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 states, "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 the implementation of this new provision. By making these funds nonlapsing, the legislation aims to enhance the ability of educational institutions to manage and utilize financial resources effectively for school building projects.

Statutes affected:
Introduced: 198:15-a