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 include the insertion that "All funds disbursed from a federal governmental unit shall be deemed to be unanticipated money under the provisions of this section." Additionally, it clarifies that funds from the education trust fund will not be considered unanticipated money, maintaining the existing provision that excludes these funds.

Furthermore, the bill mandates that any notice of a hearing regarding unanticipated funds of $20,000 or more must include a summary of any obligations incurred by accepting such funds. This requirement is also extended to the minutes of school board meetings, which must reflect whether there are any obligations associated with the acceptance of unanticipated funds. The new legal language inserted specifies that the notice and minutes must state "a summary of any obligations incurred by accepting the unanticipated funds, or state that there are no obligations incurred." The bill will take effect 60 days after its passage.

Statutes affected:
Introduced: 198:20-