Live Free or Die Legal
This website is not an official source of law. This website does not provide legal advice. For official legal materials, verify against the relevant court, legislature, agency, or other official source. Legal information may be incomplete, outdated, or incorrectly processed. Consult a qualified attorney for advice about a specific legal matter.

This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 198:4-b · Contingency Fund

Title
XV: EDUCATION
Chapter
198 · SCHOOL MONEY
Status
current
Official source linked
Yes
Official source Copy section link

198:4-b Contingency Fund. –

Copy link
I.

A school district annually by an article separate from the budget and all other articles in the warrant, or the governing body of a city upon recommendation of the school board, when the operation of the schools is by a department of the city, may establish a contingency fund to meet the cost of unanticipated expenses that may arise during the year. A detailed report of all expenditures from the contingency fund shall be made annually by the school board and published with their report.

Copy link
II.

Notwithstanding any other provision of law, a school district by a vote of the legislative body may authorize, indefinitely until specific rescission, the school district to retain any unused portion of the year-end unassigned general funds, from the preceding fiscal year in subsequent fiscal years, provided that the total amount of year-end unassigned general funds does not exceed, in any fiscal year, 5 percent of the current fiscal year's net assessment under RSA 198:5.

Copy link
(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 in a newspaper of general circulation in the relevant municipality at least 7 days before the meeting is held.

Copy link
(b)

An annual accounting and report of the activities of the retained general funds shall be presented to the school board of the district and published in the annual report.

Copy link
III.

The legislative body of the city of Manchester, upon recommendation of the school committee, may authorize, indefinitely until specific rescission, the school district to retain year-end unassigned general funds. Source. 1965, 123:4. 1998, 389:12, eff. Oct. 1, 1998. 2012, 221:1, eff. Aug. 12, 2012. 2014, 190:6, eff. Sept. 9, 2014. 2020, 38:25, eff. Sept. 27, 2020.

Copy link

Source note

Source. 1965, 123:4. 1998, 389:12, eff. Oct. 1, 1998. 2012, 221:1, eff. Aug. 12, 2012. 2014, 190:6, eff. Sept. 9, 2014. 2020, 38:25, eff. Sept. 27, 2020.

Source history

  • 1965, 123:4
  • 1998, 389:12, eff. Oct. 1, 1998
  • 2012, 221:1, eff. Aug. 12, 2012
  • 2014, 190:6, eff. Sept. 9, 2014
  • 2020, 38:25, eff. Sept. 27, 2020

Related materials

Bill relationships

  • 2026 HB1610 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

  • 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 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

  • 2026 HB1824-FN 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

  • 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