HB1824: relative to school district financial distress.

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RSA references from bill data

• 14:30-A · add

  loan shall be determined by any index or other method specified in the loan agreement. IV. The commissioner shall notify the joint legislative fiscal committee, established in RSA 14:30-a, when a school district is considered to be financially insolvent. Within 30 days of providing this notification, the commissioner shall submit to the joint legislative fiscal committee a copy of their recovery plan fo

• 186-C:18 · related

  plan, the commissioner may resubmit a new recovery plan to the committee pursuant to the provisions of this section. V. State aid relative to special education, as defined in RSA 186-C:18 is exempt from the provisions of this section. 198:20-f School District Financial Distress; Municipal Assistance. Any municipality in which a financially insolvent school district is located, as defined in 198:20-e

• 194 · amend

  s not exceed, in any fiscal year, [5] 10 percent of the current fiscal year's net assessment under RSA 198:5. 3 New Subdivision. School District Stabilization Funding. Amend RSA 194 by inserting after section 61 the following new subdivision: School District Stabilization Funding 194:62 Declaration of Intent. The intent of this subdivision is to provide a targeted, temporary fiscal stabilizat

• 194:63 · add

  SA 6:12, I(b) by inserting after subparagraph (410) the following new subparagraph: (411) Moneys deposited in the school district adequacy revolving loan fund as established in RSA 194:63. 5 Effective Date. This act shall take effect 60 days after its passage. LBA 26-3105 Revised 03/10/2026 HB 1824-FN- FISCAL NOTE AS INTRODUCED AN ACT relative to school district financial distress.

• 198 · amend

  acted by the Senate and House of Representatives in General Court convened: 1 New Sections; School District Financial Distress; State Assistance; Municipal Assistance. Amend RSA 198 by inserting after section 20-d the following new sections: 198:20-e School District Financial Distress; State Assistance. This section provides for the financial recovery of school districts that are in financial

• 198:20-D · related

  shall file with the department of education a certification disclosing any activity in the preceding 2 fiscal years relative to reimbursement anticipation notes issued pursuant to RSA 198:20-d. The governor is authorized to draw a warrant from the education trust fund to be placed in the school district adequacy revolving loan fund within a fiscal year not to exceed the sum of the following: I. Seventy-fi

• 198:39 · reference

  hstanding any other provision of law to the contrary, the school district adequacy revolving loan fund shall be considered an allowable use of the education trust fund pursuant to RSA 198:39. Moneys may be appropriated from the education trust fund to the school district adequacy revolving loan fund, with such funds then being loaned to the designated school district. Prior to a school district drawing upo

• 198:41 · reference

  At no time shall the total outstanding amount of loans made under this subdivision exceed 75 percent of total adequacy funding to be distributed to a school district, pursuant to RSA 198:41, in any given year. 194:65 Certification of Disclosure. Notwithstanding any other provision of law to the contrary, the school district adequacy revolving loan fund shall be considered an allowable use of the educa

• 198:42 · add

  enty-five percent of the total adequacy funding estimated by the department of education to be distributed on September 1 of the following fiscal year pursuant RSA 198:41, IV and RSA 198:42, I. 194:66 Loan Terms and Interest. Loans issued from the school district adequacy revolving loan fund shall bear interest at a rate established by the state treasurer, which shall be based on the state’s current c

• 198:4-B · reference

  ded their available funding for the fiscal year, including but not limited to funds made available by the state pursuant to RSA 198 and funds from a contingency fund as defined in RSA 198:4-b. (d) "School district" means any public school district or cooperative school district. II. Where a school district is considered to be financially insolvent, the commissioner shall develop a recovery plan, which s

• 198:5 · amend

  al years, provided that the total amount of year-end unassigned general funds does not exceed, in any fiscal year, [5] 10 percent of the current fiscal year's net assessment under RSA 198:5. 3 New Subdivision. School District Stabilization Funding. Amend RSA 194 by inserting after section 61 the following new subdivision: School District Stabilization Funding 194:62 Declaration of Intent. The in

• 6:12 · amend

  adequacy revolving loan fund were initially distributed to a school district. 4 New Subparagraph; Application of Receipts; School District Adequacy Revolving Loan Fund. Amend RSA 6:12, I(b) by inserting after subparagraph (410) the following new subparagraph: (411) Moneys deposited in the school district adequacy revolving loan fund as established in RSA 194:63. 5 Effective Date. This act sha

• 91-A · related

  ny covenants or provisions for protecting and enforcing rights. Upon receipt of the recovery plan, the joint legislative committee shall hold a public meeting, in accordance with RSA 91-A, relative to the authorization of the commissioner entering into a loan agreement with a financially insolvent school district. After a period for public comment, the joint legislative fiscal committee shall vote as to

RSAs mentioned by this document

• RSA 14 · LEGISLATIVE OFFICERS AND PROCEEDINGS
• RSA 6 · STATE TREASURER AND STATE ACCOUNTS
• RSA 91-A · ACCESS TO GOVERNMENTAL RECORDS AND MEETINGS
• RSA 186-C · SPECIAL EDUCATION
• RSA 194 · SCHOOL DISTRICTS
• RSA 198 · SCHOOL MONEY
• RSA 186-C:18 · State Aid
• RSA 198:39 · Education Trust Fund Created and Invested
• RSA 198:41 · Determination of Education Grants
• RSA 198:42 · Distribution Schedule of Adequate Education Grants; Appropriation
• RSA 198:5 · Assessment
• RSA 6:12 · Application of Receipts