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Subcommittee to have OLS draft amendment to HB 694 requiring fair‑market lease renewals between state and political subdivisions
Summary
A subcommittee of the Executive Departments and Administration Committee agreed to have the Office of Legislative Services draft an amendment to HB 694 that would require lease renewals between the State of New Hampshire and political subdivisions to be set at fair market rates, with additional expenses negotiated separately.
A subcommittee of the Executive Departments and Administration Committee agreed to ask the Office of Legislative Services to draft an amendment to House Bill 694 that would require lease renewals between the State of New Hampshire and political subdivisions to be renewed at fair market rates, with additional operating expenses negotiated separately.
The move came during a subcommittee meeting when members and witnesses discussed language and calculation methods for determining fair market value for leased state or county space. Kate Horgan, representative of the New Hampshire Association of Counties, told the panel that "buildings are appraised every 5 years, but you could…
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