This bill establishes a legislative study committee tasked with investigating the implementation of housing investment trusts in New Hampshire. The committee will consist of three members from the House of Representatives, appointed by the Speaker, and one member from the Senate, appointed by the Senate President. Legislative members will receive mileage compensation for their duties. The committee is required to elect a chairperson and hold its first meeting within 45 days of the bill's effective date, with a quorum established by three members.

The committee's primary duty is to explore the potential implementation of housing investment trusts and to report its findings and any legislative recommendations by November 1, 2025, to various state officials, including the Speaker of the House and the Governor. The bill is designed to have no fiscal impact on state, county, or local expenditures or revenue. The act will take effect upon its passage.

Statutes affected:
Introduced: 293-B:2