NH SB492

Authorizes the Department of Military Affairs and Veterans Services to license or lease property under its jurisdiction, with leases exceeding 7 years requiring approval from the governor and executive council

Requires lessees and licensees (except tax-exempt entities) to pay local property taxes on leased department property as if the property were privately owned

Imposes 18 percent annual interest on unpaid taxes and grants municipalities lien authority on lessee personal property and equipment for tax collection enforcement

Establishes a dedicated Department of Military Affairs and Veterans Services Property Fund to receive appropriations, gifts, grants, and donations, with funds designated as nonlapsing and continually appropriated

Permits fund expenditures for purchasing, leasing, operating, maintaining, and improving department property, paying administrative costs, bond obligations, and payments in lieu of taxes