This bill mandates that all funds received by school districts from state or federal government sources must be disclosed in the school board's annual report or during public hearings regarding unanticipated funds. Specifically, the bill amends RSA 198:4 to require that the annual report includes a summary of anticipated funds, detailing the title of each fund and any obligations incurred by accepting these funds. Additionally, it amends RSA 198:20-b to classify any funds not disclosed in the annual report as "unanticipated money," which necessitates a public hearing if the amount is $20,000 or more.

Furthermore, the bill stipulates that notices for public hearings must include the title of the fund and a summary of any obligations related to the unanticipated funds. For amounts less than $20,000, the school board is required to post notice in the meeting agenda and include it in the meeting minutes, which must also detail the fund's title and any obligations incurred. The effective date of this act is set for 60 days after its passage.

Statutes affected:
Introduced: 198:20-
As Amended by the House: 198:4, 198:20-
Version adopted by both bodies: 198:4, 198:20-