This bill amends current law regarding special assessment requests from pooled risk management programs by allowing political subdivisions a period of 36 months from the date of an invoice to comply with such requests. Specifically, it introduces new subparagraphs to RSA 5-B:5, I, stating that nothing in the paragraph shall imply that special assessments are mandated by statute, and if a pooled risk management program's agreement allows for special assessments, political subdivisions will be assessed equal amounts over the 36-month period from the invoice date.

The bill does not provide funding or authorize new positions, and its fiscal impact is indeterminable. While it allows for delayed payments, concerns have been raised regarding the potential financial instability of risk pools, which could lead to insolvency and unpaid claims. The New Hampshire Municipal Association has noted that the lack of a clear definition for "special assessment" complicates the assessment of fiscal impacts, and the New Hampshire Association of Counties believes there will be no impact on counties. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 5-B:5
SB605 text: 5-B:5