New Hampshire Revised Statutes 198:18 – Cooperative School District Aid
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I. As an incentive to the pre-existing districts which, heretofore or hereafter, undertake the obligations of a cooperative school district, the state board shall, from funds appropriated by the general court to carry out the provisions hereof, pay annually to each cooperative school district sums in accordance with the following schedule: For each pupil from a pre-existing district who attends a cooperative school located in another pre-existing district in average daily membership in the preceding school year, in a cooperative elementary school, $45; in a cooperative junior high school or equivalent program, $60; and in a cooperative high school, $75.
II. As of June 30 in each year the state board shall cause to be computed the amount of annual grants to be paid to cooperative school districts in the succeeding fiscal year based upon average daily memberships in the preceding fiscal year. If in any year the amount appropriated for distribution hereunder is insufficient therefor, the available appropriation shall be apportioned proportionately among the several cooperative school districts. Any available appropriation not fully distributed in the first year of any biennium may be distributed in the second year if required to meet the formula established in paragraph I.
II. As of June 30 in each year the state board shall cause to be computed the amount of annual grants to be paid to cooperative school districts in the succeeding fiscal year based upon average daily memberships in the preceding fiscal year. If in any year the amount appropriated for distribution hereunder is insufficient therefor, the available appropriation shall be apportioned proportionately among the several cooperative school districts. Any available appropriation not fully distributed in the first year of any biennium may be distributed in the second year if required to meet the formula established in paragraph I.
Terms Used In New Hampshire Revised Statutes 198:18
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4