New Hampshire SB 525: raising the maximum amount of state guarantees in force.

Bill Text

SB 525 - VERSION ADOPTED BY BOTH BODIES

2026 SESSION

 26-2113

 07/06

SENATE BILL 525

AN ACT raising the maximum amount of state guarantees in force.

SPONSORS: Sen. Innis, Dist 7; Sen. Lang, Dist 2; Sen. Watters, Dist 4; Sen. Pearl, Dist 17; Sen. Avard, Dist 12; Sen. Abbas, Dist 22

COMMITTEE: Commerce

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ANALYSIS

 This bill raises the maximum amount of state guarantees in force.

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Explanation: Matter added to current law appears in bold italics.

 Matter removed from current law appears [in brackets and struckthrough.]

 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 26-2113

 07/06

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT raising the maximum amount of state guarantees in force.

Be it Enacted by the Senate and House of Representatives in General Court convened:

 1 Public Safety and Welfare; Business Finance Authority; Unified Contingent Credit Limit. Amend RSA 162-A:22 to read as follows:

 162-A:22 Unified Contingent Credit Limit. The total amount of state guarantees in force under RSA 162-A:7-a, RSA 162-A:8, RSA 162-A:10, III, RSA 162-A:13, RSA 162-A:13-a, RSA 162-A:17, and RSA 162-I:9-b shall not exceed in the aggregate at any time $50,000,000 plus interest, provided that such amount shall be increased to $80,000,000 plus interest on January 1, 1993, to $95,000,000 plus interest on January 1, 1994, and to $115,000,000 plus interest on May 1, 2015, [and] to $200,000,000 plus interest on June 1, 2023, and to $500,000,000 plus interest on March 1, 2026.

 2 Effective Date. This act shall take effect upon its passage.