This bill proposes the establishment of a special nonlapsing fund, known as the Water Well Board Fund, to support the operations of the New Hampshire Water Well Board. The bill amends existing law by inserting new language that directs all fees, fines, and civil penalties collected under RSA 482-B into this newly created fund instead of the general fund. Specifically, it adds a new subparagraph to RSA 6:12, I (b) and a new section (482-B:4-a) that outlines the fund's purpose and management. The fund will be continually appropriated and will allow for the investment of collected moneys, with any earnings reinvested into the fund.

Additionally, the bill deletes references to the general fund in existing statutes, replacing them with the Water Well Board Fund. This change is expected to generate approximately $242,600 in annual revenue starting in FY 2027, based on a new fee structure for well completion reports. The bill is set to take effect on January 1, 2027, and aims to streamline funding for the Water Well Board while reducing reliance on the general fund for its operations.

Statutes affected:
Introduced: 6:12, 284-B:14, 482-B:16
As Amended by the Senate: 6:12, 284-B:14, 482-B:16
Version adopted by both bodies: 6:12, 284-B:14, 482-B:16
HB1088 text: 6:12, 284-B:14, 482-B:16