SB 586-FN - AS INTRODUCED
2026 SESSION
26-2110
07/05
SENATE BILL 586-FN
SPONSORS: Sen. Murphy, Dist 16; Sen. Gannon, Dist 23; Sen. Pearl, Dist 17; Sen. Sullivan, Dist 18; Sen. Innis, Dist 7; Sen. Avard, Dist 12; Sen. Ward, Dist 8; Sen. Birdsell, Dist 19; Sen. Carson, Dist 14
COMMITTEE: Election Law and Municipal Affairs
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ANALYSIS
This bill requires school districts to publish a school administrative unit audit report after the end of the fiscal year.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-2110
07/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty-Six
AN ACT requiring school districts to publish a school administrative unit audit report after the end of the fiscal year.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Education; District Taxes; Reports Required; Cities and School Districts. RSA 198:4-d, III is repealed and reenacted to read as follows:
III. Each city, school district, and chartered public school shall file a report for the preceding fiscal year showing a summary of receipts and expenditures, according to uniform classifications, and a balance sheet showing assets and liabilities at the close of the year. This report shall be either an audit completed and verified by an independent certified public accountant, or if no such audit is completed, a financial audit report filed by the governing body of the city, school district, or chartered public school which includes balance sheets; a breakdown of revenue sources; an itemized list of expenditures; an itemized list of all employees or staff on payroll and their pay; an itemized list of any applicable benefit contributions; and an itemized list of the school or district's assets, debts, bonds, lease agreements, and capital improvement investment projects. The audit or financial report shall be submitted on or before September 1 of each year. Each report submitted under this paragraph shall include a certification signed by the chairperson of the school district's governing body or the chairperson of the board of trustees of approved public academies that states: "I certify, under the pains and penalties of perjury, to the best of my knowledge and belief, that all of the information contained in this document is true, accurate and complete." The commissioner of the department of education shall verify that the report appears complete, comparing it against those submitted in prior years. The commissioner shall withhold any and all state funding allocated to any non-compliant city, school district, or chartered public school until the audit or financial report is completed and submitted to the department, and any questions are answered to the commissioner's satisfaction.
2 Effective Date. This act shall take effect July 1, 2026.
26-2110
Revised 12/30/25
SB 586-FN- FISCAL NOTE
AS INTRODUCED
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from the Department of Education. The Department was initially contacted on 11/20/25 for a fiscal note worksheet, with follow-up contact made on 12/5/25. When completed, the fiscal note will be forwarded to the Senate Clerk's Office.
AGENCIES CONTACTED:
Department of Education
Nov. 25, 2025: Introduced 01/07/2026 and Referred to Election Law and Municipal Affairs; SJ 1