Bill Text: NH SB24 | 2011 | Regular Session | Introduced

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Bill Title: Exempting the Unity school district from the moratorium on school building aid.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-03-09 - Senate Sen. Bradley Moved Laid on Table, Motion Adopted, Regular Calendar 18Y-5N; Senate Journal 8, Pg.89 [SB24 Detail]

Download: New_Hampshire-2011-SB24-Introduced.html

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SB 24-FN-LOCAL – AS INTRODUCED

2011 SESSION

11-0195

04/01

SENATE BILL 24-FN-LOCAL

AN ACT exempting the Unity school district from the moratorium on school building aid.

SPONSORS: Sen. Odell, Dist 8; Sen. Kelly, Dist 10; Sen. Larsen, Dist 15; Sen. Stiles, Dist 24; Rep. Cloutier, Sull 4; Rep. Gagnon, Sull 4; Rep. Osgood, Sull 4; Rep. Lovett, Sull 4; Rep. LaCasse, Sull 4

COMMITTEE: Education

ANALYSIS

This bill exempts the Unity school district from the provisions of the school building aid moratorium enacted in the 2010 legislative session.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11-0195

04/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT exempting the Unity school district from the moratorium on school building aid.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Unity School District; Exemption From School Building Aid Moratorium. The provisions of 2010, 246:2 shall not apply to the Unity school district.

2 Effective Date. This act shall take effect upon its passage.

LBAO

11-0195

12/06/10

SB 24-FN-LOCAL - FISCAL NOTE

AN ACT exempting the Unity school district from the moratorium on school building aid.

FISCAL IMPACT:

The Department of Education states this bill would increase state expenditures and local revenue by $105,750 in FY 2012 and in each fiscal year thereafter. There will be no fiscal impact on state and county revenue or county and local expenditures.

METHODOLOGY:

The Department states this bill would exempt the Unity school district from the school building aid moratorium enacted by Chapter 246:2, Laws of 2010. The Department states the Unity project will cost $4,700,000 to complete. Unity’s estimated annual bond principal payment for this project is $235,000 ($4,700,000 / 20 years) beginning in FY 2012. The Department states this bill will allow Unity to be eligible for annual reimbursement of its bond principal payment at a rate of 45% as authorized by RSA 198:15-v. Annual reimbursement provided by the state will total $105,750 ($235,000 * 45%).