New Hampshire 2025 Regular Session

New Hampshire House Bill HB163 Compare Versions

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Old	New	Differences
1	1	HB 163 - AS AMENDED BY THE SENATE
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3	3	6Feb2025... 0086h
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5	5	05/01/2025 1631s
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7	7	2025 SESSION
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9	9	25-0822
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11	11	07/05
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13	13	HOUSE BILL163
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15	15	AN ACTrelative to state funds.
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17	17	SPONSORS:Rep. Almy, Graf. 17; Rep. Janigian, Rock. 25; Rep. D. McGuire, Merr. 14; Rep. Weyler, Rock. 14; Sen. Gray, Dist 6; Sen. Rosenwald, Dist 13
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19	19	COMMITTEE:Ways and Means
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21	21	AMENDED ANALYSIS
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23	23	This bill:
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25	25	I. Defines new categories of dedicated funds.
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27	27	II. Restructures the placement of dedicated funds within the chapter.
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29	29	III. Repeals outdated fund references and clarifies certain categories of funds.
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31	31	IV. Establishes the New Hampshire armories or other national guard facilities fund in the department of military affairs and veterans services.
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35	35	Explanation:Matter added to current law appears in bold italics.
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37	37	Matter removed from current law appears [in brackets and struckthrough.]
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39	39	Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
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41	41	6Feb2025... 0086h
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43	43	05/01/2025 1631s25-0822
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45	45	07/05
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47	47	STATE OF NEW HAMPSHIRE
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49	49	In the Year of Our Lord Two Thousand Twenty Five
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51	51	AN ACTrelative to state funds.
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53	53	Be it Enacted by the Senate and House of Representatives in General Court convened:
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55	55	1 State Treasurer and State Accounts; Application of Receipts. Amend the introductory paragraph of RSA 6:12, I(b) to read as follows:
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57	57	(b) Moneys received by the state treasurer, as provided in RSA 6:11, shall be accounted for in the state's accounting system as general revenue of the state, with the exception of the following dedicated funds or accounts:
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59	59	(1)(a) Funds received pursuant to RSA 6:12-c, which shall be maintained under the terms of the referenced trust or permanent or endowment fund.
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61	61	(1)(b) Funds received pursuant to RSA 6:12-d, which shall be maintained under the terms of the referenced custodial or escrow account.
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63	63	(1)(c) Any dedicated fund or account not included in RSA 6:12-c or 6:12-d.
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65	65	2 New Subparagraphs; State Treasurer and State Accounts; Application of Receipts. Amend RSA 6:12, I(b) by inserting after subparagraph (399) the following new subparagraphs:
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67	67	(400) Moneys deposited in the water resources project accounts of the department of environmental services established in RSA 482-A:3, III.
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69	69	(401) Moneys deposited in the drinking water groundwater trust fund established in RSA 6-D:1.
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71	71	(402) Moneys deposited in the fox forest trust funds account of the department of natural and cultural resources.
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73	73	(403) Moneys deposited into the New Hampshire armories or other national guard facilities fund established in RSA 110-B:32-b.
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75	75	3 State Treasurer and State Accounts; Application of Receipts. Amend RSA 6:12, III(i) to read as follows:
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77	77	(i) "Custodial fund or account" means moneys or other assets owned by a person or entity but which are entrusted to and controlled by another, the custodian. The role of the custodian includes, but is not limited to, holding such moneys or other assets in safekeeping, arranging for the settlement of any purchases or sales of such assets, collecting income from investments, and providing information to the owners of such moneys or other assets. The state, as a holder of these assets, acts in a fiduciary capacity, agrees to remit the assets, income from the assets, or both, to a specified beneficiary at a specified time.
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79	79	4 State Treasurer and State Accounts; Trust and Agency Funds. Amend the title of RSA 6:12-c to read as follows:
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81	81	6:12-c Trust, Permanent, and Endowment [Agency] Funds.
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83	83	5 New Subparagraphs; State Treasurer and State Accounts; Trust and Agency Funds. Amend RSA 6:12-c, II by inserting after subparagraph (j) the following new subparagraphs:
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85	85	(k) The land conservation investment program trust fund under RSA 162-C.
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87	87	(l) The community conservation endowment pursuant to RSA 227-M:12.
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89	89	(m) The New Hampshire excellence in higher education endowment trust fund under RSA 6:38.
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91	91	(n) The Benjamin Thompson trust fund under RSA 11:6.
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93	93	(o) The Nesmith trust fund under RSA 186-B:8.
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95	95	(p) The special teacher competence fund under RSA 186:7-a.
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97	97	(q) The Connecticut lakes headwaters tract monitoring endowment fund under RSA 216:7.
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99	99	(r) The Connecticut lakes headwaters natural areas stewardship endowment account under RSA 216:9.
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101	101	(s) The Connecticut lakes headwaters tract road maintenance endowment fund under RSA 216:10.
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103	103	(t) The Guy Thompson account of the New Hampshire veterans' home.
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105	105	(u) The youth development center trust funds.
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107	107	6 New Subparagraphs; State Treasurer and State Accounts; Custodial and Escrow Accounts. Amend RSA 6:12-d, II by inserting after subparagraph (m) the following new subparagraphs:
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109	109	(n) The private postsecondary career school deposit accounts pursuant to RSA 188-G:3, IV(b).
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111	111	(o) The yellow transportation escrow account of the department of labor.
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113	113	(p) The crown paper workers compensation escrow account of the department of labor.
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115	115	(q) The electric assistance program fund established in RSA 6:12-b.
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117	117	7 State Treasurer and State Accounts; Reporting Requirements for Dedicated Funds. Amend the introductory paragraph of RSA 6:12-e to read as follows:
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119	119	6:12-e Reporting Requirements for Dedicated Funds. The definitions established in RSA 6:12 shall apply to this section. The administrator of each fund, account, or trust listed in RSA 6:12, RSA 6:12-b, RSA 6:12-c, and RSA 6:12-d shall complete and file an annual report with the commissioner of administrative services on or before [September] October 15 of each fiscal year, covering the most recently ended fiscal year. The commissioner of administrative services shall compile these reports into a document known as the annual compilation of dedicated funds report on or before November 15 of each year and forward it to the governor, the president of the senate, the speaker of the house of representatives, the legislative budget assistant, and the relevant legislative policy committees of the house and senate as indicated on said reports by the administrator of each fund, account, or trust. The compilation shall be made available in a searchable electronic format and an extractable modified version shall be available for sorting. Each annual report shall be retained in the office of the state comptroller and made available as requested, and shall include, but not be limited to:
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121	121	8 State Treasurer and State Accounts; Inclusion of All Dedicated Funds, Accounts, or Trusts. Amend RSA 6:12-f, II (b) to read as follows:
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123	123	(b) Submitting a request to the state treasurer to open and separately manage a new trust, permanent or endowment [and agency] fund, pursuant to RSA 6:12-c, or a new custodial or [and] escrow account, pursuant to RSA 6:12-d.
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125	125	9 Repeal. The following are repealed:
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127	127	I. RSA 6:12, I(b)(71), relative to funds received pursuant to RSA 6:12-b.
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129	129	II. RSA 6:12, I(b)(78), relative to moneys deposited in the land conversation investment program trust fund.
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131	131	III. RSA 6:12, I(b)(115), relative to moneys deposited in the New Hampshire excellence in higher education endowment trust fund.
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133	133	IV. RSA 6:12, I(b)(134), relative to moneys deposited in the Benjamin Thomas trust fund.
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135	135	V. RSA 6:12, I(b)(138), relative to moneys deposited in the Nesmith Trust fund.
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137	137	VI. RSA 6:12, I(b)(139), relative to moneys deposited in the special teacher competence fund.
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139	139	VII. RSA 6:12, I(b)(167), relative to funds received pursuant to RSA 6:12-c.
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141	141	VIII. RSA 6:12, I(b)(168), relative to funds received pursuant to RSA 6-12-d.
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143	143	IX. RSA 6:12, I(b)(219), relative to moneys deposited in the Connecticut Lakes headwaters tract monitoring endowment fund.
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145	145	X. RSA 6:12, I(b)(220), relative to moneys deposited in the Connecticut Lakes headwaters natural areas stewardship endowment account.
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147	147	XI. RSA 6:12, I(b)(221), relative to moneys deposited in the Connecticut Lakes headwaters tract road maintenance endowment fund.
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149	149	XII. RSA 6:12, III(h), relative to the definition of an agency fund.
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151	151	XIII. RSA 6:12-c, II(a), relative to the Caroline A. Fox fund.
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153	153	XIV. RSA 6:12-d, II(c), relative to the special fund for active cases account.
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155	155	XV. RSA 6:12-d, II(e), relative to the dissolution of corporation account.
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157	157	XVI. RSA 6:12-d, II(h), relative to the Guy Thompson account.
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159	159	XVII. RSA 6:12-d, II(j), relative to the water resources project accounts.
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161	161	XVIII. RSA 6:12-d, II(l), relative to the racing and charitable gaming escrow account.
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163	163	10 New Section; Public Defense and Veterans' Affairs; Department of Military Affairs and Veterans Services; New Hampshire National Guard Training Center Funds. Amend RSA 110-B by inserting after section 32-a the following new section:
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165	165	110-B:32-b New Hampshire Armories or Other National Guard Facilities Fund. There is established a fund to be known as the New Hampshire armories or other national guard facilities fund, which shall exclude the New Hampshire national guard training center funds. The money in this fund shall be nonlapsing and shall be continually appropriated to the department of military affairs and veterans services. This fund shall be used to supplement general funds provided to manage and operate the facilities related to rentals other than federal program income. Agency income identified by the chief financial officer of the New Hampshire national guard as eligible for this fund shall be deposited into the fund. Funds may be released for their stated purpose at the discretion of the adjutant general.
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167	167	11 Effective Date. This act shall take effect 60 days after its passage.