SB 313 – AS INTRODUCED
2008 SESSION
05/09
SENATE BILL 313
AN ACT relative to transfers to the revenue stabilization reserve account.
SPONSORS: Sen. Gatsas, Dist 16; Sen. Barnes, Dist 17; Sen. Clegg, Dist 14; Sen. Gallus, Dist 1; Sen. Kenney, Dist 3; Sen. Letourneau, Dist 19; Sen. Roberge, Dist 9; Rep. Whalley, Belk 5; Rep. Weyler, Rock 8
This bill provides that any budget surplus in excess of $53,000,000 at the close of the fiscal year ending June 30, 2007, shall remain in the general fund and not be deposited in the revenue stabilization reserve account.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
08-2653
05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eight
AN ACT relative to transfers to the revenue stabilization reserve account.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Revenue Stabilization Reserve Account. Amend 2007, 263:110 to read as follows:
263:110 Revenue Stabilization Reserve Account. Notwithstanding RSA 9:13-e, any budget surplus in excess of [$20,000,000] $53,000,000, for the close of the fiscal biennium ending June 30, 2007, shall not be deposited in the revenue stabilization reserve account but shall remain in the general fund.
2 Effective Date. This act shall take effect upon its passage.