HB 432 - AS INTRODUCED
2001 SESSION
10/01
HOUSE BILL 432
COMMITTEE: Municipal and County Government
This bill increases the amount that may be raised and appropriated by a county for the purpose of a capital reserve fund.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0345
10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to the limit on appropriations to the capital reserve fund of a county.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Capital Reserve Funds; Limitations; Counties. Amend RSA 35:8 to read as follows:
35:8 Limitations on Appropriations. No town, school district, or village district shall raise and appropriate in any one year for such reserve an amount in excess of 1/2 of one percent of the last base valuation for debt limit computed pursuant to RSA 33:4-b of said town or district; no county shall raise and appropriate for such reserve an amount in excess of [1/100] 1/10 of one percent of the last base valuation for debt limit computed pursuant to RSA 33:4-b for all municipalities included in said county.
2 Effective Date. This act shall take effect 60 days after its passage.