summary
Introduced
01/20/2017
01/20/2017
In Committee
01/20/2017
01/20/2017
Crossed Over
Passed
Dead
06/30/2018
06/30/2018
Introduced Session
2018 Regular Session
Bill Summary
Establishing a state bank.
AI Summary
This bill establishes the Development Bank of New Hampshire, a state-owned bank that can accept deposits of public funds and use those funds to make loans to state-chartered financial institutions, government entities, and for participation loans with private financial institutions. The bank is governed by a board of directors appointed by the governor and an advisory committee that provides recommendations. The bank is subject to regulatory oversight, regular audits, and reporting requirements. The state treasurer and banking commissioner are required to provide recommendations for implementing the bank, including any necessary constitutional or statutory changes.
Committee Categories
Business and Industry
Sponsors (8)
Valerie Fraser (R)*,
Richard Abel (D),
John Bordenet (D),
John Burt (R),
John Cloutier (D),
Chris Herbert (D),
Timothy Horrigan (D),
Kermit Williams (D),
Last Action
Executive Session: 10/02/2018 01:30 PM Legislative Office Building302 (on 09/18/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=356&sy=2018&sortoption=&txtsessionyear=2018&txtbillnumber=HB590 |
| BillText | https://gc.nh.gov/bill_status/legacy/bs2016/billText.aspx?sy=2018&id=376&txtFormat=html |
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