Citizen in a RepublicNH Bill Briefing
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SB 167 · 2025 · Senate · Commerce Committee

Cooperative association audit requirements

AI-generated

relative to consumers' cooperative associations annual audit requirements.

Increases the financial threshold requiring an annual audit or review of a consumers' cooperative association.AI-generated

Status

Killed in the Senate — Inexpedient to Legislate · March 20, 2025
  1. ✓Introduced
  2. ✕Senate
  3. House
  4. Governor
  5. Law

Analysis

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

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as introduced. 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 [$100,000] $500,000, 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 [$100,000 and $250,000] $500,000 and $2,000,000, 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 [$250,000] $2,000,000, 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. Tara ReardonDPrime
  • Sen. Timothy LangRMajority Whip
  • Sen. Rebecca Perkins KwokaDMinority Leader
  • Sen. Kevin AvardRDeputy Majority Whip
  • Sen. Howard PearlRChair· Executive Departments and Administration

Also: Rep. Tracy BricchiD

Public testimony

No one submitted online testimony on this bill. See the record

Votes

yeanay
Starting text: Bill as introduced
  • Mar 20, 2025SenateCommittee report: Inexpedient to Legislate6–0
    Overall
    100% yea
  • Mar 20, 2025SenateVoice voteInexpedient to Legislateadopted

Hearings and debates

  • Feb 20, 2025Public hearingSenate Commerce2:06:27–2:09:353m 8slocated in the stream transcriptHearing
  • Mar 20, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Inexpedient to Legislate; Inexpedient to Legislate — 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, 10:45 am; SC 10
  3. Mar 20, 2025Sen: Inexpedient to Legislate, 03/20/2025, Vote 6-0, CC; SC 13
  4. Mar 20, 2025SenInexpedient to Legislate, MA, VV === BILL KILLED ===; 03/20/2025; SJ 8

Coverage

No reporting linked yet.

Documents (PDF)

  • Introducedversion

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