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HB1495 • 2026

allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Rick Ladd (R), Raymond Peeples (R), Daniel Innis (R), Walter Spilsbury (R), Hope Damon (D), Victoria Sullivan (R), Daniel Popovici-Muller (R)
Last action
2026-06-22
Official status
SIGNED BY GOVERNOR
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

What This Bill Does

  • allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-22 H

    Signed by Governor Ayotte 06/12/2026; Chapter 133; eff. 06/12/2026

  2. 2026-06-08 S

    Enrolled Adopted, VV, (In recess 05/21/2026); SJ 14

  3. 2026-05-28 H

    Enrolled (in recess of) 05/21/2026 HJ 14

  4. 2026-04-17 S

    Ought to Pass : MA, VV; OT3rdg; 04/23/2026; SJ 10

  5. 2026-04-14 S

    Committee Report: Ought to Pass, 04/23/2026; Vote 4-0; CC; SC 15

  6. 2026-03-26 S

    Hearing: 04/01/2026, Room 100, SH, 01:10 pm; SC 12

  7. 2026-03-12 S

    ==CANCELLED== Hearing: 03/18/2026, Room 100, SH, 01:00 pm; SC 10

  8. 2026-03-06 S

    Introduced 03/05/2026 and Referred to Education Finance; SJ 6

  9. 2026-03-05 H

    Ought to Pass : MA RC 185-162 03/05/2026 HJ 6 P. 53

  10. 2026-02-20 H

    Majority Committee Report: Ought to Pass 02/17/2026 (Vote 10-8; RC) HC 9 P. 34

  11. 2026-02-20 H

    Minority Committee Report: Inexpedient to Legislate

  12. 2026-02-11 H

    Executive Session: 02/17/2026 10:00 am GP 232

  13. 2026-01-13 H

    ==ROOM CHANGE== Public Hearing: 01/27/2026 10:00 am GP 234

  14. 2025-12-10 H

    Introduced 01/07/2026 and referred to Education Funding HJ 1 P. 22

Official Summary Text

allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

Current Bill Text

Read the full stored bill text 
CHAPTER 133
HB 1495 - FINAL VERSION

2026 SESSION
26-2411
07/08

HOUSE BILL
1495

AN ACT
allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

SPONSORS: Rep. Ladd, Graf. 5; Rep. Spilsbury, Sull. 3; Rep. Popovici-Muller, Rock. 17; Rep. Peeples, Hills. 14; Rep. Damon, Sull. 8; Sen. Innis, Dist 7; Sen. Sullivan, Dist 18

COMMITTEE: Education Funding

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ANALYSIS

This bill allows school districts to borrow and categorize funds as revenue, so long as they are only used for the same purpose as anticipated funds.

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Explanation: Matter added to current law appears in
bold italics.
Matter removed from current law appears [
in brackets and struckthrough.
]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-2411
07/08

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT
allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

Be it Enacted by the Senate and House of Representatives in General Court convened:

133:1 Education; School Money; Reimbursement Anticipation Notes. Amend RSA 198:20-d to read as follows:
198:20-d Reimbursement Anticipation Notes. Notwithstanding any other provision of law to the contrary, a school district or a city with a dependent school district may incur debt in anticipation of reimbursement under RSA 186-C:18 and under RSA 198:42. The governing body, after notice and public hearing, may elect to borrow such funds and to recognize the proceeds of the borrowing as revenue for property tax rate setting purposes by providing written notification to the commissioner of the department of revenue administration stating the specific amount of borrowing to be recognized as revenue.
Note proceeds shall only be used for the same purpose as the anticipated funds
. Any borrowing under this section shall be exempt from the provisions of RSA 33, relative to debt limits.

133:2 Effective Date. This act shall take effect upon its passage.

Approved: June 12, 2026
Effective Date: June 12, 2026