2006 New Hampshire Statutes - Section 198:40-b Targeted Per Pupil Aid.

Targeted aid shall be calculated by the department of education as follows:
    I. For the fiscal year beginning July 1, 2005, a municipality with a local equalized valuation including utilities per pupil, as calculated in RSA 198:40-a, II, which is less than or equal to 150 percent of the statewide average equalized valuation per pupil, as calculated in RSA 198:40-a, I, and a median family income which is less than or equal to 150 percent of the state average median family income, shall be eligible to receive targeted per pupil aid for such municipality's educationally disabled pupils, pupils eligible for free or reduced-price meals, limited English proficient pupils, and transportation costs as follows:
       (a) A per pupil amount shall be determined by dividing the statewide average equalized valuation including utilities per pupil, as calculated in RSA 198:40-a, I, by 1,000 and then multiplying by the state tax capacity rate.
       (b) The per pupil amount calculated in subparagraph (a) shall be multiplied by 0.95 and by the average daily membership in residence of educationally disabled pupils in the municipality. This amount shall be available as targeted aid for educationally disabled pupils in the municipality.
       (c) The per pupil amount calculated in subparagraph (a) shall be multiplied by 0.95 and by the number of pupils eligible for a free or reduced-price meal. This amount shall be available as targeted aid for pupils eligible to receive a free or reduced-price meal in the municipality.
       (d) The amount of $1,000 shall be multiplied by the number of limited English proficient pupils in the municipality.
       (e) Transportation aid in the amount of $190 shall be multiplied by the average daily membership in residence in the municipality.
       (f) Total targeted per pupil aid for the municipality shall be the sum of subparagraphs (b), (c), (d), and (e).
    II. For the biennium beginning July 1, 2007, a municipality with a local equalized valuation including utilities per pupil, as calculated in RSA 198:40-a, II, which is less than or equal to 150 percent of the statewide average equalized valuation per pupil, as calculated in RSA 198:40-a, I, and a median family income which is less than or equal to 150 percent of the state average median family income, shall be eligible to receive targeted per pupil aid for such municipality's educationally disabled pupils, pupils eligible for free or reduced-price meals, limited English proficient pupils, and transportation costs as follows:
       (a) A per pupil amount for educationally disabled pupils shall be determined by dividing $100,000,000 by the total average daily membership in residence of educationally disabled pupils in municipalities eligible for targeted per pupil aid. For each eligible municipality, this per pupil amount shall be multiplied by the average daily membership of educationally disabled pupils and the resulting amount shall be available as targeted per pupil aid. Beginning July 1, 2007, and in the first year of each biennium thereafter, the $100,000,000 amount in this subparagraph shall be increased by the greater of the average annual rate of inflation or 3 percent.
       (b) A per pupil amount for pupils eligible for free or reduced-priced meals shall be determined by dividing $115,000,000 by the total number of students eligible for free or reduced priced meals in municipalities eligible for targeted per pupil aid. For each eligible municipality, the per pupil amount shall be multiplied by the number of pupils eligible to receive a free or reduced-price meal and the resulting amount shall be available as targeted per pupil aid. Beginning July 1, 2007, and in the first year of each biennium thereafter, the $115,000,000 amount in this subparagraph shall be increased by the greater of the average annual rate of inflation or 3 percent.
       (c) The amount of $1,000 shall be multiplied by the number of limited English proficient pupils in each eligible municipality.
       (d) Transportation aid in the amount of $190 shall be multiplied by the average daily membership in residence of pupils in each eligible municipality.
       (e) Total targeted per pupil aid for the municipality shall be the sum of subparagraphs (a), (b), (c), and (d).
    III. A municipality with a local equalized valuation per pupil, as calculated in RSA 198:40-a, II, which is greater than 150 percent of the statewide average equalized valuation per pupil as calculated in RSA 198:40-a, I, or a median family income which is greater than 150 percent of the state average shall not receive targeted per pupil aid under this section.

Source. 2005, 257:6, eff. July 1, 2005 at 12:02 a.m.