New Hampshire legislation · 2026 Regular Session
New Hampshire HB1147: relative to the use of capital reserve funds.
Status: Failed, March 5, 2026
What the bill says
An act relative to the use of capital reserve funds. Rep. L. Miner, Rock. 7; Rep. McGrath, Rock. 40; Rep. Drye, Sull. 7; Rep. Litchfield, Rock. 32 COMMITTEE: Municipal and County Government ----------------------------------------------------------------- ANALYSIS This bill reinstates prior requirements for the use of a capital reserve fund for multiple payments under certain financing agreements that are lease/purchase agreements. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Explanation: M.
From the introduced text, January 7, 2026:
AN ACT relative to the use of capital reserve funds. Rep. L. Miner, Rock. 7; Rep. McGrath, Rock. 40; Rep. Drye, Sull. 7; Rep. Litchfield, Rock. 32 COMMITTEE: Municipal and County Government ----------------------------------------------------------------- ANALYSIS This bill reinstates prior requirements for the use of a capital reserve fund for multiple payments under certain financing agreements that are lease/purchase agreements. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type. 26-2462 09/06 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT relative to the use of capital reserve funds. III.(a) Notwithstanding the prohibition of debt retirement fund establishment in RSA 33:2, capital reserve funds may be used for multiple payments under a financing agreement for …
Sponsors
- Brian Nadeau (R, 4) · primary sponsor
- Laurence Miner (R, 7)