A bus trip scheduled for next Tuesday, April 14, to travel to a N.H. Senate bill hearing in Concord has been canceled.
According to State Rep. Larry Rappaport of Colebrook, the hearing on Senate Bill 30, a bill to establish a Tax Financing District which was intended to assist in the redevelopment of the Balsams Grand Resort Hotel, was canceled because an amendment was in the works to add proper wording to establish a state bond for the project, as well.
Also, with the new amendment going into the bill, it has now been moved out of the House Municipal and County Government Committee and into the House Finance Committee - which is the place that decides on funding issues for bills. (The bill had passed the Senate Finance Committee just two weeks ago and it then was referred to the House Municipal and County Government Committee for review.)
The trip to Concord next week was so that North Country residents and students could testify on behalf of the bill in front of the Municipal and County Government Committee.
Representative Gene Chandler of Bartlett told the Chronicle in a telephone interview yesterday afternoon that creating the amendment to add the bond authority to the bill, and moving the bill to the House Finance Committee, should be seen as a “plus” for the bill. “For the Business Finance Authority, this gets it going for them (to create the bond),” he said. The bill will now only get one hearing covering the two topics—the tax financing district and the bond, and the Finance Committee will only need to pass one bill. “This stops everything and puts it in one place,” explained Rep. Chandler.
Rep. Rappaport sent an email yesterday saying that the amendment establishing the bond was reviewed by developer Les Otten, who is leading the investment team in the rehabilitation efforts at the resort for the property owners, Dan Hebert and Dan Dagesse. Also reviewing the bond amendment was the N.H. Attorney General’s office, leadership in both the House of Representatives and the Senate and the Dept. of Resources and Economic Development. It also has been sent to the entire Coos County Delegation (which is made up of the Coos County House of Representatives).
It’s believed that the hearing for the Finance Committee will come up very soon. Once it passes the House Finance Committee—which is anticipated--the bill will then go to the full House, then back to the Senate for their concurrence. And, as Rep. Chandler said, “They have been involved with the new amendment and it is expected they will concur.”