relative to property tax offset for the town of Hampstead and making an appropriation therefor.

This bill provides financial assistance to the town of Hampstead to help cover property tax losses caused by the state's purchase of the Hampstead Hospital. The state will distribute approximately $191,000 to the town, with the money coming from a mix of federal funds and general state funds if federal sources are unavailable. The law takes effect on July 1, 2024, and authorizes the governor to issue the necessary payment from the state treasury.