HB1714: authorizing the state to issue bonds to fund public school expenses.

Related law links

RSA references from bill data

• 198:39 · add

  assist with or assure adequate funding for public schools in this state. The net proceeds from sales of such bonds shall be deposited into the education trust fund established in RSA 198:39. III. Upon a reasonable notice and request by an appropriate state authority, each school administrative unit shall timely submit to appropriate state authorities all information reasonably necessary to establish sta

• 6-A · amend

  the Senate and House of Representatives in General Court convened: 1 New Section; The State and Its Government; State Bonds; Bonds Issued for School Education Funding. Amend RSA 6-A by inserting after section 14 the following new section: 6-A:15 Bonds Issued for School Education Funding. I. Notwithstanding any provision of law to the contrary, the state treasurer shall issue bonds to fund p

• 6-A:2 · reference

  ontrary, the state treasurer shall issue bonds to fund public schools with such terms and conditions as may be determined by the governor and executive counsel, in accordance with RSA 6-A:2. II. Such bonds shall be issued in amounts sufficient to, but not greater than necessary to, assist with or assure adequate funding for public schools in this state. The net proceeds from sales of such bonds shall be

• 6-C · reference

  n FY 2030. Payments decline from $229M in FY 2031 until final payment of $45M in FY 2049. In addition, the Treasury Department notes the following: The debt limit pursuant to RSA 6-C may be exceeded if the cost of funding an adequate education was bonded. Actual and projected tax-supported debt cannot exceed 10% of unrestricted general fund revenue. Pursuant to RSA 9:8-b, the state is not to use bon

• 9:8-B · related

  ay be exceeded if the cost of funding an adequate education was bonded. Actual and projected tax-supported debt cannot exceed 10% of unrestricted general fund revenue. Pursuant to RSA 9:8-b, the state is not to use bonded indebtedness to fund operating appropriations. Ultimately, this bill’s potential impact on state education trust fund revenue, relative to receiving bond proceeds, and state educati

RSAs mentioned by this document

• RSA 6-A · STATE BONDS
• RSA 6-C · DEBT MANAGEMENT
• RSA 9 · BUDGET AND APPROPRIATIONS; REVOLVING FUNDS
• RSA 198 · SCHOOL MONEY
• RSA 198:39 · Education Trust Fund Created and Invested
• RSA 6-A:2 · Denominations; Form and Maturities