Bill Text: NH SB251 | 2022 | Regular Session | Enrolled
Bill Title: Relative to the advisory board of a tax increment financing district.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2022-06-08 - Signed by the Governor on 06/07/2022; Chapter 0151; Effective 08/06/2022 [SB251 Detail]
Download: New_Hampshire-2022-SB251-Enrolled.html
SB 251 - VERSION ADOPTED BY BOTH BODIES
03/17/2022 1010s
2022 SESSION
22-3009
05/10
SENATE BILL 251
AN ACT relative to the advisory board of a tax increment financing district.
SPONSORS: Sen. Birdsell, Dist 19; Sen. Gray, Dist 6
COMMITTEE: Election Law and Municipal Affairs
-----------------------------------------------------------------
AMENDED ANALYSIS
This bill requires members of an advisory board for a tax increment financing district to be owners or occupants of real property within the community and requires at least one member to be an owner or occupant of real property within the district.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/17/2022 1010s 22-3009
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
AN ACT relative to the advisory board of a tax increment financing district.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Advisory Board of Tax Increment Financing District. Amend RSA 162-K:14, I to read as follows:
I. The legislative body of the municipality shall create an advisory board for each development district that ensures fair representation of business and community interests. The board shall consist of such number of members appointed or elected as determined by the legislative body. A majority of members shall be owners or occupants of real property within [or adjacent to the development district] the community and at least one member shall be an owner or occupant of real property within the development district. In a substantially residential development district, however, the board shall consist solely of owners or occupants of real property within [or adjacent to the district] the community and at least one member shall be an owner or occupant of real property within the development district.
2 Effective Date. This act shall take effect 60 days after its passage.
