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HB363: relative to the funding formula for cooperative school districts.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Thomas Arnold House ยท Hills 46
Topics
Official links
HB 363-LOCAL - AS INTRODUCED
2003 SESSION
03-0061
04/10
HOUSE BILL 363-LOCAL
AN ACT relative to the funding formula for cooperative school districts.
ANALYSIS
This bill revises the method for apportioning costs in a cooperative school district by providing that beginning with the 2013-2014 school year any cooperative school district duly formed 10 or more years ago shall base capital outlay costs and operational costs on the ratio that the equalized valuation of each preexisting district bears to that of such cooperative school district.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-0061
04/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT relative to the funding formula for cooperative school districts.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Cooperative School Districts; Funding Formula. Amend RSA 195 by inserting after section 7 the following new section:
195:7-a Costs of Capital Outlay and Operation Based on Assessed Value.
I. All capital outlay costs and operational costs within any cooperative school district which was duly formed 10 or more years ago shall be apportioned in accordance with the ratio that the equalized valuation of each preexisting district bears to that of such cooperative school district.
II. Any cooperative school district not covered by the provisions of this section shall be subject to the provisions of RSA 195:7 and RSA 195:8.
2 Applicability. RSA 195:7-a, I as inserted by section 1 of this act shall apply to capital outlay cost estimates and operational cost estimates beginning with the 2004-2005 school year.
3 Effective Date. This act shall take effect 60 days after its passage.