HB 1348 – AS INTRODUCED

2014 SESSION

14-2590

05/08

HOUSE BILL 1348

AN ACT relative to the community development finance authority.

SPONSORS: Rep. Schroadter, Rock 17

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill expands the definition of community development finance authority projects to include activities that produce a positive impact on the community.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

14-2590

05/08

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fourteen

AN ACT relative to the community development finance authority.

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

1 Community Development Finance Authority; Definition of Project. Amend RSA 162-L:1, IX to read as follows:

IX. “Project” means any commercial, industrial, or real estate business or other economic activity [designed to create or preserve primary employment for low income people or to reduce conditions of blight, economic depression, or widespread reliance on public assistance in a target area or of a target population] that produces a positive impact on a community.

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