SB 151-FN-LOCAL (1995): relative to the management of retirement system funds.

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@misc{bill-1995-sb151, title = {SB 151-FN-LOCAL (1995): relative to the management of retirement system funds.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1995/sb151}, note = {Accessed 24 Oct. 2026} }

SB 151-FN-LOCAL (1995)

relative to the management of retirement system funds.

  • Status: Signed into law
  • Term: 1995-1996
  • House committee: Executive Departments and Administration
  • Senate committee: Insurance
  • Subject: Retirement
  • Chapter law: 271

The Story

It was introduced on January 5, 1995 and referred to the Senate Insurance committee. The committee held a public hearing on March 8, 1995. The committee recommended that the Senate pass it. On March 9, 1995 the Senate voted to pass it, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it. On April 6, 1995 the Senate voted to pass it on a voice vote. It crossed to the House on April 11, 1995 and was referred to the House Executive Departments and Administration committee. The committee held a public hearing on April 18, 1995. The committee held a work session on April 19, 1995. The majority of the committee recommended that the House pass it with changes by a vote of 12–2. On May 2, 1995 the House voted to pass it with changes on a voice vote, then referred it on to the House Finance committee. On May 2, 1995 the House adopted “Suspend Rules for fin hearing”, on a motion by Rep. Scanlan. The committee held public hearings on May 8, 1995 and May 10, 1995. The majority of the committee recommended that the House pass it with changes unanimously, 19–0, and the report was placed on the consent calendar. On May 16, 1995 the House voted to pass it with changes. On May 18, 1995 the Senate voted to reject the other chamber's changes on a voice vote. On May 23, 1995 the House adopted “Accede to Request for Committee of Conference” on a voice vote. A committee of conference met on May 30, 1995 to try to settle the differences between the two chambers' versions of the bill. On June 6, 1995 the House adopted “Conference Committee Report” on a voice vote. On June 6, 1995 the Senate adopted “Conference Committee Report” on a voice vote. The bill was enrolled on June 6, 1995 — the final check of the text before it goes to the governor. The governor signed it on June 19, 1995, making it Chapter 271 of the session laws. It took effect on July 1, 1995.

Sponsors

  • Sen. J. King (SD18) (prime sponsor)
  • Sen. Shaheen (SD21)

Hearings and Sessions

  • March 8, 1995, 11:00 AM: hearing, Senate Insurance, RM101,LOB
  • April 18, 1995, 9:30 AM: hearing, House Executive Departments and Administration, RM207,LOB
  • April 19, 1995, 9:30 AM: subcommittee work session, House Executive Departments and Administration, RM207,LOB
  • May 8, 1995, 10:15 AM: hearing, House Finance, RM100,ST HOUSE
  • May 10, 1995, 1:00 PM: hearing, House Finance, RM100,ST HOUSE
  • May 30, 1995, 3:00 PM: committee of conference, RM101,LOB

Votes

  • April 6, 1995, Senate: Ought to Pass — voice vote, passed
  • May 2, 1995, House: Ought to Pass with Amendment — voice vote, passed
  • May 18, 1995, Senate: Nonconcur and Request Committee of Conference — voice vote, passed
  • May 23, 1995, House: Accede to Request for Committee of Conference — voice vote, passed
  • June 6, 1995, House: Conference Committee Report — voice vote, passed
  • June 6, 1995, Senate: Conference Committee Report — voice vote, passed

The Docket

  • January 5, 1995: INTRODUCED AND REF TO INSURANCE; SJ2,P31
  • March 8, 1995: HEARING MAR08 11:00 RM101,LOB FOR: INSUR
  • March 8, 1995: COMM REPORT OTP MAR09
  • March 9, 1995: PASSED AND REF TO FINANCE; SJ8,P101
  • April 4, 1995: FIN COMM REPORT OTP APR06
  • April 6, 1995: PASSED VV; SJ12,P206 + 215
  • April 11, 1995: INTRODUCED AND REF TO EXEC DEPTS & ADMIN; HJ55,P1536
  • April 12, 1995: COPY TO CHAIRMAN ON 04/12/95 DUE ON 04/26/95
  • April 18, 1995: HEARING APR18 09:30 RM207,LOB FOR: ED&A
  • April 19, 1995: SUBCOM WORK SESSION APR19 09:30 RM207,LOB FOR: ED&A
  • April 26, 1995: MAJ REPORT OTP/AM FOR MAY02 (VOTE 12-2)
  • April 26, 1995: PROP COMM AM<2268>; HC58,P1620-1621
  • May 2, 1995: COMM AM, AA VV; PASSED WITH AM AND REF TO FINANCE VV; HJ63,P1761- -P1763
  • May 2, 1995: REP SCANLAN SUSP RULES FOR FIN HEARING, MA 2/3VV; HJ63,P1751
  • May 8, 1995: FIN HEARING MAY08 10:15 RM100,ST HOUSE FOR: FINANCE
  • May 10, 1995: CONTINUED HEARING MAY10 01:00 RM100,ST HOUSE FOR: FINANCE
  • May 11, 1995: FIN MAJ REPORT OTP/AM FOR MAY16 (VOTE 19-0;CC)
  • May 11, 1995: PROP COMM AM<2586>; HC64,P1802-1803
  • May 16, 1995: PASSED WITH AM; HJ68,P1894-1895 + 1904
  • May 18, 1995: SEN NONC WITH HOUSE AM REQ CONF COMM, SEN DANAIS MA VV; SJ21,P375
  • May 18, 1995: <PRES APPTS SENS: DANAIS, J KING & FRASER>
  • May 23, 1995: HOUSE ACCEDED TO REQ FOR CONF COMM, REP MERCER MA VV; HJ71,P1952
  • May 23, 1995: <SPKR APPTS REPS: DYER, LANGER, ROBERTSON & C BROWN>
  • May 30, 1995: CONF COMM MEETING MAY30 03:00 RM101,LOB
  • May 31, 1995: CONF COMM REPORT (H AM + NEW AM<2806>) FILED
  • June 6, 1995: CONF COMM REPORT ADOPTED VV; HJ76,P2038
  • June 6, 1995: CONF COMM REPORT ADOPTED VV; SJ24,P522-523
  • June 6, 1995: ENROLLED; SJ24,P543
  • June 6, 1995: ENROLLED; HJ81,P2088
  • June 19, 1995: SIGNED BY GOVERNOR 06/19/95 EFF: 07/01/95* CHAP.0271

Laws It Would Change

Related Bills

  • HB 390-FN-A (1990): relative to the New Hampshire retirement system investment practices.
  • SB 366-FN (1992): enabling the retirement system board of trustees to invest retirement system assets in participation with commercial entities licensed by the small business administration.

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