This bill authorizes the Department of Military Affairs and Veterans Services to lease or license property under its jurisdiction, as indicated by the new insertion in RSA 110-B:28, paragraph VII. It clarifies that any property leased or licensed to private entities that are not tax-exempt will be subject to local property taxes, as outlined in the new paragraph VIII. The bill also establishes the responsibilities of lessees and licensees regarding tax payments, including penalties for nonpayment and the municipality's authority to enforce collection through liens and legal action.

Additionally, the bill creates a dedicated property fund for the Department of Military Affairs and Veterans Services, as detailed in the new section 110-B:28-b. This fund will consist of appropriated moneys, gifts, grants, or donations and will be used for various purposes, including the management and maintenance of department property and projects. The fund is designed to be nonlapsing and continually appropriated, allowing the department to cover operational expenses, pay off bonds, and manage other financial obligations related to its property and projects. The bill will take effect 60 days after its passage.

Statutes affected:
Introduced: 110-B:28, 6:12
As Amended by the Senate: 110-B:28, 6:12
As Amended by the House: 110-B:28, 6:12
Version adopted by both bodies: 110-B:28, 6:12
CHAPTERED FINAL VERSION: 110-B:28, 6:12
SB492 text: 110-B:28, 6:12