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Old 10-10-2016, 02:56 PM   #99
Breakwater
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Default Law change raided the fund!

Dave Barrett had over $3 million saved in the non-lapsing Navigation Safety Fund after saving for many years. Under house speaker Bill O'Brien the legislature passed a law making the fund lapsing, and moved the balance into the general fund.

Two years later the legislature reversed the actions of the previous and the Navigation Safety Fund is again non-lapsing. It will be the source for bond payments for the new building.

Therefore, payments come from boat registration money only. No "tax payers" (unless they register a boat) are affected by the building.

Link to law change below:

http://www.gencourt.state.nh.us/legi...11/HB0002.html
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