This bill appropriates $5,000,000 to the Claremont School District to cover costs associated with the renovation of Stevens High School, which took place in 2015 during a building aid moratorium. The funds will be drawn from the revenue stabilization reserve account, also known as the "Rainy Day Fund." The bill emphasizes the urgency of the district's financial needs due to past fiscal mismanagement and highlights that the district would have qualified for building aid if not for the moratorium.

The legal language of the bill includes the insertion of a new appropriation clause that specifies the allocation of funds to the Claremont School District and the authorization for the governor to draw a warrant for these sums from the treasury. There are no deletions from current law noted in the text. The bill is set to take effect 60 days after its passage, with no expected revenue impact on the state budget for the fiscal years 2026 to 2029, but it does outline a significant expenditure of $5,000,000 in FY 2027.