Supreme Court rules NH can’t take JUA Funds

By Grant Bosse on January 28, 2010
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(CONCORD) The New Hampshire Supreme Court has ruled against the state’s appeal in Tuttle v. New Hampshire, the JUA Case.

judicialsealThe ruling was 3-2 to uphold the lower court decision blocking the state’s confiscation of $110 million in the Joint Underwriting Association’s surplus. The decision digs a $110 million hole in a state budget already facing weaker than anticipated revenues.

Complete analysis and reaction to the case throughout the day at New Hampshire Watchdog.

Tuttle V NH 01-28-10

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