HB 694-FN (2025): requiring leases of land, buildings, or space by state agencies to be at fair market value.
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- MLA
- “HB 694-FN (2025): requiring leases of land, buildings, or space by state agencies to be at fair market value.” Granite Record, https://graniterecord.org/bill/2025/hb694. Accessed 19 Oct. 2026.
- APA
- Granite Record. (n.d.). HB 694-FN (2025): requiring leases of land, buildings, or space by state agencies to be at fair market value. Retrieved 19 Oct. 2026, from https://graniterecord.org/bill/2025/hb694
- Chicago
- Granite Record. “HB 694-FN (2025): requiring leases of land, buildings, or space by state agencies to be at fair market value.” Accessed 19 Oct. 2026. https://graniterecord.org/bill/2025/hb694.
- BibTeX
@misc{bill-2025-hb694, title = {HB 694-FN (2025): requiring leases of land, buildings, or space by state agencies to be at fair market value.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2025/hb694}, note = {Accessed 19 Oct. 2026} }
HB 694-FN (2025)
requiring leases of land, buildings, or space by state agencies to be at fair market value.
- Status: Signed into law
- Term: 2025-2026
- House committee: Executive Departments and Administration
- Senate committee: Commerce
- Subject: State Government
- Chapter law: 152
The Story
It was introduced on January 9, 2025 and referred to the House Executive Departments and Administration committee. The committee held a public hearing on February 19, 2025, with 17 people signed in online: 16 in support and 1 as neutral. The committee held a work session on March 10, 2025. The committee met in executive session on March 10, 2025 to vote on its recommendation. The committee voted unanimously, 16–0, to recommend that the House pass it with changes (amendment 2025-0889h), and the report was placed on the consent calendar. The committee's amendment (2025-0889h) was adopted on a voice vote on March 26, 2025, changing the text of the bill. On March 26, 2025 the House voted to pass it with changes on a voice vote. It crossed to the Senate on March 27, 2025 and was referred to the Senate Commerce committee. The committee held a public hearing on April 10, 2025. The committee voted unanimously, 6–0, to recommend that the Senate pass it, and the report was placed on the consent calendar. On May 8, 2025 the Senate voted to pass it on a voice vote and ordered it to a third reading. The bill was enrolled on June 12, 2025 — the final check of the text before it goes to the governor. The governor signed it on July 7, 2025, making it Chapter 152 of the session laws.
Sponsors
- Rep. Judy Aron (R - Sull 4) (prime sponsor)
- Rep. Margaret Drye (R - Sull 7)
- Rep. Steven Smith (R - Sull 3)
- Rep. John Cloutier (D - Sull 6)
- Rep. Dale Girard (R - Sull 6)
- Rep. Brian Sullivan (D - Sull 1)
Hearings and Sessions
- February 19, 2025, 10:00 AM: public hearing, House Executive Departments and Administration, LOB 306-308
- March 10, 2025, 1:30 PM: subcommittee work session, House Executive Departments and Administration, LOB 104
- March 10, 2025, 1:30 PM: executive session, House Executive Departments and Administration, LOB 104
- March 26, 2025: consent calendar, House
- April 10, 2025, 10:00 AM: hearing, Senate Commerce, SH 100
- May 8, 2025: consent calendar, Senate
Votes
- March 26, 2025, House: Ought to Pass with Amendment 2025-0889h — voice vote, passed
- May 8, 2025, Senate: Ought to Pass — voice vote, passed
The Docket
- January 9, 2025: Introduced (in recess of) 01/09/2025 and referred to Executive Departments and Administration
- February 19, 2025: Public Hearing: 02/19/2025 10:00 am LOB 306-308
- March 10, 2025: Subcommittee Work Session: 03/10/2025 01:30 pm LOB 104
- March 10, 2025: Executive Session: 03/10/2025 01:30 pm LOB 104
- March 12, 2025: Committee Report: Ought to Pass with Amendment # 2025-0889h 03/12/2025 (Vote 16-0; CC)
- March 26, 2025: Amendment # 2025-0889h: AA VV 03/26/2025
- March 26, 2025: Ought to Pass with Amendment 2025-0889h: MA VV 03/26/2025
- March 27, 2025: Introduced 03/27/2025 and Referred to Commerce
- April 10, 2025: Hearing: 04/10/2025, Room 100, SH, 10:00 am
- May 8, 2025: Committee Report: Ought to Pass, 05/08/2025; Vote 6-0; CC
- May 8, 2025: Ought to Pass: MA, VV; OT3rdg; 05/08/2025
- June 12, 2025: Enrolled Adopted, VV, (In recess 06/12/2025)
- June 12, 2025: Enrolled (in recess of) 06/12/2025
- July 7, 2025: Signed by Governor Ayotte 07/07/2025; Chapter 152; eff.09/05/2025