HB 1411-FN-A – AS AMENDED BY THE HOUSE
19Mar2014… 0324h
2014 SESSION
01/10
HOUSE BILL 1411-FN-A
AN ACT relative to restoring moneys to the department of health and human services and depositing the balance of the surplus into the revenue stabilization reserve account.
SPONSORS: Rep. Almy, Graf 13; Rep. Wallner, Merr 10
This bill restores certain moneys to the department of health and human services for cuts made in 2013, 143:10.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19Mar2014… 0324h
14-2494
01/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fourteen
AN ACT relative to restoring moneys to the department of health and human services and depositing the balance of the surplus into the revenue stabilization reserve account.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Department of Health and Human Services; Operating Budget; General Fund Surplus. Amend 2013, 143:10 to read as follows:
143:10 Department of Health and Human Services; Reduction in Appropriation; General Fund Surplus.
I. The department of health and human services is hereby directed to reduce state general fund appropriations by $7,000,000 for the biennium ending June 30, 2015. The department shall provide a quarterly report of reductions made under this section to the fiscal committee of the general court and the governor and council.
II. The reduction amount in paragraph I shall be offset by any fiscal year 2013 general fund surplus greater than $57,000,000 as determined by the official audit performed pursuant to RSA 21-I:8, II(a) and certified to the joint legislative fiscal committee. The maximum amount of the offset to the reduction shall be $7,000,000.
2 Transfer of Surplus to Revenue Stabilization Reserve Account. The state treasurer shall transfer to the revenue stabilization reserve account, established in RSA 9:13-e, an amount equal to any surplus greater than $64,000,000 for the fiscal year ending June 30, 2013 as determined by the official audit performed pursuant to RSA 21-I:8, II(a).
3 Effective Date. This act shall take effect July 1, 2014.
LBAO
14-2494
Amended 03/20/14
HB 1411-FN-A FISCAL NOTE
AN ACT relative to restoring moneys to the department of health and human services and depositing the balance of the surplus into the revenue stabilization reserve account.
FISCAL IMPACT:
The Office of Legislative Budget Assistant states this bill, as amended by the House (Amendment #2014-0324h), will increase state expenditures and revenue by an indeterminable amount in FY 2015. There will be no fiscal impact on county or local revenues and expenditures.
METHODOLOGY:
The Office of Legislative Budget Assistant states this bill will eliminate the $7 million back-of-the-budget appropriation reduction for the Department of Health and Human Services (DHHS) and deposit $8.3 million into the revenue stabilization reserve account. The FY 2014-15 Operating Budget, Chapter 143:10, Laws of 2013, requires the DHHS to reduce general fund appropriations by $7 million for the biennium ending June 30, 2015. The projected combined general and education trust fund surplus calculated in June of 2013 for FY 2013 was $56.9 million. Pursuant to RSA 21-I:8(a), the final audited comprehensive annual financial report (CAFR) showed a combined general and education trust fund surplus for FY 2013 of $72.2 million. Since the final surplus for FY 2013 exceeds the surplus anticipated in June by $15.3 million, the Department’s budget reduction will be eliminated. The remaining excess of $8.3 million will be deposited into the revenue stabilization reserve account. Since the bill is effective on July 1, 2014, the full impact of the bill will be in FY 2015. Federal funds are available to match state general fund expenditures at various rates in different programs in the DHHS budget. The impact on federal revenue cannot be determined at this time because it is not known which specific program or personnel lines would be impacted.