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SB 165 · 2025 · Senate · Commerce Committee

Cooperative association audit threshold increase

AI-generated

relative to the audit requirements for consumer cooperative associations.

Increases the financial threshold that triggers the requirement for an annual audit or review of a consumers' cooperative association's books.AI-generated

Status

Signed into law · July 22, 2025
  1. ✓Introduced
  2. ✓Senate
  3. ✓House
  4. ✓Governor
  5. ✓Law

Analysis

This bill increases the threshold for an annual audit or review of a consumers' cooperative association's books.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as enacted. Passages chosen from the operative text.Computed by this site

“Every association shall cause its books to be audited or reviewed at the end of each year by qualified independent accountants who shall not be officers or directors.”
RSA 301-A:30
“Where the annual business of the association amounts to less than $1,000,000 [$100,000], the audit may be made by a committee consisting of 3 members elected at the annual membership meeting.”
RSA 301-A:30
“Where the annual business of the association amounts to between $1,000,000 [$100,000] and $2,000,000 [$250,000], the association shall cause its books to be audited or reviewed.”
RSA 301-A:30
“Where the annual business of the association amounts to more than $2,000,000 [$250,000], the association shall cause its books to be audited.”
RSA 301-A:30

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Sen. Kevin AvardRPrimeDeputy Majority Whip
  • Sen. Keith MurphyRDeputy President Pro Tempore
  • Sen. Regina BirdsellRMajority Leader
  • Sen. David RochefortRChair· Health and Human Services
  • Sen. Timothy LangRMajority Whip
  • Sen. Bill GannonRChair· Judiciary
  • Sen. Daniel InnisRChair· Commerce
  • Sen. Howard PearlRChair· Executive Departments and Administration
  • Sen. Mark McConkeyRChair· Capital Budget

Also: Sen. Tara ReardonD, Sen. David WattersD, Rep. Jim KofaltR

Public testimony

5 signed in online

60% support40% oppose0% neutral

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Mar 20, 2025SenateCommittee report: Ought to Pass6–0
    Overall
    100% yea
  • Mar 20, 2025SenateVoice voteOught to Passadopted
  • Apr 10, 2025HouseVoice voteVacated and Referred to Housing (Rep. Hunt)adopted
  • May 6, 2025HouseCommittee report· consent calendar: Ought to Pass16–0
    Overall
    100% yea
  • May 22, 2025HouseVoice voteOught to Passadopted
  • Jun 26, 2025SenateVoice voteEnrolledadopted

Hearings and debates

  • Feb 20, 2025Public hearingSenate Commerce1:50:16–1:59:058m 49slocated in the stream transcriptHearing
  • Mar 20, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass; Ought to Pass — adopted, voice vote
  • Apr 10, 2025Floor debateHouse floor2:18:04–2:19:121m 8slocated in the stream transcriptVacated and Referred to Housing (Rep. Hunt) — adopted, voice vote
  • Apr 15, 2025Public hearingHouse Housingfrom 6:17:42located in the stream transcriptPublic Hearing
  • May 6, 2025Public hearingHouse Housing8:05–9:251m 20slocated in the stream transcriptCommittee Report: Ought to Pass; Executive Session
  • May 22, 2025Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass — adopted, voice vote
  • Jun 26, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamEnrolled Adopted — voice vote

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 9, 2025SenIntroduced 01/09/2025 and Referred to Commerce; SJ 3
  2. Feb 20, 2025SenHearing: 02/20/2025, Room 100, SH, 10:30 am; SC 10
  3. Mar 20, 2025Sen: Ought to Pass, 03/20/2025; Vote 6-0; CC; SC 13
  4. Mar 20, 2025SenOught to Pass: MA, VV; OT3rdg; 03/20/2025; SJ 8
  5. Mar 27, 2025HouseIntroduced (in recess of) 03/27/2025 and referred to Commerce and Consumer Affairs HJ 11 P. 112
  6. Apr 10, 2025HouseVacated and Referred to Housing (Rep. Hunt): MA VV 04/10/2025 HJ 12 P. 41
  7. Apr 15, 2025HousePublic Hearing: 04/15/2025 02:30 pm LOB 302-304
  8. May 6, 2025HouseExecutive Session: 05/06/2025 10:00 am LOB 305
  9. May 6, 2025House: Ought to Pass 05/06/2025 (Vote 16-0; CC)
  10. May 22, 2025HouseOught to Pass: MA VV 05/22/2025 HJ 15 P. 6
  11. Jun 26, 2025HouseEnrolled (in recess of) 06/26/2025 HJ 18 P. 58
  12. Jun 26, 2025SenEnrolled Adopted, VV, (In recess 06/26/2025); SJ 18
  13. Jul 15, 2025SenSigned by the Governor on 07/15/2025; Chapter 0243; Effective 09/13/2025

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.