This bill establishes a committee to study the potential for a state program that would provide loans to low-to-moderate income households for the purpose of buying a home or consolidating student loans. The committee will consist of members of the House of Representatives and the Senate, who will receive mileage reimbursement for their participation. The committee will gather information and testimony from various individuals and entities, including the New Hampshire housing finance authority, the New Hampshire Fiscal Policy Institute, and the bank commissioner. The committee's duties include estimating administrative costs, determining the initial investment needed, and assessing the program's sustainability and eligibility requirements. The committee will elect a chairperson and must submit a report with its findings and recommendations to the relevant parties by November 1, 2024.
There are no specific insertions or deletions mentioned in the bill.