31jan02...2318h

6mar02...2639h

3/21/02 3116eba

2002 SESSION

01-0772

05/09

SENATE BILL 102-A

COMMITTEE: Capital Budget

AMENDED ANALYSIS

This bill:

I. Makes a capital appropriation to support affordable housing initiatives in the state of New Hampshire.

II. Increases capital appropriations made to the department of transportation for the Concord rail bridge and to the New Hampshire Veterans' Home to design and build a new facility.

III. Decreases capital appropriations made to the department of corrections for a halfway house- southern and to the department of transportation for state rail lines.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

31jan02...2318h

6mar02...2639h

3/21/02 3116eba

01-0772

05/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Two

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

26:1 Declaration of Purpose. The study committee on funding for affordable housing, established by 2000, 74, recently filed its report with the general court. The committee report makes findings from its study and identifies proposals offered to the committee as worthy of serious consideration by the legislature. The purpose of sections 1-4 of this act is to adopt specific findings and appropriate sufficient sums to insure full utilization of an increase in the state's allocation of federal low income housing tax credits.

26:2 Findings.

I. The acute shortage of housing affordable to a large number of working households is approaching crisis proportions; for households on fixed or low incomes, the resulting threat of homelessness is immediate. In both cases, it is a matter of legitimate legislative concern.

II. The housing crisis threatens to undermine the state's capacity for economic growth by limiting the ability of employers to attract and retain workers.

III. The crisis is rooted in a complex of causes. Many of these causes, including changes in New Hampshire's wage structure, are beyond the control of the individual families who are bearing the burden of high and rising home prices and rents.

IV. The inability of many working households to effectively participate in the state's housing market has special relevance to the expectation that families can and should take responsibility for becoming and remaining economically self-sufficient.

V. Further funding of the New Hampshire housing finance authority affordable housing fund, established and authorized under RSA 204-C:56-62, will assist in addressing this housing crisis.

26:3 Appropriation. The sums of $2,500,000 for the fiscal year ending June 30, 2003 and $2,500,000 for the fiscal year ending June 30, 2004 are hereby appropriated to the New Hampshire housing finance authority for the purposes set forth in RSA 204-C:56-62. This appropriation shall be nonlapsing.

26:4 Bonds Authorized. To provide funds for the appropriation made in section 3 of this act, the state treasurer is hereby authorized to borrow upon the credit of the state not exceeding the sum of $5,000,000 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, provided said bonds and notes shall not be issued in excess of $2,500,000 for the fiscal year ending June 30, 2003 and an additional $2,500,000 for the fiscal year ending June 30, 2004. Payments of principal and interest of the bonds and notes shall be made from the general funds of the state.

26:5 Capital Budget; 1999; Corrections; Halfway House Project Amount Decreased. Amend 1999, 226:1, V , as extended by 2001, 202:28, III, to read as follows:

V. Department of Corrections.

A. Replace boiler plant - women's prison $ 200,000

B. Year 2000 equipment replacement/upgrade * 146,000

C. Expansion of department WAN * 126,000

D. New halfway house - southern [500,000] 200,000

Total state appropriation paragraph V [$ 972,000] $672,000

26:6 Capital Budget; 1999; Concord Rail Bridge; Veterans' Home; Project Amounts Increased. Amend 1999, 226:1, XIII, as extended by 2001, 202:28, XXXVII, and 1999, 226:1, XIV to read as follows:

XIII. Department of Transportation.

A. Match for FAA projects $ 500,000

B. Match for public transit bus replacement 290,000

C. Acquisition for railroad and airport properties 1,450,000

D. Concord rail bridge [650,000] 1,000,000

E. Compliance, governor's commission on disability -

All general fund agencies 900,000

Total state appropriation paragraph XIII [$ 3,790,000] $4,140,000

XIV. N.H. Veterans Home.

A. Design and build new facility [$10,000,000] $11,900,000

Less federal [-6,500,000] -7,150,000

Net state appropriation subparagraph A [3,500,000] 4,750,000

Total state appropriation paragraph XIV [$3,500,000] $4,750,000

The funds appropriated in subparagraph A shall not lapse.

26:7 Capital Budget; 1999; Total Amended: Amend 1999, 226:1, total state appropriation section 1 to read as follows:

Total state appropriation section 1 [$ 41,311,314] $42,611,314

26:8 Capital Budget; 1999; Bonds Authorized; Total Amended: Amend 1999, 226:8, as amended by 2000, 132:4, to read as follows:

226:8 Bonds Authorized. To provide funds for the total of the appropriations of state funds made in sections 1, 2, 3, and 4 of this act, the state treasurer is hereby authorized to borrow upon the credit of the state not exceeding the sum of [$60,025,314] $61,325,314 and for said purposes may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with the provisions of RSA 6-A.

26:9 Capital Budget; 2001; State Rail Lines; Department of Transportation; Appropriation Reduced. Amend 2001, 202:1, XIII, B to read as follows:

B. Repair State Rail Lines [2,000,000] 600,000

Less Federal [ -1,000,000] -300,000

Net state appropriation subparagraph B [1,000,000] 300,000

26:10 Capital Budget; 2001; Total Amended: Amend 2001, 202:1, XIII, total state appropriation paragraph XIII to read as follows:

Total state appropriation paragraph XIII [$4,087,000] $3,387,000

26:11 Capital Budget; 2001; Total Amended: Amend 2001, 202:1, total state appropriation section 1 to read as follows:

Total state appropriation section 1 [$54,221,200] $53,521,200

26:12 Capital Budget; 2001; Bonds Authorized; Total Amended: Amend 2001, 202:8, I to read as follows:

I. To provide funds for the total of the appropriations of state funds made in sections 1, 3, and 4 of this act, the state treasurer is hereby authorized to borrow upon the credit of the state not exceeding the sum of [$72,301,700] $71,601,700 and for said purposes may issue bonds and notes in the names and on behalf of the state of New Hampshire in accordance with the provisions of RSA 6-A.

26:13 Effective Date.

I. Sections 1-4 of this act shall take effect July 1, 2002.

II. The remainder of this act shall take effect upon its passage.

(Approved: April 3, 2002)

(Effective Date: I. Sections 1-4 of this act shall take effect July 1, 2002.