CHAPTER 119
HB 1225 – FINAL VERSION
21Mar2012… 1105h
2012 SESSION
04/10
HOUSE BILL 1225
AN ACT permitting a charter school to incur long-term debt.
SPONSORS: Rep. Hill, Merr 6; Sen. Forsythe, Dist 4
This bill authorizes chartered public schools to incur long-term debt for the purpose of purchasing buildings or land or for new construction or renovations.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
21Mar2012… 1105h
12-2207
04/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT permitting a charter school to incur long-term debt.
Be it Enacted by the Senate and House of Representatives in General Court convened:
119:1 Chartered Public Schools; Duties and Authority 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.
(i) To have such other powers that are available to a business corporation formed under RSA 293-A and that are not inconsistent with this chapter.
119:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 5, 2012
Effective Date: August 4, 2012