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2002 SESSION

02-3030

08/09

SENATE BILL 318

COMMITTEE: Ways and Means

AMENDED ANALYSIS

This bill permits certain transfers from the sweepstakes fund to pay for expenses related to retirement and health benefits, if approved by the legislative fiscal committee and the governor and council.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

4apr02...3071h

5/2/02 3730cofc

02-3030

08/09

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:

224:1 Sweepstakes Fund. Amend RSA 284:21-j to read as follows:

284:21-j Establishment.

I. The state treasurer shall credit all moneys received from the sweepstakes commission, and interest received on such moneys, to a special fund from which the treasurer shall pay all expenses of the commission incident to the administration of this subdivision and RSA 287-E. Any balance left in such fund after such expenses are paid shall be deposited in the education trust fund established under RSA 198:39.

II. Notwithstanding any other provision of law, if the expenditure of additional funds over budget estimates is necessary for the proper functioning of the sweepstakes commission, the commission may request, with prior approval of the legislative fiscal committee, that the governor and council authorize the transfer of funds from the sweepstakes fund for expenses related to retirement and health benefits.

224:2 Effective Date. This act shall take effect July 1, 2002.

(Approved: May 17, 2002)

(Effective Date: July 1, 2002)