Title XV, Education

All educational institution bonds or other investments of moneys of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form (subject to provisions for any registration in the name of the bank). All educational instit…

The state is not liable for the payment of the principal of or interest on any bonds of the corporation, or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds of the corpora…

Notwithstanding any other provision of this chapter, the corporation is not empowered to undertake any project or refinancing of existing indebtedness authorized by this chapter unless, prior to the issuance of any bonds hereunder, the governor and his council, or their designee,…

A plan for reapportionment, including the terms of office of members to be elected pursuant thereto, as provided for by RSA 195:19-c: I. May be submitted to the voters by the school board at any regular meeting of the district, and II. Shall be submitted to the voters on petition…

The state does hereby pledge to and agree with the holders of any bonds, notes and other obligations issued under this chapter, and with those parties who may enter into contracts with the corporation pursuant to the provisions of this chapter, that the state will not limit, alte…

Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which the New Hampshire business finance authority might otherwise have under any laws of this state, and this chapter is cumulative of any such powers. This…

This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effect its purposes.

I. After the tenth anniversary of the date of operating responsibility, the school board of a cooperative school district may initiate a review of the feasibility and suitability of the withdrawal of one or more member districts from the cooperative district. A similar review sha…

A plan for the withdrawal of a member district or districts of a cooperative school district shall include the following: I. The name of the withdrawing district or districts and the grades. II. The number, composition, method of selection, and terms of office of the school board…

Each withdrawing district shall remain liable for its share of the indebtedness of the capital costs of the cooperative school district which is outstanding when the withdrawal vote takes effect, and the withdrawing district shall pay to the cooperative school district annually (…

If a pre-existing school district withdraws from the cooperative school district, the cooperative school district shall transfer and convey title to any school building and land located in the withdrawing district to the withdrawing district upon payment by the withdrawing distri…

If the state board approves the plan for withdrawal, the board shall cause the withdrawal plan to be published once in some newspaper generally circulated within the cooperative school district. Upon receipt of a written notice of the board's approval of the withdrawal agreement,…

As used in this chapter, the following words and terms have the following meanings, unless the context indicates another or different meaning or intent: I. "Corporation" means the New Hampshire business finance authority created and established as a corporation and constituted an…

Bonds sold pursuant to RSA 6-A:12 may be designated by the state treasurer as college savings bonds. Such college savings bonds shall mature not less than 5 years nor more than 20 years from the date of issuance, unless the state treasurer determines otherwise, and shall be subje…

I. Any town, city or special school district pursuant to an article in the warrant for any annual or special meeting may vote to create an area school planning committee consisting of 3 qualified voters of whom at least one shall be a member of the school board. The members of th…

I. Any qualified educational institution may form a voluntary nonprofit corporation in accordance with this chapter for the purposes specified in this chapter. A qualified educational institution may form a loan corporation either: (a) By organizing a new voluntary nonprofit corp…

An award of a state guarantee on a split-issue basis under RSA 195-C:2 shall specify the face amount of the bonds or notes which shall comprise the guarantee portion of the total authorized borrowing, and such guarantee shall be applicable with respect to that amount of the bonds…

I. (a) The state treasurer and the executive director shall, as needed, issue requests for proposals to evaluate and determine the vehicle for investments of the savings plan and its administration. (b) The state treasurer and the executive director shall consider and, if appropr…

The commission shall adopt rules relative to: I. The administration, management, promotion, and marketing of the savings plan. II. Maintaining the tuition savings program in compliance with Internal Revenue Service standards for qualified state tuition programs. III to VII. [Repe…

As used in this chapter: I. "Bank" means the New Hampshire municipal bond bank created and established by RSA 35-A:4. II. "Bonds" means bonds of the bank issued pursuant to this chapter. III. "Educational institution" means a public or other nonprofit institution situated within …

The vote to withdraw from a cooperative school district shall take effect on July 1 of the calendar year one year subsequent to the date on which the withdrawal vote is passed. A preexisting school district which withdraws from a cooperative school district shall remain a part of…

In the event that the cooperative district adopts the provisions of RSA 194-B, the percentage of pupils authorized by a vote of the cooperative school district shall be permitted to attend a chartered public school which may be established in the district and approved by the vote…

I. During the period from the date of the vote of the organization of any cooperative school district organized prior to July 1, 1963, to the date of operating responsibility such cooperative school district shall have all the authority and privileges of a regular school district…

I. (a) The treasurer shall, as needed, issue requests for proposals to evaluate and determine the vehicle for investments of the savings plan and its administration. (b) The commission shall consider and, if appropriate, give preference to proposals best meeting the following cri…

An award of a state guarantee on a declining balance basis under RSA 195-C:2 shall specify the percentage of the guarantee, and such guarantee shall be applicable in such percentage with respect to any amount of a bond, note or coupon comprising the authorized borrowing which the…

An area school shall be maintained and operated by the receiving district and its school board in accordance with all the general school laws applicable to schools of the grades which it includes, except only as otherwise provided in this chapter. The receiving district shall be …

I. The New Hampshire municipal bond bank established pursuant to RSA 35-A is hereby authorized and empowered to lend money to educational institutions through the purchase by the bank of educational institution bonds in fully marketable form. The bank, for the purposes authorized…

I. A qualified educational institution may, by a 2/3 vote of its board of trustees or other governing body, agree to form a loan corporation for the purpose of providing low cost financial assistance to qualified students enrolled at the institution or to their parents. The artic…

No college savings bonds shall be sold at a negotiated sale unless the underwriter or underwriters to which such bonds are sold: I. Are organized, incorporated or have their principal place of business in the state; or II. In the judgment of the state treasurer, have sufficient c…

Notwithstanding any other provision of law or any agreement between a receiving district and a sending district, the school board of a receiving district and the school board of a sending district may mutually agree upon a showing of hardship by pupils from a sending district to …

The articles of agreement of a loan corporation shall contain the following: I. The name of the loan corporation, which shall clearly identify the qualified educational institution or institutions involved and shall contain the words "Loan Corporation"; II. The object for which t…

In addition to those powers enumerated in RSA 35-A:6, the bank shall have the authority to purchase or hold educational institution bonds at such prices and in such manner as the bank shall deem advisable and to sell educational institution bonds acquired or held by it at such pr…

The cooperative school board elected at the organization meeting shall organize and take office at the close of such meeting and proceed to assume its responsibilities and duties with respect to the administration and planning of the new cooperative school district; provided, how…

Persons shall be eligible to participate in and benefit from the savings plan, regardless of state of residency.

The corporation has the following powers, together with all powers incidental thereto or necessary for the performance of those hereinafter stated: I. To have perpetual succession as a public body corporate and agency of the state and to adopt bylaws for the regulation of its aff…

I. Within 6 months of the issuance of regulations by the Internal Revenue Service and the federal Department of Treasury governing implementation of any savings account programs authorized pursuant to the federal Achieving a Better Life Experience Act of 2014 (ABLE), the state tr…

The state board shall cause to be held, at reasonable intervals, at the request of a school board or school boards of the receiving or sending district, or on its own motion, a joint board meeting of the school boards of all school districts in the authorized regional enrollment …

I. The corporation shall be exempt from the rules of any department, commission, board, bureau, or agency of the state except as provided in this chapter. II. The corporation shall be exempt from the provisions of RSA 541-A and may adopt rules in accordance with its own procedure…

Every 3 years following the effective date of this section, the cooperative school board for each cooperative school district shall: I. Review the bylaws, articles of agreement, and any other existing arrangements for the cooperative school district; and II. Publish in a newspape…

I. There is hereby established the ABLE administrative fund which shall be kept distinct and separate from all other funds. II. Administrative assessments received from the New Hampshire ABLE savings plan established under this chapter shall be credited to the ABLE administrative…

I. Each cooperative school district shall be a body corporate and politic with power to sue and be sued, to acquire, hold and dispose of real and personal property for the use of schools therein, and to make necessary contracts in relation thereto, and have and possess all the po…

The legal title to, and administration of, an area school building, land and equipment, shall be vested in the receiving district, but it shall hold such property in trust for the benefit of all the school districts in the authorized regional enrollment area, as their respective …

The corporation is authorized and empowered, directly or by and through a participating institution, as its agent to acquire by purchase, gift or devise, solely from funds provided under the authority of this chapter, such lands, structures, property, real or personal, rights, ri…

I. The bank may create and establish one or more educational institution reserve funds, hereafter referred to as "reserve funds", and shall pay into each such reserve fund any proceeds of sale of notes or bonds to the extent provided in the resolution or resolutions of the bank a…

When the principal of and interest on revenue bonds of the corporation issued to finance the construction and acquisition of a particular project or projects at a participating institution, including any revenue refunding bonds issued to refund and refinance such revenue bonds, h…

I. If a cooperative school district was organized prior to July 1, 1963, during the first 5 years after the formation of a cooperative school district each preexisting district shall pay its share of all capital outlay costs and operational costs in accordance with either one of …