Bill > HB633

This bill establishes a legislative study committee to investigate housing investment trusts (HITs) in New Hampshire, which are likely financial vehicles designed to facilitate real estate and housing investments. The committee will consist of four members: three representatives from the House of Representatives appointed by the Speaker, and one Senator appointed by the Senate President. These legislative members will receive mileage compensation when attending committee meetings. The committee's primary duty is to investigate the implementation of housing investment trusts in the state, and they will elect a chairperson from among their members. The first meeting must occur within 45 days of the bill's effective date, and a quorum will require three members. By November 1, 2025, the committee is required to submit a comprehensive report detailing their findings and any recommended legislation to key state officials, including the Speaker of the House, Senate President, House and Senate Clerks, Governor, and State Library. The bill takes effect immediately upon passage, and according to the fiscal note, it is not expected to have any financial impact on state, county, or local budgets.

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https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=0685&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB633