2006 New Hampshire Statutes - Section 198:41 Determination of Grants and Excess Tax.

[Paragraph I effective until July 1, 2009; see also paragraph I set out below.]

    I. For each municipality the department of education shall determine the total education grant as follows:
       (a) For the fiscal years beginning July 1, 2005 and July 1, 2007, add the amounts determined in RSA 198:40-a, RSA 198:40-b, and RSA 198:40-c for each municipality. Such amount shall also be used to determine a municipality's grant in the second year of such bienniums.
       (b) (1) For the fiscal year beginning July 1, 2005, if a municipality's education grant as determined in subparagraph (a) is less than 85 percent of the education grant determined for such municipality for the fiscal year beginning July 1, 2004, under the version of RSA 198:41 in effect on July 1, 2004, then the municipality shall receive a transition grant equal to the excess of 85 percent of the education grant determined for such municipality for the fiscal year beginning July 1, 2004 over the municipality's grant determined in subparagraph (a).
          (2) For the fiscal year beginning July 1, 2006, an eligible municipality shall receive the same amount as determined under subparagraph (b)(1).
       (c) (1) For the fiscal year beginning July 1, 2007, if a municipality's education grant as determined in subparagraph (a) is less than 85 percent of the municipality's education grant determined in subparagraph (b), then the municipality shall receive a transition grant equal to the excess of 85 percent of the education grant determined for such municipality for the fiscal year beginning July 1, 2006 over the municipality's grant determined in subparagraph (a).
          (2) For the fiscal year beginning July 1, 2008, an eligible municipality shall receive the same amount as determined under subparagraph (c)(1).
       (d) The total education grant shall be the sum of subparagraphs (a), (b), and (c).
       (e) The department of education shall notify municipalities of the estimated amounts of grants by the November 15 which precedes the fiscal year for which aid is determined.

[Paragraph I effective July 1, 2009; see also paragraph I set out above.]

    I. For each municipality, the department of education shall determine the total education grant as follows:
       (a) For the first year of the biennium add the amounts determined in RSA 198:40-a, RSA 198:40-b, and RSA 198:40-c.
       (b) For the second year of the biennium, the total grant shall be the total grant as determined in paragraph I for the first year of the biennium.
       (c) The department of education shall notify municipalities of the estimated amounts of grants by the November 15 which precedes the fiscal year for which aid is determined.
    II. Annually, and in conjunction with setting tax rates under RSA 21-J:35, the department of revenue administration shall determine the amount of excess enhanced education tax for each municipality as follows:
       (a) If the average daily membership of the determination year is 2 or less, zero.
       (b) If the average daily membership of the determination year is greater than 2, then revenues from all applicable sources including the municipality's equitable education grant, but excluding the statewide enhanced education tax assessment, shall be subtracted from the total school appropriation, including appropriations of village districts for school purposes, for the year for which the tax rate is being set. If the resulting balance is:
          (1) Greater than the statewide enhanced education tax assessment, then the excess statewide education tax shall be zero.
          (2) Less than the statewide enhanced education tax assessment, then the balance shall be subtracted from the statewide enhanced education tax assessment. The remainder shall be excess statewide enhanced education tax to be remitted under RSA 198:46.
    III. Total state aid for an equitable education shall be the sum total of grants in paragraph I; plus the sum total of the statewide enhanced education tax assessed pursuant to RSA 76:8, less the total amount of excess statewide enhanced education tax remitted pursuant to RSA 198:46.

Source. 1999, 17:41, eff. April 29, 1999; 1999, 338:10, eff. Nov. 3, 1999. 2003, 241:7, eff. July 1, 2003. 2004, 200:8, eff. June 9, 2004; 244:4, eff. July 1, 2005. 2005, 257:7, eff. July 1, 2005 at 12:02 a.m.; 257:8, eff. July 1, 2009. 2006, 6:1, 2, eff. Feb. 10, 2006.