This bill amends current law regarding the sale or lease of surplus state-owned land by requiring that proceeds from such transactions be credited to the fund from which the property was originally acquired. Specifically, it adds a new paragraph to RSA 4:40, stating that proceeds from the sale, conveyance, transfer, or lease of surplus land shall be treated as restricted revenue for the originating department's fund, except as otherwise provided in certain existing statutes. The bill aims to enhance fiscal responsibility and improve the management of state-owned assets, with a focus on modernizing processes to stimulate economic activity and generate revenue for the state.

Additionally, the bill establishes a commission to study the sale of state-owned property, particularly for the purpose of building housing and related infrastructure. This commission will consist of members from both the Senate and House of Representatives, as well as various state department commissioners and a public member. The commission is tasked with investigating the sale of state-owned property, making recommendations for proposed legislation, and reporting its findings by November 1, 2026. The bill also includes provisions for the commission's operations and outlines the effective dates for different sections of the act.

Statutes affected:
Introduced: 4:40
As Amended by the House: 4:40
As Amended by the Senate: 4:40, 4:39-h
Version adopted by both bodies: 4:40, 4:39-h
HB1726 text: 4:40