HB 1495 - AS INTRODUCED
2026 SESSION
26-2411
07/08
HOUSE BILL 1495
AN ACT allowing a reimbursement anticipation note to be used as collateral in certain circumstances.
SPONSORS: Rep. Ladd, Graf. 5; Rep. Spilsbury, Sull. 3; Rep. Popovici-Muller, Rock. 17; Rep. Peeples, Hills. 14; Rep. Damon, Sull. 8; Sen. Innis, Dist 7; Sen. Sullivan, Dist 18
COMMITTEE: Education Funding
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ANALYSIS
This bill allows school districts to borrow and categorize funds as revenue, so long as they are only used for the same purpose as anticipated funds.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-2411
07/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty-Six
AN ACT allowing a reimbursement anticipation note to be used as collateral in certain circumstances.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Education; School Money; Reimbursement Anticipation Notes. Amend RSA 198:20-d to read as follows:
198:20-d Reimbursement Anticipation Notes. Notwithstanding any other provision of law to the contrary, a school district or a city with a dependent school district may incur debt in anticipation of reimbursement under RSA 186-C:18 and under RSA 198:42. The governing body, after notice and public hearing, may elect to borrow such funds and to recognize the proceeds of the borrowing as revenue for property tax rate setting purposes by providing written notification to the commissioner of the department of revenue administration stating the specific amount of borrowing to be recognized as revenue. Note proceeds shall only be used for the same purpose as the anticipated funds. Any borrowing under this section shall be exempt from the provisions of RSA 33, relative to debt limits.
2 Effective Date. This act shall take effect upon its passage.
| Date | Body | Type |
|---|---|---|
| Jan. 27, 2026 | House | Hearing |
| Feb. 17, 2026 | House | Exec Session |
| Feb. 17, 2026 | House | Floor Vote |
Feb. 20, 2026: Minority Committee Report: Inexpedient to Legislate
Feb. 20, 2026: Majority Committee Report: Ought to Pass 02/17/2026 (Vote 10-8; RC)
Feb. 11, 2026: Executive Session: 02/17/2026 10:00 am GP 232
Jan. 13, 2026: ==ROOM CHANGE== Public Hearing: 01/27/2026 10:00 am GP 234
Dec. 10, 2025: Introduced 01/07/2026 and referred to Education Funding