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HB 1495 · 2026 · House · Education Funding Committee

School borrowing against anticipated funds

AI-generated

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

Allows school districts to borrow funds via a reimbursement anticipation note and categorize them as revenue, provided the funds are used only for the purpose for which they were anticipated.AI-generated

Status

Signed into law · June 22, 2026
  1. ✓Introduced
  2. ✓House
  3. ✓Senate
  4. ✓Governor
  5. ✓Law

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.

From the bill's official ANALYSIS section.

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Rick LaddRPrimeChair· Education Funding
  • Rep. Walter SpilsburyRVice Chair· Education Funding
  • Rep. Hope DamonDDeputy Ranking Member· Education Funding
  • Sen. Daniel InnisRVice Chair· Education Finance
  • Sen. Victoria SullivanRVice Chair· Education

Also: Rep. Daniel Popovici-MullerR, Rep. Raymond PeeplesR

Public testimony

6 signed in online · 3 wrote testimony

50% support50% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“Providing districts with short-term financial flexibility can help maintain continuity of educational services, but safeguards are needed to prevent long-term fiscal instability or inequitable impacts on students.”
— Hannah Meiselman, Machestersupports
“Bond Anticipation Notes (BAN) are OK for collateral. Revenue or Reimbursement Anticipation Notes (RAN) run risk of default. Believe it or not, some entities don't pay up, including government.”
— Daniel Richardson, Nashuaopposes
“OPPOSE HB 1495 because it encourages borrowing against expected reimbursements instead of ensuring timely, adequate special education funding from the state, shifting financial risk to local districts and taxpayers.”
— Kathleen Malsbenden, Newmarketopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Hearings

  • 2026-01-279:30 amHouse Education FundingGP 234Public hearingrescheduled
  • 2026-02-1710:00 amHouse Education FundingGP 232Public hearing
  • 2026-04-011:00 pmSenate Education FinanceSH 100Public hearing

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Education Funding HJ 1 P. 22
  2. Jan 27, 2026House==ROOM CHANGE== Public Hearing: 01/27/2026 10:00 am GP 234
  3. Feb 17, 2026HouseExecutive Session: 02/17/2026 10:00 am GP 232
  4. Feb 17, 2026HouseMajority Committee Report: Ought to Pass 02/17/2026 (Vote 10-8; RC) HC 9 P. 34
  5. Feb 20, 2026HouseMinority Committee Report: Inexpedient to Legislate
  6. Mar 5, 2026HouseOught to Pass: MA RC 185-162 03/05/2026 HJ 6 P. 53
  7. Mar 5, 2026SenIntroduced 03/05/2026 and Referred to Education Finance; SJ 6
  8. Mar 18, 2026Sen==CANCELLED== Hearing: 03/18/2026, Room 100, SH, 01:00 pm; SC 10
  9. Apr 1, 2026SenHearing: 04/01/2026, Room 100, SH, 01:10 pm; SC 12
  10. Apr 23, 2026Sen: Ought to Pass, 04/23/2026; Vote 4-0; CC; SC 15
  11. Apr 23, 2026SenOught to Pass: MA, VV; OT3rdg; 04/23/2026; SJ 10
  12. May 21, 2026SenEnrolled Adopted, VV, (In recess 05/21/2026); SJ 14
  13. May 21, 2026HouseEnrolled (in recess of) 05/21/2026 HJ 14 P. 34
  14. Jun 12, 2026HouseSigned by Governor Ayotte 06/12/2026; Chapter 133; eff. 06/12/2026

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.