NH HB1610

Requires school districts to seek annual voter authorization to retain year-end unassigned general funds, replacing the current system of indefinite authorization that continues until rescinded

Reduces the maximum amount of retained unassigned general funds from 5% to 2.5% of the current fiscal year's net assessment

Mandates specific ballot language informing voters that retained funds would be used "for any unanticipated purposes, instead of returning funds to taxpayers to lower taxes"

Requires school boards to present annual accounting of retained general funds at a public meeting and publish the report annually

Automatically rescinds all existing indefinite authorizations for school districts to retain unassigned general funds upon the act taking effect 60 days after passage