This bill proposes the repeal of the state housing champion designation and grant program, effectively eliminating several related statutes. Specifically, it repeals RSA 6:12, I(b)(393), which pertains to the housing champion designation and grant program fund, as well as RSA 12-O:55, VIII, which involves reporting on grant or loan funding. Additionally, it removes RSA 12-O:71 through 12-O:76, which detail the housing champion designation and grant program, and RSA 674:1, VII, which also relates to reporting on grant or loan funding. The bill will take effect 60 days after its passage.

The fiscal impact of this repeal is indeterminate, as it is unclear whether the repeal of the Housing Champion Fund will allow for the payment of existing obligations, estimated at approximately $2,600,000, or if all remaining funds, around $3,000,000, will lapse to the General Fund. The Department of Business and Economic Affairs has indicated that all program funds are currently obligated to contracted projects, with some already disbursed. If the program is repealed, the authority to provide grants or incentives to municipalities for housing-friendly policies will cease, although previously awarded funds and recognitions are expected to remain valid unless specified otherwise in the bill.