Bill > HB163

This bill restructures and clarifies how dedicated state funds are categorized, managed, and reported. It defines three main categories of funds: trust/permanent/endowment funds, custodial or escrow accounts, and other dedicated funds. The bill adds several new funds to these categories, including the New Hampshire armories or other national guard facilities fund, which will provide supplemental funding for managing national guard facilities. It modifies reporting requirements by changing the annual report deadline from September to October and mandating that these reports be compiled into a searchable electronic document. The bill also repeals several outdated fund references and clarifies terminology, such as removing the term "agency fund" and updating definitions related to custodial accounts. Specifically, it expands the definition of custodial accounts to emphasize the state's fiduciary role in managing these assets. The new national guard facilities fund will allow the department of military affairs to use agency income for facility management, with funds to be released at the discretion of the adjutant general. The bill will take effect 60 days after its passage.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=0822&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB163