NH HB366

Increases the minimum annual school building aid grants from a cap of $50 million to a floor of $60 million per fiscal year, effective July 1, 2025, exclusive of debt service payments for previously approved projects

Allocates at least $5 million per fiscal year to fund projects that started construction between July 1, 2009 and June 30, 2019, which were ineligible for building aid during the program moratorium, at 50% of the applicable grant amount

Makes school building aid funds nonlapsing and continually appropriated from the state operating budget, with no state bonds authorized for funding these grants

Estimated state expenditure increases of $45.2 million in FY 2026, $48.0 million in FY 2027, and $50.4 million in FY 2028, plus approximately $219,000-$238,000 annually for two new Department of Education positions

Funded through the Education Trust Fund, with local school districts receiving corresponding increases in state revenue for construction and renovation projects