This bill amends existing laws regarding the remittance of funds to municipal treasurers by increasing the threshold for when funds must be remitted and deposited. Specifically, it raises the limit from $500 to $3,500 for funds collected by selectmen, tax collectors, and town clerks that must be remitted to the treasurer on a weekly or daily basis. The amendments are made to RSA 41:9, VIII, RSA 41:29, VII, RSA 41:35, I, and RSA 261:165, ensuring that all relevant officials are held to the same higher standard for timely remittance of funds.

Additionally, the bill stipulates that failure to comply with these remittance requirements can lead to immediate removal from office for the respective officials. The changes aim to enhance financial accountability and ensure that municipal funds are managed more effectively. The act is set to take effect 60 days after its passage, with an approval date of May 18, 2026, and an effective date of July 17, 2026.

Statutes affected:
Introduced: 41:9, 41:29, 41:35, 261:165
Version adopted by both bodies: 41:9, 41:29, 41:35, 261:165
CHAPTERED FINAL VERSION: 41:9, 41:29, 41:35, 261:165
HB1118 text: 41:9, 41:29, 41:35, 261:165