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HB1610: allowing school districts to annually retain year-end unassigned general funds.
Bill details
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ar-end unassigned general funds. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 Education; District Taxes; Contingency Fund. Amend RSA 198:4-b to read as follows: 198:4-b Contingency Fund. I. A school district annually, only by an article separate from the budget and all other articles in the warrant, or the governing body of a city upon recommendation of
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RSA references from bill data
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198:4-B
· amend
ar-end unassigned general funds. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 Education; District Taxes; Contingency Fund. Amend RSA 198:4-b to read as follows: 198:4-b Contingency Fund. I. A school district annually, only by an article separate from the budget and all other articles in the warrant, or the governing body of a city upon recommendation of
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198:5
· reference
l years], provided that the total amount of year-end unassigned general funds does not exceed[, in any fiscal year, 5] 3 percent of the current fiscal year's [net assessment under RSA 198:5] budget appropriation total. These funds may only be spent due to an unusual circumstance following the procedure specified in RSA 32:11. [(a) Prior to expending retained general funds, the school board shall hold a
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32:11
· reference
rrent fiscal year's [net assessment under RSA 198:5] budget appropriation total. These funds may only be spent due to an unusual circumstance following the procedure specified in RSA 32:11. [(a) Prior to expending retained general funds, the school board shall hold a prior public hearing on the action to be taken with such funds. Notice of the time, place, and subject of such hearing shall be published