HB 291-FN-LOCAL - AS INTRODUCED
2001 SESSION
04/10
HOUSE BILL 291-FN-LOCAL
AN ACT revising the procedure for determining the cost of an adequate education.
SPONSORS: Rep. Pepino, Hills 40; Rep. Christiansen, Hills 23; Rep. Boyce, Belk 5; Rep. Soltani, Merr 10; Sen. Boyce, Dist 4; Sen. Roberge, Dist 9; Sen. Johnson, Dist 3
This bill provides that for each fiscal year, the statewide cost of an adequate education shall not exceed $825,000,000.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0146
04/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT revising the procedure for determining the cost of an adequate education.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; School Money; State Aid for Educational Adequacy; Determination of Adequate Education Costs. Amend RSA 198:40 by inserting after paragraph III the following new paragraph:
IV. For each fiscal year, the statewide cost of an adequate education shall not exceed $825,000,000.
2 School Money; State Aid for Educational Adequacy; Determination of Adequate Education Grants; Statewide Grant Amount Established. Amend RSA 198:41 by inserting after paragraph II the following new paragraph:
III. For each fiscal year, the total statewide adequate education grant amount shall not exceed $825,000,000.
3 School Money; State Aid for Educational Adequacy; Appropriation from Educational Trust Fund. Amend RSA 198:42, II to read as follows:
II. For the fiscal year beginning July 1, 1999, and every fiscal year thereafter [the amount necessary to fund the grants under RSA 198:41] an amount not to exceed $825,000,000 for the purpose of funding grants calculated under RSA 198:41 is hereby appropriated from the education trust fund created under RSA 198:39 to the department of education according to the following formula: from the amount calculated in accordance with RSA 198:40, III, subtract the aggregate amount of the education property tax warrants to be issued by the commissioner of revenue administration for municipalities reported pursuant to RSA 76:9 for the next tax year. 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 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.
4 Effective Date. This act shall take effect 60 days after its passage.
LBAO
01-0146
1/23/01
HB 291-FN-LOCAL - FISCAL NOTE
AN ACT revising the procedure for determining the cost of an adequate education.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from an agency.