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RSA 198:15-v · Alternative School Building Aid Grants

Title
XV: EDUCATION
Chapter
198 · SCHOOL MONEY
Status
current
Official source linked
Yes
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198:15-v Alternative School Building Aid Grants. –

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I.

The amount of the annual grant to any school district duly organized, any city maintaining a school department within its corporate organization, any cooperative school district as defined in RSA 195:1, or any receiving district operating an area school as defined in RSA 195-A:1, shall be determined as follows:

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(a)

Determine each municipality's equalized valuation per pupil by dividing the municipality's equalized valuation by the average daily membership in residence within each municipality. Assign each municipality a rank beginning with the municipality having the lowest equalized valuation per pupil ranked as number one, and continuing therefrom.

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(b)

Determine each municipality's median family income, and assign each municipality a rank beginning with the municipality having the lowest median family income ranked as number one and continuing therefrom.

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(c)

Add the rankings assigned in subparagraphs I(a) and I(b) and divide the sum by 2 to yield the building aid factor.

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II.

(a) The amount of the annual grant in this subdivision shall be a sum equal to a percentage of the amount of the annual payment of principal on all outstanding borrowings of the school district, city, cooperative school district, joint maintenance agreement, or receiving district, for all approved costs of construction or purchase of school buildings and school administrative unit facilities, for grants approved on or before July 1, 2013 according to the following table: Building Aid Factor Single District Preexisting District in a Cooperative School District, Area School, or Joint Maintenance Agreement 0-59 60 percent 60 percent 60-69 55 percent 60 percent 70-89 45 percent 55 percent 90-114 40 percent 50 percent 115 or greater 30 percent 40 percent

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(b)

For projects approved after July 1, 2013, the amount of the grant to any school district, city, cooperative school district, joint maintenance agreement, or receiving district shall be a sum equal to the percentage of all approved costs for construction or purchase of school buildings according to the following table: Building Aid Factor Building Aid Grant 0-59 60 percent 60-69 55 percent 70-89 45 percent 90-114 40 percent 115 or greater 30 percent

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III.

A cooperative school district, receiving district operating an area school, or joint maintenance agreement grant amount shall be determined by calculating the percentage of the average daily membership in residence represented by each municipality which has entered into the agreement and multiplying this percentage by each municipality's percentage of annual building aid eligibility under paragraph II of this section. This product shall be multiplied by the projected cost of the building project. The sum of the resulting products shall be the annual building aid grant for the cooperative school district, area school, or joint maintenance agreement. Source. 2003, 296:2, eff. July 1, 2005. 2012, 275:6, eff. Aug. 18, 2012.

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Source note

Source. 2003, 296:2, eff. July 1, 2005. 2012, 275:6, eff. Aug. 18, 2012.

Source history

  • 2003, 296:2, eff. July 1, 2005
  • 2012, 275:6, eff. Aug. 18, 2012

Related materials

Bill relationships

  • 2026 HB1799 amend · effective 2026-11-01

    t paid for items of current education expense as determined by the department of education. 7 New Section; Education; School Money; Adequate Education Funding Commission. Amend RSA 198 by inserting after section 39 the following new section: 198:39-a Adequate Education Funding Commission. I. There is established a commission to study and identify, consistent with RSA 193-E:1, transition and re

  • 2026 HB1799-FN amend · effective 2026-11-01

    t paid for items of current education expense as determined by the department of education. 7 New Section; Education; School Money; Adequate Education Funding Commission. Amend RSA 198 by inserting after section 39 the following new section: 198:39-a Adequate Education Funding Commission. I. There is established a commission to study and identify, consistent with RSA 193-E:1, transition and re

  • 2026 HB1824 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

  • 2026 HB1824-FN 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

  • 2026 HB563 amend · effective 2026-07-01

    djusted by taking the newly adjusted maximum grant and dividing by the difference between the grant floor and grant ceiling. 4 New Section; Fiscal Capacity Disparity Aid. Amend RSA 198 by inserting after section 40-f the following new section: 198:40-g Fiscal Capacity Disparity Aid. I. In addition to aid for the cost of the opportunity for an adequate education provided under RSA 198:40-a, each yea

  • 2026 HB563-FN amend · effective 2026-07-01

    djusted by taking the newly adjusted maximum grant and dividing by the difference between the grant floor and grant ceiling. 4 New Section; Fiscal Capacity Disparity Aid. Amend RSA 198 by inserting after section 40-f the following new section: 198:40-g Fiscal Capacity Disparity Aid. I. In addition to aid for the cost of the opportunity for an adequate education provided under RSA 198:40-a, each yea

  • 2026 HB772 amend · effective 2025-07-01

    partment of revenue administration the information needed to set tax rates. 6 New Sections; Determination of Foundation Opportunity Budget Local Share; Transition Grants. Amend RSA 198 by inserting after section 41 the following new sections: 198:41-a Determination of Foundation Opportunity Budget Local Share. I. Each municipality shall annually appropriate for the support of public schools in t

  • 2026 HB772-FN amend

    partment of revenue administration the information needed to set tax rates. 6 New Sections; Determination of Foundation Opportunity Budget Local Share; Transition Grants. Amend RSA 198 by inserting after section 41 the following new sections: 198:41-a Determination of Foundation Opportunity Budget Local Share. I. Each municipality shall annually appropriate for the support of public schools in t

  • 2025 HB2 add

    y adjusted maximum grant and dividing by the difference between the grant floor and grant ceiling. 141:225 New Section; Education; Adequate Education; Education Trust Fund; Fiscal Capacity Disparity Aid. Amend RSA 198 by inserting after section 40-f the following new section: 198:40-g Fiscal Capacity Disparity Aid. I. In addition to aid for the cost of the opportunity for an adequate education provided under RSA 198:40-a, e