This bill mandates that the Department of Education and the Department of Revenue Administration send annual school compliance and financial reports to all elected school board officials, school superintendents, and school business administrators. The new legal language inserted into the current law includes the establishment of two new sections: RSA 21-N:14 and RSA 21-J:50, which outline the requirements for these reports and the obligation to provide notifications regarding the reports expected to be sent each year.

The bill does not specify any deletions from current law but focuses on enhancing communication and transparency between state departments and local school authorities. The effective date of the act is set for 60 days after its passage, ensuring that the new reporting requirements are implemented in a timely manner.