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HB1147 • 2026
relative to the use of capital reserve funds.
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
relative to the use of capital reserve funds.
Inexpedient to Legislate: MA VV 03/05/2026 HJ 6 P. 27
Committee Report: Inexpedient to Legislate 02/17/2026 (Vote 17-0; CC) HC 9 P. 21
Executive Session: 02/17/2026 09:00 am GP 154
Public Hearing: 02/03/2026 10:45 am GP 154
Introduced 01/07/2026 and referred to Municipal and County Government HJ 1 P. 8
relative to the use of capital reserve funds.
HB 1147 - AS INTRODUCED 2026 SESSION 26-2462 09/06 HOUSE BILL 1147 AN ACT relative to the use of capital reserve funds. SPONSORS: Rep. Nadeau, Rock. 4; 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 ] Matter which is either (a) all new or (b) repealed and reenacted appears in regular type. 26-2462 09/06 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT relative to the use of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. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 Capital Reserve Funds of Counties, Towns, Districts, and Water Departments; Expenditures. Amend RSA 35:15, III(a) to read as follows: 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 the purpose for which the capital reserve was established[ , including a lease/purchase agreement ]. If the financing agreement is a lease/purchase agreement the following shall apply: (1) The lease/purchase agreement does not contain an "escape clause" or "non-appropriation clause"; and (2) The lease/purchase agreement has been ratified by the legislative body by a vote by ballot of 2/3 of all the voters present and voting at an annual or special meeting. 2 Effective Date. This act shall take effect 60 days after its passage.