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HB261: relative to disbursements of school building aid grant payments.

Bill details

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

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Public finance Education

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HB 261 – AS INTRODUCED

2015 SESSION

15-0143

04/01

HOUSE BILL 261

AN ACT relative to disbursements of school building aid grant payments.

ANALYSIS

This bill allows school building aid grant payments to be disbursed in installments over a period not to exceed 20 years.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0143

04/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT relative to disbursements of school building aid grant payments.

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

1 New Subparagraph; School Building Aid; Amount of Grant. Amend RSA 198:15-b, I(a)(2) by inserting after subparagraph (E) the following new subparagraph:

(F) Upon request of the school district, cooperative school district, city, or chartered public school, the department of education shall disburse the grant amount in equal installments over a period of time not to exceed 20 years.

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