Bill Text: NH HB1228 | 2018 | Regular Session | Enrolled

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Bill Title: Removing the limitation on a chartered public school incurring long term debt.

Spectrum: Partisan Bill (Republican 9-0)

Status: (Passed) 2018-07-19 - Signed by Governor Sununu 07/18/2018; Chapter 372; Eff. 09/16/2018 [HB1228 Detail]

Download: New_Hampshire-2018-HB1228-Enrolled.html

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HB 1228 - VERSION ADOPTED BY BOTH BODIES

 

 

2018 SESSION

18-2160

06/04

 

HOUSE BILL HB 1228

 

AN ACT removing the limitation on a chartered public school incurring long term debt.

 

SPONSORS: Rep. Hill, Merr. 3; Rep. McGuire, Merr. 29; Rep. Freeman, Hills. 12; Rep. L. Turcotte, Straf. 4; Rep. Ladd, Graf. 4; Rep. Weyler, Rock. 13; Sen. French, Dist 7; Sen. Avard, Dist 12; Sen. Reagan, Dist 17

 

COMMITTEE: Education

 

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ANALYSIS

 

This bill deletes the limitation on public charter schools that required them to be in operation for 5 years before incurring long term debt.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

18-2160

06/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT removing the limitation on a chartered public school incurring long term debt.

 

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

 

1  Chartered Public Schools; Authority and Duties of Board of Trustees.  Amend RSA 194-B:5, III(h) to read as follows:

(h)  [For chartered public schools that have been in operation for 5 or more years,] To incur long-term debt for the purpose of purchasing buildings or land, or for new construction or renovations to existing buildings.  The state shall not be liable for any debt or other financial obligation incurred under this subparagraph.

2  Effective Date.  This act shall take effect 60 days after its passage.