SB 254-FN-A - AS INTRODUCED
2019 SESSION
19-0844
08/05
SENATE BILL 254-FN-A
SPONSORS: Sen. Bradley, Dist 3; Rep. Buco, Carr. 2
COMMITTEE: Energy and Natural Resources
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ANALYSIS
This bill appropriates funds to the department of environmental services for the purpose of funding eligible wastewater projects under the state aid grant 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-0844
08/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 State Aid Grant Program; Appropriation to Department of Environmental Services.
I. The sum of $3,652,347, for the fiscal year ending June 30, 2020, is hereby appropriated to the department of environmental services for the purpose of funding state aid grant programs under RSA 486 for wastewater SAG 03-44-44-442010-1003-073-500580. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
II. The sum of $3,781,024, for the fiscal year ending June 30, 2021, is hereby appropriated to the department of environmental services for the purpose of funding state aid grant programs under RSA 486 for wastewater SAG 03-44-44-442010-1003-073-500580. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
2 Effective Date. This act shall take effect July 1, 2019.
19-0844
1/23/19
SB 254-FN-A- FISCAL NOTE
AS INTRODUCED
FISCAL IMPACT: [ X ] State [ ] County [ X ] Local [ ] None
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| Estimated Increase / (Decrease) | |||
STATE: | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
Appropriation | $3,652,347 | $3,781,024 | $0 | $0 |
Revenue | $0 | $0 | $0 | $0 |
Expenditures | $3,652,347 | $3,781,024 | $4,850,221 | $4,924,122 |
Funding Source: | [ X ] General [ ] Education [ ] Highway [ ] Other | |||
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LOCAL: |
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Revenue | $3,652,347 | $3,781,024 | $4,850,221 | $4,924,122 |
Expenditures | $0 | $0 | $0 | $0 |
METHODOLOGY:
This bill makes general fund appropriations of $3,652,347 for FY 2020 and $3,781,024 for FY 2021 to the Department of Environmental Services to fund eligible and completed wastewater projects under the state aid program (RSA 486). The appropriation amounts are estimated based on eligible wastewater projects known to the Department as of 8/15/2018.
The estimates are based on a 20% state grant, assume 20 year loans, and are calculated on project cost projections. Some projects may be eligible for a 30% grant and the actual payments will be based on final eligible project costs net of grants received from other sources such as the USDA or principal forgiveness from the Clean Water State Revolving Fund (CWSRF). The Department estimates expenditures will be $3,652,347 in FY 2020, $3,781,024 in FY 2021, $4,850,221, in FY 2022, $4,924,122 in FY 2023 with $79.9 million paid over the remaining 16 years on the loan. The appropriations for amounts in future fiscal years, after FY 2021, will be included in the Department's biennial operating budget.
AGENCIES CONTACTED:
Department of Environmental Services