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HB 1147 · 2026 · House · Municipal and County Government Committee

Capital reserve fund use rules

AI-generated

relative to the use of capital reserve funds.

Reinstates prior requirements governing the use of a capital reserve fund for multiple payments under lease/purchase financing agreements.AI-generated

Status

Killed in the House — Inexpedient to Legislate · March 5, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

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.

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

“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].”
Section 1

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Brian NadeauRPrime
  • Rep. Margaret DryeRClerk· Education Policy and Administration

Also: Rep. Laurence MinerR, Rep. Linda McGrathR, Rep. Melissa LitchfieldR

Public testimony

2 signed in online

50% support50% oppose0% neutral

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Feb 17, 2026HouseCommittee report· consent calendar: Inexpedient to Legislate17–0
    Overall
    100% yea
  • Mar 5, 2026HouseVoice voteInexpedient to Legislateadopted

Hearings and debates

  • Feb 3, 2026Public hearingHouse Municipal and County Government1:21:12–1:24:483m 36slocated in the stream transcriptPublic Hearing
  • Feb 17, 2026Public hearingHouse Municipal and County Government1:00:23–1:03:212m 58slocated in the stream transcriptCommittee Report: Inexpedient to Legislate; Executive Session
  • Mar 5, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamInexpedient to Legislate — adopted, voice vote

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 Municipal and County Government HJ 1 P. 8
  2. Feb 3, 2026HousePublic Hearing: 02/03/2026 10:45 am GP 154
  3. Feb 17, 2026HouseExecutive Session: 02/17/2026 09:00 am GP 154
  4. Feb 17, 2026House: Inexpedient to Legislate 02/17/2026 (Vote 17-0; CC) HC 9 P. 21
  5. Mar 5, 2026HouseInexpedient to Legislate: MA VV 03/05/2026 HJ 6 P. 27

Coverage

No reporting linked yet.

Documents (PDF)

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