Section 198:15-d Time of Computation of Grant. - New Hampshire Statutes

As of January 1 in each year, the department of education shall cause to be computed the amount of the annual grants for school building aid to be paid to eligible school districts in the succeeding fiscal year. The computation shall be based upon the total of eligible costs of construction of school buildings approved by the legislative body of the school district and the department of education for which loans are outstanding in each school district for the fiscal year in which the computations are made.

Source. 1955, 335:9, par. 14-d. 1957, 301:2. 1991, 169:4. 2003, 306:1, eff. Sept. 16, 2003. 2008, 289:3, eff. Aug. 26, 2008.