This bill proposes an increase in the monetary threshold for remittances to municipal treasurers, amending several sections of the New Hampshire Revised Statutes Annotated (RSA). Specifically, it raises the limit for funds that must be remitted to the treasurer from $500 to $3,500 for selectmen, tax collectors, and town clerks. The amendments to RSA 41:9, VIII; RSA 41:29, VII; RSA 41:35, I; and RSA 261:165 reflect this change, ensuring that remittances and deposits occur at least weekly or daily when the total reaches the new threshold.

Additionally, the bill stipulates that failure to comply with these remittance requirements can lead to immediate removal from office for the responsible officials. The effective date of the act is set for 60 days after its passage, allowing municipalities time to adjust to the new regulations. Overall, the bill aims to enhance the financial management and accountability of municipal funds by increasing the frequency and amount of remittances to treasurers.

Statutes affected:
Introduced: 41:9, 41:29, 41:35, 261:165
HB1118 text: 41:9, 41:29, 41:35, 261:165