New Hampshire SB 492: relative to the electric renewable portfolio standard.

Bill Text

SB 492-FN - AS AMENDED BY THE HOUSE

01/29/2026 0114s

23Apr2026... 1443h

2026 SESSION

 26-2057

 06/07

SENATE BILL 492-FN

AN ACT authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.

SPONSORS: Sen. Watters, Dist 4; Sen. Sullivan, Dist 18; Sen. Lang, Dist 2; Sen. Pearl, Dist 17; Sen. Fenton, Dist 10; Sen. Birdsell, Dist 19; Sen. Avard, Dist 12; Sen. Perkins Kwoka, Dist 21; Sen. Prentiss, Dist 5; Rep. Moffett, Merr. 4; Rep. Rollins, Sull. 3; Rep. Mandelbaum, Rock. 21; Rep. Seibert, Hills. 21

COMMITTEE: Executive Departments and Administration

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ANALYSIS

This bill:

 I. Authorizes the department of military affairs and veterans services to lease or license property under its jurisdiction.

 II. Clarifies that when department property is leased or licensed to private entities that are not exempt from taxation, the property is subject to local property taxes as though privately owned.

 III. Outlines the responsibilities of lessees and licensees to pay taxes, the penalties for nonpayment, and the municipality’s authority to enforce collection through liens and legal action.

 IV. Establishes a dedicated property fund for the department.

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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01/29/2026 0114s

23Apr2026... 1443h 26-2057

 06/07

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.

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

 1 New Paragraphs; National Guard Facilities. Amend RSA 110-B:28 by inserting after paragraph VI the following new paragraphs:

 VII. The department of military affairs and veterans services shall have the authority to license or lease all property under its jurisdiction.

 VIII. All department property that is leased or licensed by a person, other than by the department or any other entity exempted from taxation under RSA 72:23, shall include in the lease or other agreement the terms providing for the payment of properly assessed real and personal property taxes by the party using or occupying said property under the provisions of RSA 72:23. 

 2 New Section; Department of Military Affairs and Veterans Services Fund. Amend RSA 110-B by inserting after section 28-a the following new section: 

 110-B:28-b Department of Military Affairs and Veterans Services Property Fund. 

 I. There is hereby established in the office of the state treasurer a fund to be known as the department of military affairs and veterans services property fund, which shall be kept distinct and separate from all other funds. The fund shall consist of such moneys as may be appropriated to the department for each fiscal year relating to department property, department projects, or any activity of the department, as well as any gifts, grants, or donations received for such purpose. All moneys in the department of military affairs and veterans services property fund shall be nonlapsing and continually appropriated to the department. 

 II. Moneys credited to the fund may be expended by the department for the benefit of the department: 

 (a) To purchase, lease, acquire, own, improve, use, sell, convey, transfer, or otherwise deal in and with department property, department projects, or any interest therein, whether tangible or intangible, as authorized under this chapter. 

 (b) To pay the costs of operating, maintaining, improving, and repairing department property and department projects. 

 (c) To pay all administrative and operational expenses of the department authorized by law, including, but not limited to, wages, salaries, benefits, reasonable overhead expenses, and expenses allocated by law or authorized by the adjutant general, including any allocation or reimbursement to other department or authority funds, as permitted by law. 

 (d) To pay the principal of, and premium, if any, and the interest on any outstanding bonds of the state related to department property or department projects, as such obligations become due and payable.

 (e) To create and maintain reserves as required by any bond resolution or security document relating to such bonds.

 (f) To pay any payments in lieu of taxes required by law, if any, related to department property or department projects.

 (g) To pay any and all other expenses incident to the management and operation of the department, its property, or its