Bill > HB372

This bill modifies existing law regarding lease agreements for municipal equipment by clarifying that building or facility improvements that become fixtures (permanently attached to a property) cannot be financed through equipment lease agreements. Currently, the law allows municipalities to enter into lease agreements for equipment with certain provisions, such as nonappropriation clauses that are not treated as traditional debt. The bill specifically amends the language to explicitly state that improvements related to the installation, purpose, or operation of equipment cannot be financed under this section of equipment lease agreements. This means municipalities will need to use alternative financing methods for building or facility improvements that become permanent fixtures, rather than incorporating those costs into equipment lease agreements. The bill will take effect 60 days after its passage, giving local governments time to adjust their financial planning and leasing practices accordingly.

Government Affairs

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0425&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB372