NH
New Hampshire House Bill HB1228

New Hampshire 2022 Regular Session

New Hampshire House Bill HB1228

Introduced
11/18/21  
Refer
11/18/21  
Report Pass
2/8/22  
Engrossed
3/1/22  
Refer
3/1/22  
Report Pass
3/16/22  
Enrolled
4/8/22  
Chaptered
4/20/22  

Caption

Relative to recommendations of the joint committee on dedicated funds.

Impact

The bill's repeal of inactive dedicated funds will aid in reducing financial clutter in the state’s accounting practices. Those funds currently categorized as inactive but still holding balances will be transferred to other active funds, effectively allowing for their reallocation towards other state needs. Moreover, the bill stipulates the removal of anti-lapsing provisions for certain funds, which means any unutilized funds will revert to the state’s general revenues at specified intervals. Overall, this may enhance the state’s financial flexibility in responding to various economic requirements.

Summary

House Bill 1228-FN addresses recommendations from the joint committee on dedicated funds within the state. The primary goal of the bill is to enhance the management of dedicated funds, which are allocated for specific purposes, typically within state budgets. This legislation proposes the repeal of several inactive dedicated funds and restructures some of the existing finances related to them. The bill thus aims to streamline the excess funds back into active use while ensuring better governance over how these funds are reported and utilized.

Contention

While the bill lacks substantial opposition documented in the transcripts, some stakeholders may express concern over the removal of specific dedicated funds, particularly those designed for economic development. An essential point of contention revolves around how these changes can impact ongoing programs and whether such repeals might lead to future financial challenges if similar dedicated funding becomes necessary again. Furthermore, the adjustments to reporting requirements for dedicated funds may necessitate adaptation from various state departments, potentially leading to a re-evaluation of their budgeting processes.

Companion Bills

No companion bills found.

Previously Filed As

NH HB297

Relative to the state's dedicated funds review.

NH SB400

Provides for certain funds in the state treasury and the powers, duties, functions, and responsibilities of the Dedicated Fund Review Subcommittee of the Joint Legislative Committee on the Budget. (See Act) (EN SEE FISC NOTE GF RV See Note)

NH HB2

Relative to state fees, funds, revenues, and expenditures.

NH HB1548

Relative to recommendations of the joint committee on employee classification.

NH HB2

Relative to state fees, funds, revenues, and expenditures.

NH HB9

Provides for the review of special funds and dedications and requires certain recommendations by the Joint Legislative Committee on the Budget (Item #2)

NH HB518

Provides for a review of special funds and dedications and requires certain recommendations by the Joint Legislative Committee on the Budget (EG NO IMPACT See Note)

NH HB192

Relative to recommendations of the joint committee on employee classification.

NH HB1269

Relative to certain legislative study committees.

NH SB429

Relative to the site evaluation committee.

Similar Bills

No similar bills found.