The bill proposes an appropriation of funds to the Department of Environmental Services specifically for wastewater infrastructure projects. It allocates $15,000,000 for the fiscal year ending June 30, 2024, and an additional $15,000,000 for the fiscal year ending June 30, 2025. These funds are nonlapsing and are intended to be used for payments to communities for projects that have already been awarded state aid grant funding for eligible and completed wastewater infrastructure projects as per RSA 486. The bill also stipulates that any funds not utilized for existing grants may be allocated to award new grants. The governor is given the authority to draw a warrant for the sums from any money in the treasury that is not otherwise appropriated. The act is set to take effect on July 1, 2023.

The fiscal note attached to the bill indicates that there will be no impact on state revenue, but there will be an increase in state and local expenditures by $15,000,000 in both FY 2024 and FY 2025. The Department of Environmental Services has estimated the cost to make payments for existing state aid grant awards at $12,362,390 for FY 2024 and $15,496,220 for FY 2025. These figures are included in the Department's "Prioritized Need Request" for the FY 2024-2025 operating budget. If these amounts are approved in the operating budget, any additional appropriation from this bill would be used for new grants. The state aid grants cover 20 percent of the principal and interest for 20 years on the eligible costs of sewage disposal facility projects undertaken by municipalities. The bill includes deletions and insertions that adjust the fiscal impact and funding source sections, but the specific changes are not detailed in the provided text.