The bill proposes an appropriation of funds to the Department of Environmental Services specifically for PFAS remediation loan fund grants. It allocates $5,000,000 for the fiscal year ending June 30, 2023, and an additional $5,000,000 for the fiscal year ending June 30, 2024. These funds are to be used in accordance with RSA 485-H:11 to support grants and reimbursements related to PFAS drinking water remediation. The governor is authorized to issue a warrant for these sums from any money in the treasury that is not already allocated for other purposes. The act is set to take effect on July 1, 2023.

The fiscal note attached to the bill indicates that there will be no new revenue generated, but it outlines the expected expenditures over the next few fiscal years. The Department of Environmental Services anticipates that the appropriation will be used to continue the work of the PFAS Remediation Grant and Loan Fund (PFAS RLF), with the impact on current operations being limited to the additional work required to administer the new funds. The department plans to use existing staff for this purpose. It is expected that a substantial portion of the funds will be awarded to municipal and county governments for drinking water remediation, with municipalities receiving the majority and counties a smaller portion. The demand for the funds is anticipated to be complete and prompt, with expenditures projected for fiscal years 2024, 2025, and 2026.