Bill Text: NH SB103 | 2019 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Authorizing municipalities to engage in multi-town bonding projects.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2019-07-16 - Signed by the Governor on 07/12/2019; Chapter 231; Effective 09/10/2019 [SB103 Detail]

Download: New_Hampshire-2019-SB103-Introduced.html

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SB 103-LOCAL - AS INTRODUCED

 

 

2019 SESSION

19-0906

06/05

 

SENATE BILL 103-LOCAL

 

AN ACT authorizing municipalities to engage in multi-town bonding projects.

 

SPONSORS: Sen. Dietsch, Dist 9; Sen. Kahn, Dist 10; Rep. Moynihan, Coos 2; Rep. Porter, Hills. 1; Rep. Thompson, Ches. 14; Rep. Amanda Bouldin, Hills. 12

 

COMMITTEE: Election Law and Municipal Affairs

 

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ANALYSIS

 

This bill permits towns to issue multi-town bonds for any project.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0906

06/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT authorizing municipalities to engage in multi-town bonding projects.

 

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

 

1  New Section; Powers of Towns; Issuance of Multi-Town Bonds.  Amend RSA 31 by inserting after section 4-a the following new section:

31:4-b  Multi-Town Bonds.  Towns may issue multi-town bonds for any project including, but not limited to, broadband infrastructure bonds and emergency service equipment.

2  Effective Date.  This act shall take effect 60 days after its passage.