CHAPTER 217
SB 241 – FINAL VERSION
03/19/2015 0830s
2015 SESSION
15-0996
10/09
SENATE BILL 241
AN ACT relative to authorization for the town of Rindge to make capital expenditures from a trust fund.
SPONSORS: Sen. Avard, Dist 12; Sen. Little, Dist 8; Rep. Hunt, Ches 11; Rep. Sterling, Ches 14
COMMITTEE: Public and Municipal Affairs
This bill changes the 2/3 vote requirement established in 1957 for expenditures from the principal of a trust fund.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/19/2015 0830s
15-0996
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fifteen
AN ACT relative to authorization for the town of Rindge to make capital expenditures from a trust fund.
Be it Enacted by the Senate and House of Representatives in General Court convened:
217:1 Town of Rindge; Trust Fund; Use of Principal; Vote Required. Amend 1957, 370:4 to read as follows:
370:4 Use of Principal. All or any part of the principal of said trust fund may be used and expended for a capital expenditure or capital improvement or the acquisition of property upon a vote at a town meeting by ballot of at least [two-thirds] 3/5 of the votes cast[, if the number of ballots cast shall be at least equal in number to one-half of the number of legal voters borne on the check-list of the town at the annual or biennial election next preceding the meeting at which such vote is taken].
217:2 Effective Date. This act shall take effect upon its passage.
Approved: July 6, 2015
Effective Date: July 6, 2015