Loading chat...
NH HB1495
Bill
Status
3/6/2026
Primary Sponsor
Roderick Ladd
Click for details
AI Summary
-
Allows school districts and cities with dependent school districts to borrow money in anticipation of reimbursements under special education (RSA 186-C:18) and education funding (RSA 198:42) provisions
-
Permits governing bodies to recognize borrowing proceeds as revenue for property tax rate setting purposes after providing written notification to the Department of Revenue Administration
-
Adds requirement that note proceeds may only be used for the same purpose as the anticipated funds being borrowed against
-
Exempts such borrowing from standard municipal debt limit provisions under RSA 33
-
Takes effect immediately upon passage
Legislative Description
Allowing a reimbursement anticipation note to be used as collateral in certain circumstances.
Last Action
==CANCELLED== Hearing: 03/18/2026, Room 100, State House, 01:00 pm; Senate Calendar 10
3/12/2026