HB292-FN: (New Title) establishing a revolving loan fund for school districts.

Related law links

RSA references from bill data

• 186-C:2 · reference · effective 2030-07-01

  ed list: (a) A student currently enrolled in the EFA program; (b) A sibling of a student currently enrolled in the EFA program; (c) A child with disabilities as defined by RSA 186-C:2; (d) A student whose family income is less than or equal to 350 percent of the federal poverty guidelines as updated annually by the United States Department of Health and Human Services under 42 U.S.C. section 9902(2

• 194 · amend · effective 2030-07-01

  new subparagraph: (411) Moneys deposited in the school district adequacy revolving loan fund established in RSA 194:63. 2 New Subdivision; School District; Funding. Amend RSA 194 by inserting after section 61 the following new subdivision: School District; Funding 194:62 Declaration of Intent. The intent of this subdivision is to provide a targeted, temporary fiscal stabilization mechanism

• 194:62 · repeal · effective 2030-07-01

  l holder’s care." 6 Repeals. The following shall be repealed: I. RSA 6:12, I(b)(411), relative to moneys received by the school district adequacy revolving loan fund. II. RSA 194:62 through RSA 194:67, relative to the school district adequacy revolving loan fund. III. RSA 198:39, V, relative to the use of education trust funds for the school district adequacy revolving loan fund. 7 Effective Da

• 194:63 · amend · effective 2030-07-01

  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 established in RSA 194:63. 2 New Subdivision; School District; Funding. Amend RSA 194 by inserting after section 61 the following new subdivision: School District; Funding 194:62 Declaration of Intent. The intent of this subdivision is

• 194:67 · repeal · effective 2030-07-01

  6 Repeals. The following shall be repealed: I. RSA 6:12, I(b)(411), relative to moneys received by the school district adequacy revolving loan fund. II. RSA 194:62 through RSA 194:67, relative to the school district adequacy revolving loan fund. III. RSA 198:39, V, relative to the use of education trust funds for the school district adequacy revolving loan fund. 7 Effective Dates. I. Section

• 194-C:9-A · reference · effective 2030-07-01

  t that is comprised on 2 or more school districts and participates in the school district adequacy revolving loan fund shall place a question of whether to adopt the provisions of RSA 194-C:9-a on its local ballot at its next annual school district meeting, unless the school district has already adopted the provisions of RSA 194 C:9-a. 194:68 Default. A school district's failure to fulfill all of the obli

• 194-F:1 · repeal · effective 2030-07-01

  ction may be used for the purpose of funding the school district adequacy revolving loan fund established in RSA 194:63. 4 Education; Education Freedom Accounts; Definitions. RSA 194-F:1, XIII is repealed and reenacted to read as follows: XIII. "Priority guidelines" means the ordered list: (a) A student currently enrolled in the EFA program; (b) A sibling of a student currently enrolled in the

• 198:20-D · related · effective 2030-07-01

  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 · effective 2030-07-01

  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 school districts. Prior to the school district drawing upon the adequa

• 198:40-A · add · effective 2030-07-01

  ct adequacy revolving loan fund administered by the state treasury to assist the district with cash flow in anticipation of adequacy payments owed to them by the state pursuant to RSA 198:40-a and paid under the schedule set forth in RSA 198:42. 194:63 School District Adequacy Revolving Loan Fund. There is hereby established in the department of treasury a fund to be known as the school district adequacy

• 198:41 · reference · effective 2030-07-01

  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 school districts, 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 · effective 2030-07-01

  ate treasury to assist the district with cash flow in anticipation of adequacy payments owed to them by the state pursuant to RSA 198:40-a and paid under the schedule set forth in RSA 198:42. 194:63 School District Adequacy Revolving Loan Fund. There is hereby established in the department of treasury a fund to be known as the school district adequacy revolving loan fund, which shall be kept separate an

• 198:4-D · reference · effective 2030-07-01

  ows, audits and status of any outstanding audits to the treasury, the department of revenue and the department of education, and timely submit all required reports consistent with RSA 198:4-d to the department of education. When an adequacy payment is due to be distributed pursuant to RSA 198:42: I. The portion of the adequacy payment equivalent to the outstanding principal and interest balance of the r

• 32:5-B · reference · effective 2030-07-01

  hat an audit of the school district should not be conducted. III. Any school district participating in this program shall place a question of whether to adopt the provision of RSA 32:5-b on the ballot at its next annual school district meeting, unless the school district has already adopted the provisions of RSA 32:5-b. IV. Any school district within a school administrative unit that is comprised on

• 541-A · amend · effective 2030-07-01

  istrict participating in school district adequacy revolving loan fund. 5 Department of Education; Directive. The department of education shall amend rule 510.03(b), pursuant to RSA 541-A, to read as follows: "(b) Unprofessional conduct shall include, but not be limited to: (1) Gross financial mismanagement; (2) Misappropriation of public funds; and (3) Failure to account for public funds or

• 6:12 · amend · effective 2030-07-01

  acted by the Senate and House of Representatives in General Court convened: 1 New Subparagraph; The State and Its Government; State Treasurer; Application of Receipts. 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 established in RSA 194:63. 2 New Subdivision; School Distric

RSAs mentioned by this document

• RSA 6 · STATE TREASURER AND STATE ACCOUNTS
• RSA 32 · MUNICIPAL BUDGET LAW
• RSA 186-C · SPECIAL EDUCATION
• RSA 194 · SCHOOL DISTRICTS
• RSA 194-C · SCHOOL ADMINISTRATIVE UNITS
• RSA 194-F · EDUCATION FREEDOM ACCOUNTS
• RSA 198 · SCHOOL MONEY
• RSA 541-A · ADMINISTRATIVE PROCEDURE ACT
• RSA 186-C:2 · Definitions
• RSA 194-F:1 · Definitions
• 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 6:12 · Application of Receipts