This bill amends current law regarding the appropriation of unanticipated funds for school districts by establishing that all funds disbursed from a federal governmental unit will be classified as unanticipated money. Specifically, it modifies RSA 198:20-b, II-III to state that while funds from the education trust fund are not considered unanticipated, all federal funds will be. Additionally, the bill mandates that any notice of a public hearing regarding unanticipated funds of $20,000 or more must include a summary of any obligations incurred by accepting these funds, or indicate that there are no obligations.

Furthermore, for unanticipated funds below $20,000, the school board is required to include a summary of obligations in the meeting minutes where these funds are discussed. The bill emphasizes transparency by ensuring that both the public hearing notices and meeting minutes reflect any obligations associated with the acceptance of unanticipated funds. The act will take effect 60 days after its passage.

Statutes affected:
Introduced: 198:20-