New Hampshire Revised Statutes 198:26 – Time of Computation
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Terms Used In New Hampshire Revised Statutes 198:26
- 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.
- 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
As of June 30 in each year, the state board shall cause to be computed the amount of annual grants to be paid eligible districts in the succeeding fiscal year as provided herein. If the foster home is located in a pre-existing district within a cooperative district, any aid paid under this subdivision shall be credited to said pre-existing district. Any available appropriation not fully distributed among the districts in the first year of any biennium may be distributed in the second year if required to meet the formula established.