1 Education Freedom Accounts; Education Trust Fund. Amend RSA 194-F:11 to read as follows:

194-F:11 Appropriation From Education Trust Fund. The amount necessary to fund any grants or transfers of funds authorized under this chapter 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 any grant or transfer of funds authorized under this chapter.

2 Effective Date. This act shall take effect 60 days after its passage.

1 Education Freedom Accounts; Education Trust Fund. Amend RSA 194-F:11 to read as follows:

194-F:11 Appropriation From Education Trust Fund. The amount necessary to fund any grants or transfers of funds authorized under this chapter is hereby appropriated to the department from the education trust fund created under RSA 198:39 , provided, however, that no amount of a municipality 's education property tax revenues collected pursuant to RSA 76 and any local education tax revenues collected pursuant to the property tax warrant under RSA 76:8 shall be reduced or used in the calculation of available funds for this chapter. 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 any grant or transfer of funds authorized under this chapter.

2 Effective Date. This act shall take effect 60 days after its passage.