(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
5 provisions identified: 2 benefits, 0 costs, 3 mixed.
Broader state financing for business projects
Beginning July 1, 2026, the authority can finance more things, including capital improvements, receivables, working capital, liabilities, insurance, and revenue streams. Real or personal property, including appurtenances or a part of a site, can count as an eligible facility, and commercial facilities used in any trade or business are eligible. Financing costs can include interest before and during construction and, if the authority decides, for a period after completion. The law also treats leases and other financing deals as bonds, giving more tools to finance or refinance projects.
Transferred employees keep pay and benefits
On July 1, 2026, HEFA employees become BFA employees. Pay, service time, and accrued vacation and sick leave continue without loss.
Business finance board grows and adds experts
On July 1, 2026, the Business Finance Authority board grows to 16. The governor, with council consent, appoints 11 members, including an education official, a health care official, and a nonprofit representative; terms are three years. The law defines who counts for those roles. The state treasurer votes as an ex officio member, and two senators and two representatives serve as nonvoting members.
Governor and Council must approve projects
Starting July 1, 2026, the authority cannot finance or secure a project unless the Governor and Council, after a hearing, find it serves a public use and benefit and fits the law’s policy. They may rely on the authority’s written recommendation and may grant preliminary approval.
State merges health and education financing into business authority
Beginning July 1, 2026, the state merges the Health and Education Facilities Authority into the Business Finance Authority. All HEFA assets, funds, and liabilities become BFA’s, and all contracts and approvals stay in force. Bondholder rights and covenants remain protected. The law updates chapter names to reference the Business Finance Authority and repeals the old statute that created HEFA.
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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