HB1118 Increasing the limit for moneys remitted to municipal treasurers.
Increasing the limit for moneys remitted to municipal treasurers.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Concerning
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
Residents may face modest indirect costs if delayed deposits result in lost interest income to municipalities or increased carrying costs, though the fiscal magnitude is unclear.
Your Community
Municipal cash flow and liquidity could be slightly reduced by holding funds longer before deposit, potentially affecting towns' ability to meet immediate obligations, though impact varies by municipality size.
Your Freedom
No direct impact on individual rights or local control; this is an administrative adjustment to fund-handling procedures.
Status
Signed by Governor Ayotte 05/18/2026; Chapter 71; eff.07/17/2026
Sponsor
Eleana Colby (D)
The Short Version
This bill increases the thresholds for when NH town officials must remit collected funds (taxes, permits, departmental receipts) to municipal treasurers, from $500-$1,500 to $3,500. This allows officials to hold public money longer before depositing it, reducing deposit frequency requirements.
Who's Behind This Bill?
Who Benefits
- ▲ Town officials and tax collectors who will make fewer required deposit trips
- ▲ Smaller municipalities with limited banking access may benefit from relaxed weekly deposit mandates
Who Pays the Price
- ▼ Municipal treasurers managing cash flow with larger gaps between collections and deposits
- ▼ Towns that lose interest income from delayed deposits of public funds
- ▼ Residents indirectly, if municipalities have reduced liquidity for immediate service needs
Bill statuses as of October 7, 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.