This bill aims to repeal the funding cap on targeted aid that is used to determine education adequacy grants. Specifically, it amends RSA 198:41, I by removing the provision that limits additional targeted aid to $3,750 per pupil for municipalities with a total Average Daily Membership in Residence (ADMR) of 5,000 or more. The new legal language adds provisions for municipalities' extraordinary need grants and fiscal capacity disparity aid grants without the previous cap, thereby allowing for potentially increased funding for education in those municipalities.

Additionally, the bill repeals a previous law (2025, 142:3) that was set to take effect in July 2027, which would have impacted the determination of education grants. The effective date for this new act is set for July 1, 2026, at 12:01 a.m. The Office of Legislative Budget Assistant has not yet completed a fiscal note for the bill, as it is still awaiting information from the Department of Education.

Statutes affected:
Introduced: 198:41
HB1831 text: 198:41