1 School Building Aid; Grants for School Construction. Amend RSA 198:15-a, IV to read as follows:

IV. Beginning July 1, 2013 , and every fiscal year thereafter, school building aid grants for construction or renovation projects approved by the department of education shall not exceed $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 .

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 School Building Aid; Alternative School Building Aid Grants. Amend RSA 198:15-w to read as follows:

198:15-w Alternative School Building Aid Grants; Procedures. The provisions of RSA 198:15-c through 198:15-h shall apply to any grant made under this subdivision.

3 Effective Date. This act shall take effect July 1, 2023.

1 School Building Aid; Grants for School Construction. Amend RSA 198:15-a, IV to read as follows:

IV. (a) Beginning July 1, 2023 , and every fiscal year thereafter, school building aid grants for construction or renovation projects approved by the department of education shall not total less than $60,000,000 per fiscal year exclusive of appropriations for debt service payments owed for previous fiscal years .

(b) Provided, that at least $5,000,000 per fiscal year of the total in subparagraph (a) shall be awarded to fund one-half of the building aid amount for projects that started construction between July 1, 2009 and June 30, 2019, which would have been eligible for building aid had funding been available for new projects. These projects shall submit a building aid application developed by the department of education and shall be awarded in the ranked order developed pursuant to RSA 198:15-c, II(a) and II(b).

(c) 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 School Building Aid; Alternative School Building Aid Grants. Amend RSA 198:15-w to read as follows:

198:15-w Alternative School Building Aid Grants; Procedures. The provisions of RSA 198:15-c through 198:15-h shall apply to any grant made under this subdivision. Provided that grants underRSA 198:15-a, IV(b) for approved alternative school building aid grant applications shall be calculated at 50 percent of the current applicable building aid grant amount pursuant to RSA 198:15-u through RSA 198:15-w for the school district, city, cooperative school district, joint maintenance agreement, or receiving district.

3 Effective Date. This act shall take effect July 1, 2023.