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. The bill includes provisions for the effective date, which is set to take effect upon its passage. There are no deletions from current law noted in the text, as this bill introduces new legal language to create the committee and outline its functions.

Statutes affected:
Introduced: 293-B:2