HB 320-FN-A-LOCAL – AS INTRODUCED
2005 SESSION
04/01
HOUSE BILL 320-FN-A-LOCAL
AN ACT relative to educational scholarship grants to qualifying private educational institutions.
SPONSORS: Rep. Hunt, Ches 7; Rep. Hager, Merr 12
This bill establishes a program to be administered by the postsecondary education commission for educational scholarship grants to be made annually to qualifying private education institutions. Grants are to be used for state residents and are limited to the lesser of education funds provided to students by each institution or the amount of property taxes paid by the institution.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05-0633
04/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT relative to educational scholarship grants to qualifying private educational institutions.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Postsecondary Education Commission; Rulemaking. Amend RSA 188-D:8-a by inserting after paragraph V the following new paragraph:
VI. The procedure for application, method of disbursement, and administration of funds in the educational scholarship fund under RSA 188-D:43.
2 New Subdivision; Educational Scholarship Fund. Amend RSA 188-D by inserting after section 42 the following new subdivision:
188-D:43 Educational Scholarships. The postsecondary education commission shall administer a program for the granting of educational scholarship funds to qualifying private, secondary, and postsecondary educational institutions in this state as follows:
I. A private educational institution that pays property taxes on the value of the dormitories, dining rooms, and kitchens pursuant to RSA 72:23, IV, and which has New Hampshire residents comprising more than 10 percent of its boarding students, may apply for and, within the available funds, receive from the postsecondary education commission an annual sum up to the amount of such property taxes paid in the previous tax year for the purpose of funding educational scholarships for New Hampshire residents at the institution, as determined by rules of the postsecondary education commission adopted under RSA 188-D:8-a, VI.
II. Any grants made under this section shall be for the purpose of providing educational scholarships for New Hampshire residents at the qualifying institution.
III. The annual grant amount for each institutional applicant shall be limited to the lesser of the proposed amount of educational scholarship funds to be provided to New Hampshire students by the educational institution or the taxes paid in the previous tax year by such institution pursuant to RSA 72:23, IV.
IV. If at any time sufficient funds for grant awards are not available in the educational scholarship fund under RSA 188-D:44 to fund in full all grant applications qualifying under paragraph III, then the dollar amount of the grant to each qualifying institution shall be determined and awarded from funds in the educational scholarship fund in the same proportion that the total dollar amount of each institution’s qualifying application bears to the total dollar amount of all qualifying applications.
188-D:44 Fund Established. There is hereby established a special fund to be known as the educational scholarship fund. The fund shall consist of such moneys as may be appropriated for the purposes of this subdivision. The fund shall be managed by the state treasurer and shall be continually appropriated to the postsecondary education commission for the purposes of this subdivision.
3 New Subparagraph; State Accounts; Application of Receipts. Amend RSA 6:12, I(b) by inserting after subparagraph (234) the following new subparagraph:
(235) Moneys deposited in the educational scholarship fund established in RSA 188-D:44.
4 Effective Date. This act shall take effect 60 days after its passage.
LBAO
05-0633
01/03/05
HB 320-FN-A-LOCAL - FISCAL NOTE
AN ACT relative to educational scholarship grants to qualifying private educational institutions.
FISCAL IMPACT:
The Postsecondary Education Commission and the Department of Revenue Administration indicate the bill might increase state expenditures by an indeterminable amount in FY 2005 and each year thereafter. There will be no fiscal impact on state, county and local revenue or on county and local expenditures.
METHODOLOGY:
The bill establishes a program and a fund for the granting of educational scholarships to qualifying private secondary and postsecondary educational institutions in the state.
The Postsecondary Education Commission indicates the bill will not generate any additional administrative costs and the amount of funds distributed will depend on the amount of money appropriated into the educational scholarship fund.
The Department of Revenue Administration states it cannot determine the number of qualified institutions or the amount of tax paid on dormitories, dining rooms and kitchens by qualified institutions.