This bill amends RSA 31:95-h to authorize municipalities to utilize revolving funds specifically for facilitating energy services under approved electric aggregation plans. The new legal language inserted into the current law includes a subparagraph (h) that allows for this use of funds, while explicitly stating that no funds raised from local taxes may be allocated for these purposes.

The bill is designed to enhance the ability of municipalities to support energy initiatives without impacting local tax revenues. It is set to take effect 60 days after its passage and is noted to have no fiscal impact on state, county, or local expenditures or revenue, as confirmed by the Office of Legislative Budget Assistant.

Statutes affected:
Introduced: 31:95-h
As Amended by the Senate: 31:95-h
SB590 text: 31:95-h