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1 Grant 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 Appropriation; Department of Education; School Building Aid Grants. For fiscal years, 2024 and 2025, the sum of $100,000,000 per fiscal year is appropriated to the department of education for funding school building aid grants made pursuant to RSA 198:15-a through RSA 198:15-w. The governor is authorized to draw a warrant for said sums out of any money in the treasury not otherwise appropriated.
3 Effective Date.
I. Section 1 of this act shall take effect July 1, 2025.
II. The remainder of this act shall take effect upon its passage.
Text to be added highlighted in green.
1 Grant for School Construction. Amend RSA 198:15-a, IV to read as follows:
IV. Beginning July 1, 2025 , 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 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 Appropriation; Department of Education; School Building Aid Grants. For fiscal years, 2024 and 2025, the sum of $100,000,000 per fiscal year is appropriated to the department of education for funding school building aid grants made pursuant to RSA 198:15-a through RSA 198:15-w. The governor is authorized to draw a warrant for said sums out of any money in the treasury not otherwise appropriated.
3 Effective Date.
I. Section 1 of this act shall take effect July 1, 2025.
II. The remainder of this act shall take effect upon its passage.