Text to be removed highlighted in red.
1 School Building Aid; Grant for School Construction. Amend RSA 198:15-a, IV to read as follows:
IV. Beginning July 1, 2013 2020, and every fiscal year thereafter, school building aid grants for construction or renovation projects approved by the department of education shall not exceed not be less than $50,000,000 per fiscal year less any debt service payments owed in the fiscal year, unless otherwise provided by an act of the general court. In addition, each fiscal year, there is hereby appropriated to the department of education for the purpose of making school building aid grants pursuant to this chapter, an amount equal to the difference between $50,000,000 and the state operating budget appropriation for building aid-education, account 06-56-56-561010-6019-77. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated. School building aid grants shall be funded from appropriations in the state operating budget and No state bonds shall be authorized or issued for the purpose of funding such school building aid grants.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 School Building Aid; Grant for School Construction. Amend RSA 198:15-a, IV to read as follows:
IV. Beginning July 1, 2020, and every fiscal year thereafter, school building aid grants for construction or renovation projects approved by the department of education shall not be less than $50,000,000 per fiscal year . In addition, each fiscal year, there is hereby appropriated to the department of education for the purpose of making school building aid grants pursuant to this chapter, an amount equal to the difference between $50,000,000 and the state operating budget appropriation for building aid-education, account 06-56-56-561010-6019-77. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated. No state bonds shall be authorized or issued for the purpose of funding such school building aid grants.
2 Effective Date. This act shall take effect 60 days after its passage.