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Bill to change advisory-board membership for public deposit investment pool advances after amendment adding executive-council review
Summary
House Bill 469 would add a municipal manager to the Public Deposit Investment Pool advisory board and reduce banker representation; lawmakers also adopted an amendment to require the adviser contract to go before the governor and executive council.
Representative Jim Majori (Rockingham 23) introduced House Bill 469, proposing to add a member of the New Hampshire Municipal Managers Association (MMNH) to the Public Deposit Investment Pool (PDIP) advisory board and to reduce banker representation by one seat.
Majori said municipal managers oversee fiscal and fiduciary responsibilities for towns and that including a manager would add practical, local-government perspective to advisory oversight. He said the change was not intended to displace bankers but to lessen a perceived…
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