This bill amends the existing law regarding the school building aid program by making the funds appropriated to this program nonlapsing. Specifically, it modifies RSA 198:15-a, I to include new language stating that "Funds appropriated pursuant to this section shall be nonlapsing." This change ensures that the allocated funds for school construction will not expire at the end of the fiscal year, allowing for greater flexibility and stability in funding for local school districts and chartered public schools.

The bill is set to take effect on July 1, 2025, providing a timeline for the implementation of this new provision. The intent behind this legislation is to enhance the financial support for school infrastructure projects, ensuring that resources are available when needed without the pressure of lapsing funds.

Statutes affected:
Introduced: 198:15-a