This bill limits the amounts of funds appropriated from the education trust fund to the education freedom account program to budgeted sums. It amends RSA 194-F:11 to specify that the amounts necessary to fund grants or transfers of funds authorized under this chapter are hereby appropriated to the department from the education trust fund. The bill also specifies that the warrant for payment shall not exceed $3,300,000 for fiscal year 2023, and in subsequent fiscal years, it shall not exceed the amounts appropriated for such purpose in the biennial state operating budget. The bill takes effect on July 1, 2023.

The fiscal impact of this bill is currently unknown, as the Office of Legislative Budget Assistant is awaiting information from the Department of Education. The Department has been contacted for a fiscal note worksheet, and once completed, the fiscal note will be forwarded to the House Clerk's Office.

Statutes affected:
Introduced: 194-F:11