SB 525-FN-A - AS AMENDED BY THE SENATE
03/11/04 0648s
2004 SESSION
09/10
SENATE BILL 525-FN-A
AN ACT relative to land and community heritage investment program administration.
SPONSORS: Sen. Larsen, Dist 15; Sen. Estabrook, Dist 21; Sen. Cohen, Dist 24; Sen. Below, Dist 5; Rep. Spang, Straf 72; Rep. C. Hamm, Merr 34
The bill allows loans to be made to eligible applicants for financial assistance under the land and community heritage investment trust program.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/11/04 0648s
04-3254
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Four
AN ACT relative to land and community heritage investment program administration.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Program Administration; Financial Assistance. Amend the introductory paragraph of RSA 227-M:8, III to read as follows:
III. Financial assistance to eligible applicants shall be provided through grants and block grants (grants to another organization for re-granting) and loans. Financial assistance may only be expended on eligible resources for the following purposes:
2 Effective Date. This act shall take effect July 1, 2004.
LBAO
04-3254
Amended 3/15/04
SB 525 FISCAL NOTE
AN ACT relative to land and community heritage investment program administration.
FISCAL IMPACT:
The Office of Legislative Budget Assistant has determined this bill, as amended by the Senate (Amendment #2004-0648s), will have no fiscal impact on state, county, and local revenue or expenditures.
METHODOLOGY:
The Office states this bill would allow the Land and Community Heritage Investment Program to issue loans to eligible applicants in addition to grants.