Bill Text: NH HB1552 | 2012 | Regular Session | Enrolled
Bill Title: Relative to the reporting of funds.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-06-11 - House Signed By Governor 06/07/2012; Effective 08/06/2012; Chapter 0143 [HB1552 Detail]
Download: New_Hampshire-2012-HB1552-Enrolled.html
HB 1552-FN – VERSION ADOPTED BY BOTH BODIES
8Feb2012… 0273h
28Mar2012… 1179h
04/18/12 1634s
2012 SESSION
06/05
HOUSE BILL 1552-FN
AN ACT relative to the reporting of funds.
COMMITTEE: Executive Departments and Administration
This bill modifies the method of reporting certain funds.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
8Feb2012… 0273h
28Mar2012… 1179h
04/18/12 1634s
12-2481
06/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to the reporting of funds.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Reporting Requirements for Dedicated Funds; Inclusion of All Dedicated Funds, Accounts, or Trusts. Amend RSA 6:12-e and RSA 6:12-f to read as follows:
6:12-e Reporting Requirements for Dedicated Funds. The definitions established in RSA 6:12 shall apply to this section. The administrator of each fund, account, or trust listed in RSA 6:12, RSA 6:12-b, RSA 6:12-c, and RSA 6:12-d shall complete and file an annual report with the commissioner of administrative services on or before September 15[, 2009, and each year thereafter] of each fiscal year, covering the most recently ended fiscal year. The commissioner of administrative services shall compile these reports into a [single] document known as the annual compilation of dedicated funds report on or before November 15 of each year and forward it to the governor, the president of the senate, the speaker of the house of representatives, [and] the legislative budget assistant[. The commissioner of administrative services shall also forward the reports to], and the relevant legislative policy committees of the house and senate as indicated on said reports by the administrator of each fund, account, or trust [by November 15]. The compilation shall be made available in a searchable electronic format and an extractable modified version shall be available for sorting. Each annual report shall be retained in the office of the state comptroller and made available as requested, and shall include, but not be limited to:
I. A description of the activities the fund, account, or trust is required or intended to carry out, and an identification of all [revenues] revenue sources available to said fund, account, or trust.
II. The actual amount of revenue deposited into the fund, account, or trust, [and] the actual amount expended from said fund, account, or trust [during the prior 2 fiscal], and the actual amount of transfers into or out of said fund, account or trust, during the prior 4 fiscal years if said data is available in a suitable format for each of those years.
III. The balance of the fund, account, or trust at the close of the prior [2] 4 fiscal years if said data is available in a suitable format for each of those years.
6:12-f Inclusion of All Dedicated Funds, Accounts, or Trusts.
I. The definitions in RSA 6:12 shall apply to this section. Any dedicated fund, account, or trust that is to be maintained separately from the general fund shall be included in RSA 6:12, RSA 6:12-b, RSA 6:12-c, or RSA 6:12-d.
II. The department to which such a dedicated fund, account, or trust is assigned in the enabling statute shall be responsible for:
(a) Submitting a request to the department of administrative services to open an account in the state’s financial records, indicating that the assigned department has been assigned such a dedicated fund, account, or trust in an enabling statute; and [for]
(b) Submitting a request to the state treasurer to open and separately manage a new trust and agency fund, pursuant to RSA 6:12-c, or a new custodial and escrow account, pursuant to RSA 6:12-d.
III. [Beginning on] By November 15, 2009, and each odd-numbered year thereafter, it shall be the responsibility of the commissioner of administrative services, [in consultation with the relevant assigned department,] to submit a report of funds, accounts, or trusts identified by requests under subparagraph II(b) and not included in RSA 6:12, RSA 6:12-b, RSA 6;12-c, or RSA 6:12-d to the legislative budget assistant and the chairpersons of the ways and means committees of the senate and house of representatives for introduction in the next legislative session in order to include said funds, accounts, or trusts in RSA 6:12, RSA 6:12-b, RSA 6:12-c, or RSA 6:12-d.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
12-2481
Amended 04/23/12
HB 1552 FISCAL NOTE
AN ACT relative to the reporting of funds.
FISCAL IMPACT:
The Department of Administrative Services states this bill, as amended by the Senate (Amendment #2012-1634s), will have no impact on state revenues or expenditures. There will be no impact on county and local revenues or expenditures.
METHODOLOGY:
The Department of Administrative Services states this bill makes several changes to agency reporting and final reporting of certain state dedicated funds. The Department states any changes in its current reporting procedures of dedicated funds as a result of this bill would be absorbed in its current budget.
