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 the new provision 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 financial stability and planning for local school districts and chartered public schools.

The bill is set to take effect on July 1, 2025, providing a clear timeline for when the new provisions will be implemented. The intent behind this legislation is to support local educational institutions in managing their school building costs more effectively by ensuring that the financial resources remain available as needed.

Statutes affected:
Introduced: 198:15-a