NH HB1824

Authorizes the Commissioner of Education, with approval from the Joint Legislative Fiscal Committee, to enter into loan agreements with financially insolvent school districts for a maximum term of 5 years

Allows municipalities to provide emergency financial assistance from existing municipal funds to insolvent school districts located within their boundaries

Increases the maximum amount school districts may retain in year-end unassigned general funds from 5% to 10% of the current fiscal year's net assessment

Establishes a School District Adequacy Revolving Loan Fund within the Department of Treasury to assist districts with cash flow issues while awaiting adequacy payments, with loans capped at 75% of total adequacy funding

Requires school districts borrowing from the revolving loan fund to repay within 5 years and prohibits them from issuing reimbursement anticipation notes during that repayment period