I. For the biennium beginning July 1, 2023, the annual cost of providing the opportunity for an adequate education as defined in N.H. Rev. Stat. § 193-E:2-a shall be as specified in paragraph II. The department shall adjust the rates specified in this paragraph in accordance with N.H. Rev. Stat. § 198:40-d.
II. (a) A cost of $4,100 per pupil in the ADMR, plus differentiated aid as follows:

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(b) An additional $2,300 for each pupil in the ADMR who is eligible for a free or reduced price meal anytime during the determination year; plus
(c) An additional $800 for each pupil in the ADMR who is an English language learner anytime during the determination year; plus
(d) An additional $2,100 for each pupil in the ADMR who is receiving special education services anytime during the determination year.
III. The sum total calculated under paragraph II shall be the cost of an adequate education. The department shall determine the cost of an adequate education for each municipality based on the ADMR of pupils who reside in that municipality.