HB 740-FN-LOCAL - AS INTRODUCED
2003 SESSION
08/09
HOUSE BILL 740-FN-LOCAL
AN ACT relative to the process for adopting a default budget in official ballot towns, and applying the default budget provisions in school districts having adopted the official ballot method.
COMMITTEE: Municipal and County Government
This bill requires a special meeting before a default budget is mandated, and limits default budgets to actual expenditures or actual appropriations authorized for the previous year.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-0055
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT relative to the process for adopting a default budget in official ballot towns, and applying the default budget provisions in school districts having adopted the official ballot method.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Default Budgets. RSA 40:13, X is repealed and reenacted to read as follows:
X. If no operating budget article is adopted, the governing body of the local political subdivision shall hold a special meeting pursuant to paragraph XVI to take up the issue of a revised operating budget only; provided that RSA 31:5 and RSA 197:3 shall not apply to such a special meeting. If after a special meeting no operating budget article is adopted, the governing body shall be deemed to have approved the actual appropriations or expenditures, whichever is less, authorized for the previous year, reduced and increased, as the case may be, by debt service, contracts, and other obligations previously incurred or mandated by law, or reduced by one-time expenditures contained in the operating budget. For the purposes of this paragraph, one-time expenditures shall be appropriations not likely to recur in the succeeding budget, as determined by the governing body of the local political subdivision.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
03-0055
1/27/03
HB 740-FN-LOCAL - FISCAL NOTE
AN ACT relative to the process for adopting a default budget in official ballot towns, and applying the default budget provisions in school districts having adopted the official ballot method.
FISCAL IMPACT:
Due to time constraints, the Office of Legislative Budget Assistant is unable to provide a fiscal note for this bill at this time. When completed, the fiscal note will be forwarded to the House Clerk's Office.