Creating a legislative study committee to investigate the implementation of housing investment trusts in New Hampshire.
Impact
The impact of HB633 on state laws revolves around the potential recommendations that the study committee may propose following their investigations. Should housing investment trusts be deemed viable, the bill could pave the way for new legislation that would enable more flexible structures for funding and developing affordable housing. This could significantly change the dynamics of housing finance in New Hampshire, potentially leading to more sustainable and attractive investment opportunities in real estate.
Summary
House Bill 633 aims to establish a legislative study committee tasked with investigating the implementation of housing investment trusts in New Hampshire. This bill signifies a proactive approach by the state legislature to explore innovative solutions for housing finance and investment, particularly in addressing housing affordability issues across the state. The formation of this committee is an important first step in understanding how such trusts could operate within the existing legal framework and benefit both investors and the housing market.
Contention
While the bill initiates a study process without immediate financial implications—asserted in the fiscal note that it has no fiscal impact on state, county, or local expenditures—the actual adoption of housing investment trusts could bring about points of contention. Elements such as how these trusts are structured, the level of state oversight required, and how they may affect current housing markets would likely generate debate among legislators, stakeholders, and community advocates. Critics may raise concerns about the risks involved, potential gentrification, or the prioritization of profits over community needs.
Relative to establishing a committee to study the New Hampshire board of medicine and making an appropriation to the department of health and human services.
Campaign finance: contributions and expenditures; provision related to officeholders raising funds when facing a recall; modify, and require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
Campaign finance: contributions and expenditures; funds donated to a candidate for recall efforts; require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
A concurrent resolution recognizing wild rice as sacred and central to the culture and health of Indigenous Peoples in Minnesota and critical to the health and identity of all Minnesota citizens and ecosystems and establishing a commitment to passing legislation to protect wild rice and the freshwater resources upon which it depends.