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HB1225: permitting a charter school to incur long-term debt.

Bill status: Signed by Governor

Citation
2012 HB1225
Official source

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

House status
Passed/Adopted with Amendment
Senate status
Passed/Adopted
Committee
SENATE Education
Hearing
04/17/2012 at 01:10 PM
Selected version
Current official bill text

Sponsors

Topics

Education

Official links

CHAPTER 119

HB 1225 – FINAL VERSION

21Mar2012… 1105h

2012 SESSION

12-2207

04/10

HOUSE BILL 1225

AN ACT permitting a charter school to incur long-term debt.

SPONSORS: Rep. Hill, Merr 6; Sen. Forsythe, Dist 4

COMMITTEE: Education

ANALYSIS

This bill authorizes chartered public schools to incur long-term debt for the purpose of purchasing buildings or land or for new construction or renovations.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

21Mar2012… 1105h

12-2207

04/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twelve

AN ACT permitting a charter school to incur long-term debt.

Be it Enacted by the Senate and House of Representatives in General Court convened:

119:1 Chartered Public Schools; Duties and Authority of Board of Trustees. Amend RSA 194-B:5, III(h) to read as follows:

(h) For chartered public schools that have been in operation for 5 or more years, to incur long-term debt for the purpose of purchasing buildings or land, or for new construction or renovations to existing buildings. The state shall not be liable for any debt or other financial obligation incurred under this subparagraph.

(i) To have such other powers that are available to a business corporation formed under RSA 293-A and that are not inconsistent with this chapter.

119:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: June 5, 2012

Effective Date: August 4, 2012