This bill amends current law regarding the appropriation of unanticipated funds for school districts by establishing that all funds disbursed from a federal governmental unit are to be considered unanticipated money. Specifically, it modifies RSA 198:20-b, II-III to include the new provision that all federal funds will be classified as unanticipated, while explicitly stating that funds from the education trust fund will not be categorized as such.

Additionally, the bill mandates that any notice of a hearing regarding unanticipated funds of $20,000 or more must include a summary of any obligations incurred by accepting these funds. For amounts less than $20,000, the school board is required to include similar information in the meeting minutes. This ensures transparency and accountability in the acceptance of federal funds by school districts. The act will take effect 60 days after its passage.

Statutes affected:
Introduced: 198:20-