This bill proposes an appropriation of $300 for each full-time student eligible for in-state tuition enrolled in the University System of New Hampshire, starting in fiscal year 2027. The new section, RSA 187:25-b, stipulates that the total appropriation for each year of the biennium will be capped at $5,400,000, with the number of eligible students calculated annually on October 1. The funds are designated to help reduce in-state tuition costs for qualifying students and will be non-lapsing, allowing the governor to draw from the treasury as needed.

The fiscal impact of the bill indicates that while there will be no revenue generated, expenditures will begin in FY 2027, with estimated costs of approximately $2,988,300 for that year, increasing slightly in subsequent years. The bill does not delete any existing legal language but adds the new section to the current law governing education appropriations. The effective date for this act is set for July 1, 2026.