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HB 1042 · 2026 · House · Finance Committee

Raising housing finance authority's debt cap

AI-generated

(Second New Title) relative to the cap on outstanding obligations for which the housing finance authority is allowed.

Raises the cap on outstanding obligations and increases the bonding authority allowed for the housing finance authority.AI-generated

Status

Signed into law · July 20, 2026
  1. ✓Introduced
  2. ✓House
  3. ✓Senate
  4. ✓Governor
  5. ✓Law

Analysis

This bill raises the cap on outstanding obligations for which the housing finance authority is allowed and increases the bonding authority for the housing finance authority.

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

“Except as may otherwise be expressly provided by resolution of the authority, every issue of its notes and bonds shall be general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular revenues.”
RSA 204-C:28
“The authority shall not at any time have outstanding obligations, other than obligations to which paragraph II applies, the unpaid principal amount of which is in excess of [$600,000,000] $1,000,000,000 in the aggregate.”
RSA 204-C:28
“In computing the total amount of obligations of the authority which may at any time be outstanding for any purpose under this chapter, the amount of the outstanding obligations refunded or to be refunded from the proceeds of the sale of new obligations or by the exchange of new obligations shall be excluded.”
RSA 204-C:28
“In addition to the obligations which the authority may have outstanding under paragraph I, the authority may issue notes and bonds not in excess of [$800,000,000] $1,000,000,000 for the purposes specified in this paragraph.”
RSA 204-C:28

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Joe SweeneyRPrimeDeputy Majority Leader
  • Sen. Daryl AbbasRPresident Pro Tempore

Public testimony

7 signed in online · 3 wrote testimony

0% support100% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“Banks, the SBA and other private sources provide loans to businesses. There is no reason that NH taxpayers should be in the business of lending to private parties!!”
— Arnold Scott, Strathamopposes
“Subsidizing lending eventually leads to corruption and gaming of the system. I do not want to see an NH version of USAID. Nor do I want bureaucrats in control of the economy. NO.”
— tom luther, claremontopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced

Hearings and debates

  • Jan 30, 2026Public hearingHouse Finance2:44–4:001m 16slocated in the stream transcriptPublic Hearing
  • Feb 9, 2026Public hearingHouse Finance - Division I1:35:36–1:39:444m 8slocated in the stream transcriptDivision I Work Session
  • Feb 20, 2026Public hearingHouse Finance1:00:55–1:08:237m 28slocated in the stream transcriptMajority Committee Report: Ought to Pass with Amendment # 2026-0859h — roll call; Division I Work Session; Executive Session
  • Mar 11, 2026Floor debateHouse floor7:34:25–7:39:425m 17slocated in the stream transcriptOught to Pass with Amendment 2026-0859h — adopted, division 175-141; Amendment # 2026-0859h — adopted, voice vote
  • Mar 24, 2026Public hearingSenate Finance3:49–17:3713m 48slocated in the stream transcriptHearing
  • Apr 7, 2026Public hearingSenate Finance2:56–4:501m 54slocated in the stream transcriptHearing
  • Apr 16, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass with Amendment # 2026-1388s; Ought to Pass with Amendment # 2026-1388s — adopted, voice vote; Committee Amendment # 2026-1388s — adopted, voice vote
  • May 7, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamSen. Gray Accedes to House Request for Committee of Conference — adopted, voice vote; President Appoints: Senators Gray, Innis, Rosenwald; (In Recess
  • May 7, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamHouse Non-Concurs with Senate Amendment 2026-1388s (Rep. Weyler) — adopted, voice vote; Speaker Appoints: Reps. Sweeney, D. McGuire, Alexander Jr., Leishman
  • Jun 4, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamConference Committee Report Filed, # 2026-2071c; Conference Committee Report # 2026-2071c, Adopted — voice vote; Enrolled Bill Amendment # 2026-2182e Adopted — voice vote
  • Jun 4, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamConference Committee Report 2026-2071c: Adopted — voice vote; Enrolled Bill Amendment # 2026-2182e — adopted, voice vote; Enrolled (in recess)

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

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Finance HJ 1 P. 3
  2. Jan 22, 2026House==CANCELLED== Public Hearing: 01/22/2026 10:00 am GP 230
  3. Jan 30, 2026HousePublic Hearing: 01/30/2026 10:00 am GP 230
  4. Feb 9, 2026HouseDivision I Work Session: 02/09/2026 10:00 am GP 234
  5. Feb 20, 2026HouseDivision I Work Session: 02/20/2026 11:00 am GP 230
  6. Feb 20, 2026HouseExecutive Session: 02/20/2026 02:30 pm GP 230
  7. Feb 20, 2026HouseMajority Committee Report: Ought to Pass with Amendment # 2026-0859h 02/20/2026 (Vote 16-9; RC) HC 10 P. 47
  8. Mar 3, 2026HouseMinority Committee Report: Inexpedient to Legislate
  9. Mar 11, 2026HouseAmendment # 2026-0859h: AA VV 03/11/2026 HJ 7 P. 173
  10. Mar 11, 2026HouseOught to Pass with Amendment 2026-0859h: MA DV 175-141 03/11/2026 HJ 7 P. 173
  11. Mar 12, 2026SenIntroduced 03/12/2026 and Referred to Finance; SJ 7
  12. Mar 24, 2026SenHearing: 03/24/2026, Room 103, SH, 01:30 pm; SC 11
  13. Apr 7, 2026SenHearing: 04/07/2026, Room 103, SH, 01:16 pm, on proposed non-germane amendment # 2026-1285s; SC 13
  14. Apr 16, 2026Sen: Ought to Pass with Amendment # 2026-1388s, 04/16/2026; Vote 6-0; CC; SC 14
  15. Apr 16, 2026SenCommittee Amendment # 2026-1388s, AA, VV; 04/16/2026; SJ 9
  16. Apr 16, 2026SenOught to Pass with Amendment # 2026-1388s, MA, VV; OT3rdg; 04/16/2026; SJ 9
  17. May 7, 2026HouseHouse Non-Concurs with Senate Amendment 2026-1388s (Rep. Weyler): MA VV 05/07/2026 HJ 12 P. 39
  18. May 7, 2026HouseSpeaker Appoints: Reps. Sweeney, D. McGuire, Alexander Jr., Leishman 05/07/2026 HJ 12 P. 39
  19. May 7, 2026SenSen. Gray Accedes to House Request for Committee of Conference, MA, VV; (In recess 05/07/2026); SJ 12
  20. May 7, 2026SenPresident Appoints: Senators Gray, Innis, Rosenwald; (In Recess 05/07/2026); SJ 12
  21. May 26, 2026HouseConference Committee Meeting: 05/26/2026 01:00 pm GP 228
  22. Jun 4, 2026SenConference Committee Report Filed, # 2026-2071c; 06/04/2026
  23. Jun 4, 2026SenConference Committee Report # 2026-2071c, Adopted, VV; 06/04/2026; SJ 14
  24. Jun 4, 2026HouseConference Committee Report 2026-2071c: Adopted, VV 06/04/2026 HJ 15
  25. Jun 4, 2026SenEnrolled Bill Amendment # 2026-2182e Adopted, VV, (In recess of 06/04/2026); SJ 14
  26. Jun 4, 2026HouseEnrolled Bill Amendment # 2026-2182e: AA VV (in recess of) 06/04/2026 HJ 15
  27. Jun 4, 2026HouseEnrolled (in recess of) 06/04/2026 HJ 15
  28. Jun 4, 2026SenEnrolled Adopted, VV, (In recess 06/04/2026); SJ 15
  29. Jul 15, 2026HouseSigned by Governor Ayotte 07/15/2026; Chapter 320; eff.09/13/2026

Coverage

No reporting linked yet.

Documents (PDF)

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