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Bill

SB 107

enabling the state treasurer to invest certain fish and game funds.

2025 Regular Session Introduced by Tim Lang

SB 107 allows New Hampshire's State Treasurer to invest fish and game funds to generate returns for wildlife conservation programs without new appropriations.

Signed by the Governor on 06/10/2025; Chapter 0088; Effective 08/09/2025
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Bill Summary · SB 107

Legislative bill overview

SB 107 authorizes New Hampshire's State Treasurer to invest certain fish and game funds that were previously restricted from investment activities. The bill expands the Treasurer's discretion in managing these dedicated wildlife-related revenue streams to potentially generate returns through investment markets.

Why is this important

Fish and game funds typically derive from hunting/fishing licenses, permits, and federal wildlife grants—dedicated revenue streams for conservation and wildlife management. Enabling investment of these funds could increase available resources for fish and game programs without requiring additional appropriations, though it introduces market risk to dedicated conservation funding.

Potential points of contention

  • Investment risk exposure: Placing conservation funds in markets introduces volatility that could reduce available resources during downturns, potentially affecting critical wildlife programs at inopportune times
  • Restricted fund purpose: Some stakeholders may argue that dedicating hunting/fishing revenues specifically to conservation means those funds should remain in program spending rather than investment accounts
  • Oversight and transparency: The expansion of Treasurer discretion warrants clear guidelines on investment strategies, acceptable risk levels, and public reporting requirements to ensure accountability

Compiled from official sources — confirm details with the bill’s official record.

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