Student Residence on Berlin Campus. The sum of $100,000 is appropriated to the department of regional community-technical colleges for the purpose of site planning and architectural renderings and other services associated with the planning of a student residence on the Berlin campus of the New Hampshire community technical college system.
2 Bonds Authorized. To provide funds for the appropriation made in section 1 of this act, the state treasurer is hereby authorized to borrow upon the credit of the state not exceeding the sum of $100,000 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A.
3 Effective Date. This act shall take effect July 1, 2001.
LBAO
01-0669
1/18/01
SB 80-A - FISCAL NOTE
AN ACT making a capital appropriation to the department of regional community-technical colleges for planning of a student residence on the Berlin campus.
FISCAL IMPACT
The Treasury Department has determined that this bill will increase state general fund expenditures by $10,917 in FY 2002, by $10,617 in FY 2003, by $10,317 in FY 2004 and by $10,070 in FY 2005. There will be no effect on county or local expenditures or on state, county and local revenues. This bill increases general fund bonded indebtedness by $100,000.
The Treasury Department has indicated that the amount of all outstanding general obligation bonded indebtedness on behalf of and incurred by the state as of June 30, 2000 is $592,100,000. The amount of general fund bonds authorized, but unissued as of June 30, 2000 is $192,000,000.
The Treasury Department has assumed that the proposed bond authorization will be issued half in FY 2002 and half in FY 2003. Current Interest Bond rates are variable based on July 2000 rates and are amortized over 20 years (60% of the principal paid in the first ten years, 40% paid in the second 10 years). An estimated debt retirement schedule for all outstanding general fund bonded indebtedness, including the proposed authorization contained in this bill through FY 2005, is displayed below:
|
FISCAL YEAR ENDING |
CURRENT DEBT SERVICE |
PROPOSED ADDITIONAL DEBT SERVICE |
TOTAL | |||
2001 |
$64,769,000 |
$0 |
$64,769,000 | |||
2002 |
$58,094,000 |
$10,917 |
$58,104,917 | |||
2003 |
$57,260,000 |
$10,617 |
$57,270,617 | |||
2004 |
$56,603,000 |
$10,317 |
$56,613,317 | |||
2005 |
$52,385,000 |
$10,070 |
$52,395,070 |