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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 unified contingent credit limit applicable to New Hampshire business finance authority projects and programs.

From the bill's official ANALYSIS section.

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

Hearings

  • 2026-01-2210:00 amHouse FinanceGP 230Public hearingcancelled
  • 2026-01-3010:00 amHouse FinanceGP 230Public hearing
  • 2026-02-0910:00 amHouse Finance - Division IGP 234Public hearingrescheduled
  • 2026-02-2011:00 amHouse Finance - Division IGP 230Public hearing
  • 2026-02-202:30 pmHouse FinanceGP 230Public hearing
  • 2026-03-241:30 pmSenate FinanceSH 103Public hearing
  • 2026-04-071:15 pmSenate FinanceSH 103Public hearing

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.