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 Legal information may be incomplete, outdated, or incorrectly processed.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This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.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 198:42 · Distribution Schedule of Adequate Education Grants; Appropriation

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

198:42 Distribution Schedule of Adequate Education Grants; Appropriation. –

Copy link
I.

The adequate education grant determined in RSA 198:41 shall be distributed to each municipality's school district or districts from the education trust fund in 4 payments of 20 percent on September 1, 20 percent on November 1, 30 percent on January 1, and 30 percent on April 1 of each school year; provided that for a dependent school district, the grant determined in RSA 198:41 shall be distributed to the municipality, which shall appropriate and transfer the grant funds to its dependent school department.

Copy link
II.

For the fiscal year beginning July 1, 2005, and every fiscal year thereafter, the amount necessary to fund the grants under RSA 198:41 is hereby appropriated to the department from the education trust fund created under RSA 198:39. The governor is authorized to draw a warrant from the education trust fund to satisfy the state's obligation under this section. Such warrant for payment shall be issued regardless of the balance of funds available in the education trust fund. If the balance in the education trust fund, after the issuance of any such warrant, is less than zero, the comptroller shall transfer sufficient funds from the general fund to eliminate such deficit. The commissioner of the department of administrative services shall inform the fiscal committee and the governor and council of such balance. This reporting shall not in any way prohibit or delay the distribution of adequate education grants.

Copy link
III.

The department of education shall certify the amount of each grant to the state treasurer and direct the payment thereof to the school district or municipality. Source. 1999, 17:41; 65:3; 303:11. 2003, 319:159. 2004, 200:9. 2005, 257:9. 2006, 301:5. 2007, 270:3, eff. June 29, 2007. 2008, 274:31, eff. July 1, 2008; 354:1, eff. Sept. 5, 2008. 2011, 224:153, eff. July 1, 2011. 2012, 198:3, eff. July 1, 2012. 2013, 144:61, eff. July 1, 2013. 2016, 8:6, eff. Mar. 16, 2016. 2017, 156:153, eff. July 1, 2017.

Copy link

Source note

Source. 1999, 17:41; 65:3; 303:11. 2003, 319:159. 2004, 200:9. 2005, 257:9. 2006, 301:5. 2007, 270:3, eff. June 29, 2007. 2008, 274:31, eff. July 1, 2008; 354:1, eff. Sept. 5, 2008. 2011, 224:153, eff. July 1, 2011. 2012, 198:3, eff. July 1, 2012. 2013, 144:61, eff. July 1, 2013. 2016, 8:6, eff. Mar. 16, 2016. 2017, 156:153, eff. July 1, 2017.

Source history

  • 1999, 17:41; 65:3; 303:11
  • 2003, 319:159
  • 2004, 200:9
  • 2005, 257:9
  • 2006, 301:5
  • 2007, 270:3, eff. June 29, 2007
  • 2008, 274:31, eff. July 1, 2008; 354:1, eff. Sept. 5, 2008
  • 2011, 224:153, eff. July 1, 2011
  • 2012, 198:3, eff. July 1, 2012
  • 2013, 144:61, eff. July 1, 2013
  • 2016, 8:6, eff. Mar. 16, 2016
  • 2017, 156:153, eff. July 1, 2017

Related materials

Bill relationships

  • 2026 HB1495 reference

    y other provision of law to the contrary, a school district or a city with a dependent school district may incur debt in anticipation of reimbursement under RSA 186-C:18 and under RSA 198:42. The governing body, after notice and public hearing, may elect to borrow such funds and to recognize the proceeds of the borrowing as revenue for property tax rate setting purposes by providing written notification to

  • 2026 HB1708-FN reference · effective 2027-07-01

    to the state education property tax reduction as a result of this act. Any amounts identified shall be paid to impacted municipalities pursuant to the distribution schedule under RSA 198:42. Payments to impacted municipalities shall be capped at $90,000,000. 9 Effective Date. I. Section 5 of this act shall take effect July 1, 2027. II. Section 6 of this act shall take effect July 1, 2028. III.

  • 2026 HB1712 reference

    he student shall be included in the district adequacy ADMR for the purpose of calculating district adequacy pursuant to RSA 198:40-a and distribution of state funding according to RSA 198:42. For pupils resident in this state who attend full-time a chartered public school authorized by a school district other than the pupil's resident school district, the state shall pay tuition amounts pursuant to RSA 198:

  • 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 HB1820-FN amend · effective 2026-07-01

    aid that would have been provided to a public school for that eligible student. The transfers shall be made in accordance with the distribution of adequate education grants under RSA 198:42. 5 Qualifying Expenses. Amend RSA 194-F:2, II(o) to read as follows: (o) Any other educational expense approved by the [scholarship organization] state board. 6 Unused Funds. Amend RSA 194-F:2, VII to read as

  • 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 HB1824-FN 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

  • 2026 HB1835-FN reference

    of law to the contrary, a school district or a city with a dependent school district may incur debt in anticipation of reimbursement under RSA 198:40-a, II(d) [186-C:18] and under RSA 198:42. The governing body, after notice and public hearing, may elect to borrow such funds and to recognize the proceeds of the borrowing as revenue for property tax rate setting purposes by providing written notification to

  • 2026 HB292-FN 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

  • 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 HB656 reference

    as follows: II. Such money shall be used only for legal purposes for which a school district may appropriate money. No funds disbursed from the education trust fund pursuant to RSA 198:42 shall, under any circumstances, emergency or otherwise, be deemed to be unanticipated money under the provisions of this section. All funds made available during the year and not disclosed in the annual report pursuant

  • 2026 HB748-FN add

    heir resident school district for the purposes of RSA 193:1. X. The resident school district shall receive funding for EFA students pursuant to RSA 198:40-a as distributed under RSA 198:42. 194-G:3 Application for an Education Freedom Account. I. A parent may apply to the scholarship organization to establish an EFA for an eligible student. The scholarship organization shall accept and approve applica

Opinions and discipline decisions mentioning this RSA