Establishes a Meals and Rooms Municipal Revenue Fund for distribution to certain communities based on population and property values.
The bill establishes the Meals and Rooms Municipal Revenue Fund in New Hampshire's treasury. Funds are nonlapsing and continually appropriated to the state treasurer for distribution. The distribution formula considers the average equalized property value per adjusted population, with funds going to towns, places, and cities with values equal to or less than $500,000.
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