This bill requires that any surplus in the education trust fund be transferred to the general fund at the end of each fiscal year. It adds a new paragraph to RSA 198:39 stating this requirement. The bill will take effect on June 30, 2024.

According to the fiscal note, the bill will result in transfers from the education trust fund to the general fund of $183,873,000 in FY 2024 and $48,415,000 in FY 2025. The actual amounts will depend on the revenue and expenditure activity of the education trust fund in each fiscal year. No new positions or appropriations are authorized by this bill.

Statutes affected:
Introduced: 198:39