HB 1303-FN - AS AMENDED BY THE SENATE
22Feb2024... 0548h
04/18/2024 1523s
2024 SESSION
24-2238
02/05
HOUSE BILL 1303-FN
AN ACT relative to the estate of Tekeste Berhanu.
SPONSORS: Rep. Rung, Hills. 12; Rep. N. Murphy, Hills. 12; Rep. B. Boyd, Hills. 12
COMMITTEE: Health, Human Services and Elderly Affairs
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AMENDED ANALYSIS
This bill appropriates the proceeds escheated from the estate of Tekeste Behanu to the state of New Hampshire to the International Institute of New England, Ascentria Care Alliance, and Roca Kidz Club.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22Feb2024... 0548h
04/18/2024 1523s 24-2238
02/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to the estate of Tekeste Berhanu.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Estate of Tekeste Behanu; Appropriation of Funds Escheated to the State of New Hampshire. All proceeds escheated to the general fund of the state of New Hampshire from the estate of Tekeste Behanu, formerly of Nashua, shall be appropriated as follows: 40 percent to Ascentria Care Alliance of New Hampshire, 40 percent to the International Institute of New England of Manchester, New Hampshire, and 20 percent to the Roca Kidz Club of Manchester, New Hampshire, to support work of those agencies in the resettlement of refugee children.
2 Effective Date. This act shall take effect upon its passage.
24-2238
Amended 4/25/24
HB 1303-FN- FISCAL NOTE
AS AMENDED BY THE HOUSE (AMENDMENT #2024-1523s)
AN ACT relative to the estate of Tekeste Berhanu.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
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Estimated State Impact - Increase / (Decrease) | ||||||
| FY 2024 | FY 2025 | FY 2026 | FY 2027 | ||
Revenue | $0 | $0 | $0 | $0 | ||
Revenue Fund(s) | None | |||||
Expenditures | $0 | $131,353 | $0 | $0 | ||
Funding Source(s) | General Fund | |||||
Appropriations | $0 | $0 | $0 | $0 | ||
Funding Source(s) | None | |||||
• Does this bill provide sufficient funding to cover estimated expenditures? [X] See Below • Does this bill authorize new positions to implement this bill? [X] No | ||||||
METHODOLOGY:
This bill requires that all proceeds escheated to the state general fund from the estate of Tekeste Berhanu be appropriated to three nonprofit entities identified in the bill. According to information provided by the State Treasurer, the estate has been reported to Treasury's Abandoned Property Division in the amount of $131,353. The Division will first need to determine who is eligible to claim the funds; if there are no heirs, the funds may be escheated to the state general fund. Should this bill become law, those funds would then be distributed to the nonprofit entities.
As written, the bill does not charge a specific state agency with distributing the funds to the three nonprofits. As such, the mechanism by which the funds would be transferred to them remains unclear.
AGENCIES CONTACTED:
Department of Health and Human Services and Treasury Department