Section 198:15-e Proration and Unexpended Funds. - New Hampshire Statutes

If in any year, the amount appropriated for distribution as school building grants in accordance with RSA 198:15-b is insufficient therefor, grants for eligible construction work approved by the legislative body of the school district since the approval of the most recent state biennial budget shall be deferred and included in a request for a future appropriation, or partial grants may be made to the extent of the available appropriation. Any partial grant made shall be prorated proportionally among all districts with eligible construction work approved since the approval of the most recent biennial budget. The department of education shall include any unpaid grant amounts in the next biennial budget or request a supplemental appropriation. If the amount appropriated is insufficient after deducting all grants approved since the approval of the most recent biennial budget, the appropriation shall be prorated proportionally among the districts entitled to a grant. Any amounts not distributed in the first year of any biennium may be distributed in the second year if required to distribute the maximum amount permissible under RSA 198:15-a.

Source. 1955, 335:9, par. 14-e. 2008, 289:4, eff. Aug. 26, 2008.