New Hampshire has appealed a lower court ruling denying its claim to a $110 million surplus in a fund that underwrites malpractice insurance.
The state counted on $65 million of the money to help balance the budget in the fiscal year that just ended and used the other $45 million toward spending in the current two-year budget.
Superior Court Judge Kathleen ruled last week that the state’s claim is unconstitutional. She said the fund’s policyholders have a contractural right to the money.
The state argues lawmakers created the fund and the state has a right to use the surplus to support programs promoting access to health care.
The state has asked the state Supreme Court to expedite the appeal.
Was this article valuable?
Here are more articles you may enjoy.
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
County Approves New $2.3B Stadium Project for Tampa Bay Rays 
How One Florida Gas Station Worker Allegedly Defrauded Progressive of $44,700 
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
