HB 1295 — relative to eligibility requirements for charitable and nonprofit housing projects.

HB 1295 - AS INTRODUCEDAMENDED SESSIONBY 26-2824THE 07/08 HOUSE BILL11Mar2026... 1295 AN ACT relative to eligibility requirements for charitable and nonprofit housing projects.

0931h SESSION 26-2824 07/08 HOUSE BILL 1295 AN ACT relative to eligibility requirements for charitable and nonprofit housing projects.

HB 1295 - AS INTRODUCEDAMENDED 26-2824BY 07/08THE STATEHOUSE OF11Mar2026... NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT relative to eligibility requirements for charitable and nonprofit housing projects.

0931h 26-2824 07/08 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT relative to eligibility requirements for charitable and nonprofit housing projects.

(2) Accept forms of payment that do not cover the full cost of services, including Medicare and Medicaid reimbursements.

and (B) Publishing this policy on its website in an easily accessible location;location.

and(4) (C)Not Havingbase atcompensation, leastincluding 20benefits, percent of theany individualsdirector, receivingofficer, services from the community housing and/or health care facility pay no fee, or aemployee feeprimarily whichupon is lower than the costfinancial ofperformance services provided by the institution, which shall be comparable in quality and HB 1295 - AS INTRODUCED - Page 2 - quantity to the goods and/or services provided to those individuals who pay a fee, which is equal to or greater than the cost of the goodsinstitution. or services provided to them.

(4)(5) MakeAdopt as part of its articles of incorporation or, if unincorporated, other governing legal documents, a bonaprovision fidethat effortexpressly prohibits the use of any surplus HB 1295 - AS AMENDED BY THE HOUSE - Page 2 - funds for private inurement to serviceany primarilyperson thosein thatthe cannotevent affordof usuala fees.sale or dissolution of the institution of purely public charity.

(5)(6) NotQuantitatively basedemonstrate compensation,the includingfacility benefits,relieves the government of anysome director,of officer,its burden by informing municipalities or employeepolitical primarilysubdivisions uponin writing on an annual basis of its monetary donations or voluntary service contributions to the financialcommunity performancethe majority of the institution.facility resides within and making this information available in a publicly accessible and easy-to-access way.

(6)These Adoptcontributions asshall partadd ofup itsto articlesno ofless incorporationthan or,50 ifpercent unincorporated, other governing legal documents, a provision that expressly prohibits the use of any surplus funds for private inurement to any person in the eventactual ofvalue agiven salefrom or dissolution of the institutionmunicipality ofunder purelythis publicchapter. charity.

(7) Quantitatively demonstrate that the facility relieves the government of some of its burden.

(8) In the event the facility has an independent living facility as part of the continuous housing project, subsidize and reinvested in the upkeep and other costs/expenses associated with the facility.