Revision: Jan. 28, 2013, midnight
HB 570-FN – AS INTRODUCED
2013 SESSION
04/10
HOUSE BILL 570-FN
AN ACT relative to school building aid grant eligibility for the White Mountain Regional school district.
SPONSORS: Rep. H. Richardson, Coos 4; Rep. Major, Rock 14; Rep. Rideout, Coos 7; Rep. Theberge, Coos 3; Rep. Rappaport, Coos 1; Rep. Chandler, Carr 1; Sen. Woodburn, Dist 1
This bill exempts the White Mountain Regional school district from the moratorium on school building aid grants.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
13-0180
04/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT relative to school building aid grant eligibility for the White Mountain Regional school district.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 School Building Aid Grant Eligibility; White Mountain Regional School District. The provisions of 2011, 224:4, shall not apply to the White Mountain Regional school district for any project approved at the 2013 White Mountain Regional school district meeting. A school building project approved at the 2013 White Mountain regional school district meeting shall be eligible for school building aid grants in accordance with the version of RSA 198 in effect on June 30, 2009.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
13-0180
Revised 01/15/13
HB 570-FN - FISCAL NOTE
AN ACT relative to school building aid grant eligibility for the White Mountain Regional school district.
FISCAL IMPACT:
The Department of Education states this bill, as introduced, will increase state general fund expenditures and local revenue by $334,071 in FY 2013 and each year thereafter. There is no fiscal impact on state and county revenue, or county and local expenditures.
METHODOLOGY:
The Department of Education states this bill exempts the White Mountain Regional School District (WMRSD) from the moratorium, currently in place through June 30, 2013, on new projects eligible for school building aid funding from the state. The Department states WMRSD is eligible for 56% aid to renovate the high school and career technical education (CTE) center, and 40% for the school administrative unit (SAU) office:
|
High School |
CTE Center |
SAU Office |
Total |
Eligible Cost |
$6,584,318 |
$4,470,920 |
$1,226,233 |
$12,281,471 |
Eligible Aid (%) |
56% |
56% |
40% |
|
Eligible Aid ($) |
$3,687,218 |
$2,503,715 |
$490,493 |
$6,681,426 |
The department states the bond note would be level debt for 20 years: $6,681,426 ÷ 20 years = $334,071 per year.
This bill does not appropriate any funds.