Amends the Winnipesaukee River Basin Control Replacement Fund to adjust capitalization, contributions, and reimbursements.

The bill amends the Winnipesaukee River Basin Control Replacement Fund by setting the fund's capitalization at 2 percent of the value of the equipment and other depreciable assets of the treatment facilities. It mandates that the value of these assets be computed every five years, starting in 1990, based on current replacement costs. Each member's share of the total fund capital is to be contributed over a 10-year period as a yearly surcharge to the member's operating charges.

Amends the Winnipesaukee River Basin Control Replacement Fund to adjust capitalization, contributions, and reimbursements.

The bill amends the Winnipesaukee River Basin Control Replacement Fund by setting the fund's capitalization at 2 percent of the value of the equipment and other depreciable assets of the treatment facilities. It mandates that the value of these assets be computed every five years, starting in 1990, based on current replacement costs. Each member's share of the total fund capital is to be contributed over a 10-year period as a yearly surcharge to the member's operating charges.