1 Appropriation for Unanticipated Funds Made Available During the Year. Amend RSA 198:20-b, II-III to read as follows:

II. Such money shall be used only for legal purposes for which a school district may appropriate money. No funds disbursed from the education trust fund pursuant to RSA 198:42 shall, under any circumstances, emergency or otherwise, be deemed to be unanticipated money under the provisions of this section.

III.(a) For unanticipated funds in the amount of $20,000 or more, the school board shall hold a prior public hearing on the action to be taken. Notice of the time, place, and subject of such hearing shall be published in a newspaper of general circulation in the relevant municipality at least 7 days before the meeting is held.

(b) A school board may establish the amount of unanticipated funds required for notice under this subparagraph, provided such amount is less than $20,000. For unanticipated funds in an amount less than $20,000, the school board shall post notice of the funds in the agenda and shall include notice in the minutes of the school board meeting in which such funds are discussed. The acceptance of unanticipated funds under this subparagraph shall be made in public session of any regular school board meeting.

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

1 Appropriation for Unanticipated Funds Made Available During the Year. Amend RSA 198:20-b, II-III to read as follows:

II. Such money shall be used only for legal purposes for which a school district may appropriate money. No funds disbursed from the education trust fund pursuant to RSA 198:42 shall, under any circumstances, emergency or otherwise, be deemed to be unanticipated money under the provisions of this section. All funds disbursed from a federal governmental unit shall be deemed to be unanticipated money under the provisions of this section.

III.(a) For unanticipated funds in the amount of $20,000 or more, the school board shall hold a prior public hearing on the action to be taken. Notice of the time, place, and subject of such hearing shall be published in a newspaper of general circulation in the relevant municipality at least 7 days before the meeting is held. Such notice shall contain a summary of any obligations incurred by accepting the unanticipated funds, or state that there are no obligations incurred.

(b) A school board may establish the amount of unanticipated funds required for notice under this subparagraph, provided such amount is less than $20,000. For unanticipated funds in an amount less than $20,000, the school board shall post notice of the funds in the agenda and shall include notice in the minutes of the school board meeting in which such funds are discussed. The minutes of the school board meeting shall contain a summary of any obligations incurred by accepting the unanticipated funds, or state that there are no obligations incurred. The acceptance of unanticipated funds under this subparagraph shall be made in public session of any regular school board meeting.

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