NH House Testimony

HB372

House · 2025 sessionRepublicanDied in House

Equipment lease rules for buildings

AI

Specifies that building or facility improvements that become fixtures may not be financed under the statutory provisions governing equipment lease agreements.

relative to lease agreements of equipment for building or facility improvements.

MunicipalitiesProperty - Real and Personal

Status

Died on the table in the House · March 27, 2025
  1. Introduced
  2. House
  3. Senate
  4. Governor
  5. Law

Division of testimony

43 submissions
Support 3Oppose 40Neutral 0
Susan RichmanOpposeDurham, NHfor MyselfMar 3, 2025

HB 372 will increase costs for municipalities. If improvement costs cannot be bundled into leases, either the improvements will have higher upfront costs, or will not be able to be made. Deferred improvements can mean greater expense down the road. Energy improvements that are not made result in higher energy costs. Our towns are being squeezed by educational costs, possible federal freezes, potentially higher costs due to tariffs. We do not need to impose this different accounting system that will place another burden on our cities and towns.

Marjorie WatersOpposeConcord, NHfor MyselfMar 3, 2025

I am concerned that implementing this bill will increase costs for municipalities if they are not able to bundle costs of equipment and related building improvements as part of their lease agreements, leading to higher upfront costs or making it harder to get financing for up-grades when making necessary improvements.

James HiltzOpposePembroke, NHfor Myselfflagged non-germaneMar 3, 2025

I believe this bill could have a chilling effect on municipal energy projects, which commonly include equipment leasing that bundles the cost of the equipment and any related building improvements as part of the lease agreement. If municipalities cannot bundle improvement costs into their leases, they’d have to find alternative ways to finance these improvements, which could lead to higher upfront costs or make it harder to get these projects approved.

Margaret FletcherOpposeConcord, NHfor MyselfMar 3, 2025

Why would you want to limit municipalities from being able to bundle improvement costs into their leases, forcing them to find alternative, likely more expensive ways to finance these improvements? Please let municipalities keep this important budgeting capability.

Karen ContosOpposeMerrimack, NHfor MyselfMar 3, 2025

Governor Sununu vetoed this last year. Municipalities should be encouraged to purchase clean energy.

Janet LucasOpposeCampton, NHfor MyselfMar 3, 2025

Lest history repeat itself

Bill GarbatiOpposeMeredith, NHfor MyselfMar 3, 2025

This bill would hurt energy performance contracting and energy efficiency projects which help our municipalities and schools save money by reducing their utility costs and tax payer burdens with budget neutral solutions that address deferred maintenance costs.

Jane HersheyOpposeRindge, NHfor MyselfMar 3, 2025

Position recorded without written comment.

A ThomasOpposeRindge, NHfor Myselfflagged non-germaneMar 3, 2025

Position recorded without written comment.

Patricia MartinOpposeRindge, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Donna ReardonOpposeConcord, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Patricia Beffa-NegriniOpposeNelson, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Nancy Zink-MaillouxOpposeConcord, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Lois CoteOpposeManchester, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Dorothea VecchiottiOpposePeterborough, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Sandy BlanchardOpposeLoudon, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Abby EvankowOpposeGorham, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Danielle HaggertyOpposeManchester, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Kim Marie FudgeOpposeNORTH CONWAY, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Marek KotelbaOpposeNEWBURY, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Wiltrud Mott-SmithOpposeLoudon, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Ellen FarnumOpposeTamworth, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Heather L WilcauskasOpposeSanbornville, NHfor MyselfMar 3, 2025

Position recorded without written comment.

Karen Elizabeth BalonOpposePembroke, NHfor MyselfMar 3, 2025

Position recorded without written comment.

tom st.martinOpposeconcord, NHfor MyselfMar 3, 2025

Position recorded without written comment.