(New Title) relative to consolidating the New Hampshire health and education facilities authority within the business finance authority and establishing a surplus land revitalization program.
Sponsored By: Daniel E. Innis (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
Transferred authority workers keep pay and benefits
Beginning July 1, 2026, health and education authority employees transfer to the Business Finance Authority without a service break. They keep their pay, benefits, and accrued holiday, sick, and vacation leave. The transfer creates no new employee rights and does not block personnel actions already permitted before July 1, 2026.
Health and education financing authorities merge
Beginning July 1, 2026, New Hampshire’s Business Finance Authority takes over the Health and Education Facilities Authority. Its property, funds, contracts, debts, records, and pending cases transfer to the business authority. Existing approvals and rules remain enforceable until replaced. Bondholder rights remain protected while bonds are outstanding, and existing agreements control any changes to bond promises.
More financing options for eligible facilities
The Business Finance Authority can finance more facility costs and assets for for-profit and nonprofit businesses. Eligible uses include property, improvements, receivables, commodities, bonds, revenue streams, and liability or insurance programs. Working capital—money for operations—qualifies even without a related project or facility. Financing can cover construction interest and later costs for a period the authority considers advisable. Covered financing tools include notes, participation certificates, leases, lease-purchases, installment sales, and refinancing of authority or other parties’ debt.
Immediate collateral claims protect bond lenders
When the Business Finance Authority pledges property or revenue, lenders gain an immediate legal claim against that collateral. This applies to bonds, agreements backing bond payments, and bond-related swaps or similar agreements. The claim binds successors and is enforceable against purchasers, creditors, and others under the pledge’s terms. This protects secured lenders but can limit competing claims to the same property or revenue.
Sponsors & Cosponsors
Sponsor
Daniel E. Innis
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
II. Remainder Effective 07/01/2026
7/17/2026SenateI. Section 24 Effective 07/01/2031
7/17/2026SenateSigned by the Governor on 07/15/2026; Chapter 335
7/17/2026SenateEnrolled Adopted, VV, (In recess 06/04/2026); SJ 15
7/6/2026SenateEnrolled (in recess of) 06/04/2026 HJ 15
7/6/2026HouseEnrolled Bill Amendment # 2026-2197e Adopted, VV, (In recess of 06/04/2026); SJ 14
6/23/2026SenateEnrolled Bill Amendment # 2026-2197e: AA VV (in recess of) 06/04/2026 HJ 15 P. 53
6/23/2026HouseSen. Pearl Moved to Concur with the House Amendment, MA, VV; 05/14/2026; SJ 12
5/14/2026SenateOught to Pass with Amendment 2026-1494h: MA VV 05/07/2026 HJ 12 P. 8
5/7/2026HouseAmendment # 2026-1494h: AA VV 05/07/2026 HJ 12 P. 8
5/7/2026HouseCommittee Report: Ought to Pass with Amendment # 2026-1494h (NT) 04/22/2026 (Vote 16-0; CC) HC 18 P. 7
4/30/2026HouseExecutive Session: 04/22/2026 10:45 am GP 231
4/27/2026HousePublic Hearing on non-germane Amendment # 2026-1533h: 04/22/2026 10:00 am GP 231
4/16/2026HousePublic Hearing: 04/15/2026 10:45 am GP 231
4/8/2026House==CANCELLED== Public Hearing: 03/19/2026 11:00 am GP 231
3/10/2026HouseIntroduced (in recess of) 02/19/2026 and referred to Executive Departments and Administration HJ 5 P. 124
2/26/2026HouseOught to Pass with Amendment #2025-2992s, MA, VV; OT3rdg; 01/07/2026; SJ 1
1/7/2026SenateCommittee Amendment # 2025-2992s, AA, VV; 01/07/2026; SJ 1
1/7/2026SenateCommittee Report: Ought to Pass with Amendment # 2025-2992s, 01/07/2026; Vote 5-0; CC; SC 46
10/20/2025SenateRereferred to Committee, MA, VV; 03/06/2025; SJ 6
3/6/2025SenateSen. Innis Moved to Rerefer to Committee, 03/06/2025; SJ 6
3/6/2025SenateOught to Pass: MF, VV; 03/06/2025; SJ 6
3/6/2025SenateSB 56 was Removed from the Consent Calendar; 03/06/2025; SJ 6
3/6/2025SenateCommittee Report: Ought to Pass, 03/06/2025; Vote 5-0; CC; SC 11
2/12/2025SenateHearing: 01/22/2025, Room 103, SH, 09:30 am; SC 7
1/16/2025Senate
Bill Text
As Amended
6/23/2026
Enrolled
6/23/2026
Introduced
1/14/2025
CHAPTERED FINAL VERSION
Version adopted by both bodies
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