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HB 292 · 2026 · House · Education Policy and Administration Committee

Revolving loan fund for schools

AI-generated

(New Title) establishing a revolving loan fund for school districts.

Establishes a revolving loan fund for school districts.AI-generated

Status

Recommended for passage but never voted; died at adjournment · January 7, 2026
  1. ✓Introduced
  2. ✓House
  3. ✕Senate
  4. Governor
  5. Law

Analysis

This bill establishes a revolving loan fund for school districts.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as amended by the Senate. Passages chosen from the operative text.Computed by this site

“There is hereby established in the department of treasury a fund to be known as the school district adequacy revolving loan fund, which shall be kept separate and distinct from all other funds.”
RSA 194:63
“At no time shall the total outstanding amount of loans made under this subdivision exceed 75 percent of total adequacy funding to be distributed to school districts, pursuant to RSA 198:41, in any given year.”
RSA 194:64
“Notwithstanding any other provision of law to the contrary, the school district adequacy revolving loan fund shall be considered an allowable use of the education trust fund pursuant to RSA 198:39.”
RSA 194:65
“Loans issued from the school district adequacy revolving loan fund shall bear interest at a rate established by the state treasurer, which shall be based on the state’s current cost of borrowing.”
RSA 194:66

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Rick LaddRPrimeChair· Education Funding

Public testimony

No one submitted online testimony on this bill. See the record

Votes

yeanay
Starting text: Bill as introduced
  • Mar 17, 2025HouseCommittee report· regular calendar: Ought to Pass with Amendment # 2025-1030h10–8
    Overall
    56% yea
  • Mar 26, 2025HouseDivisionAmendment 2025-1030hAdopted187–155
    Overall
    55% yea
  • Mar 26, 2025HouseDivisionOught to Pass with Amendment 2025-1030hAdopted194–148
    Overall
    57% yea
    Resulting text: Bill as amended by the House
  • May 15, 2025SenateCommittee report: Rereferred to Committee5–0
    Overall
    100% yea
  • May 15, 2025SenateVoice voteRereferred to Committeeadopted
  • Jan 7, 2026SenateCommittee reportCommittee report: Ought to Pass with Amendment # 2025-3101s3–2
    Overall
    60% yea
  • Jan 7, 2026SenateVoice voteCommittee amendment 2025-3101sadopted
  • Jan 7, 2026SenateVoice voteSen. Prentiss Floor Amendment # 2026-0052sfailed
  • Jan 7, 2026SenateVoice voteSen. Prentiss Floor Amendment # 2026-0053sfailed
  • Jan 7, 2026SenateRoll callSen. Altschiller Floor Amendment # 2026-0050sFailed7–17How they voted
    Overall
    29% yea
    Party-line vote
    Republicans
    0–160% yea
    Democrats
    7–188% yea
  • Jan 7, 2026SenateVoice voteSen. Watters Moved to Reconsider the vote on: Amendment #2026-0050sadopted
  • Jan 7, 2026SenateRoll callSen. Altschiller Floor Amendment # 2026-0050sFailed8–16How they voted
    Overall
    33% yea
    Party-line vote
    Republicans
    0–160% yea
    Democrats
    8–0100% yea
  • Jan 7, 2026SenateRoll callOught to Pass with Amendment #2025-3101sAdopted16–8How they voted
    Overall
    67% yea
    Party-line vote
    Republicans
    16–0100% yea
    Democrats
    0–80% yea
    Resulting text: Bill as amended by the Senate
  • May 7, 2026HouseVoice voteHouse Non-Concurs with Senate Amendment 2026-3101s (Rep. Noble)adopted

Hearings and debates

  • Jan 23, 2025Public hearingHouse Education Policy and Administration3:35:06–3:37:392m 33slocated in the stream transcriptPublic Hearing
  • Mar 17, 2025Public hearingHouse Education Policy and Administration26:19–26:4526slocated in the stream transcriptMajority Committee Report: Ought to Pass with Amendment # 2025-1030h — roll call; Executive Session
  • Mar 26, 2025Floor debateHouse floor7:30:00–7:36:136m 13slocated in the stream transcriptOught to Pass with Amendment 2025-1030h — adopted, division 194-148; Amendment # 2025-1030h — adopted, division 187-155
  • Apr 15, 2025Public hearingSenate Education58:36–1:01:022m 26slocated in the stream transcriptHearing
  • May 15, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Rereferred to Committee; Rereferred to Committee — adopted, voice vote
  • Oct 14, 2025Public hearingSenate Education1:26:25–1:33:377m 12slocated in the stream transcriptJoint Hearing with the House Education Funding Committee
  • Jan 7, 2026Floor debateSenate floor1:01:56–1:04:302m 34slocated in the stream transcriptCommittee Report: Ought to Pass with Amendment # 2025-3101s; Sen. Perkins Kwoka Moved to divide the Question on the motion of Ought to Pass with Amendment; Section 4 and the effective date; the remainder of the bill; Ought to Pass with Amendment #2025-3101s — adopted, roll call 16-8
  • May 7, 2026Floor debateHouse floor13:31–14:531m 22slocated in the stream transcriptHouse Non-Concurs with Senate Amendment 2026-3101s (Rep. Noble) — adopted, voice vote

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 8, 2025HouseIntroduced 01/08/2025 and referred to Education Policy and Administration HJ 2 P. 13
  2. Jan 23, 2025HousePublic Hearing: 01/23/2025 01:30 pm LOB 205-207
  3. Mar 17, 2025HouseExecutive Session: 03/17/2025 09:30 am LOB 205-207
  4. Mar 17, 2025HouseMajority : Ought to Pass with Amendment # 2025-1030h 03/17/2025 (Vote 10-8; RC) HC 17 P. 49
  5. Mar 19, 2025HouseMinority : Inexpedient to Legislate
  6. Mar 26, 2025HouseAmendment # 2025-1030h: AA DV 187-155 03/26/2025 HJ 10 P. 118
  7. Mar 26, 2025HouseOught to Pass with Amendment 2025-1030h: MA DV 194-148 03/26/2025 HJ 10 P. 119
  8. Mar 27, 2025SenIntroduced 03/27/2025 and Referred to Education; SJ 10
  9. Apr 15, 2025SenHearing: 04/15/2025, Room 101, LOB, 10:00 am; SC 17
  10. May 15, 2025Sen: Rereferred to Committee, 05/15/2025; Vote 5-0; CC; SC 21A
  11. May 15, 2025SenRereferred to Committee, MA, VV; 05/15/2025; SJ 13
  12. Oct 14, 2025SenJoint Hearing with the House Education Funding Committee: 10/14/2025, Room 232, GP, 01:00 pm, on proposed nongermane amendment # 2025-2978s; SC 37
  13. Oct 14, 2025HousePublic Hearing on non-germane Amendment # 2025-2978s: 10/14/2025 01:00 pm GP 232
  14. Jan 7, 2026Sen: Ought to Pass with Amendment # 2025-3101s, 01/07/2026, Vote 3-2; SC 46
  15. Jan 7, 2026SenCommittee Amendment # 2025-3101s, AA, VV; 01/07/2026; SJ 1
  16. Jan 7, 2026SenSen. Prentiss Floor Amendment # 2026-0052s, AF, VV; 01/07/2026; SJ 1
  17. Jan 7, 2026SenSen. Prentiss Floor Amendment # 2026-0053s, AF, VV; 01/07/2026; SJ 1
  18. Jan 7, 2026SenSen. Altschiller Floor Amendment # 2026-0050s, RC 7Y-17N, AF; 01/07/2026; SJ 1
  19. Jan 7, 2026SenSen. Watters Moved to Reconsider the vote on: Amendment #2026-0050s, MA, VV; 01/07/2026; SJ 1
  20. Jan 7, 2026SenSen. Altschiller Floor Amendment # 2026-0050s, RC 8Y-16N, AF; 01/07/2026; SJ 1
  21. Jan 7, 2026SenSen. Perkins Kwoka Moved to divide the Question on the motion of Ought to Pass with Amendment; Section 4 and the effective date; the remainder of the bill; 01/07/2026; SJ 1
  22. Jan 7, 2026SenThe Chair ruled the Question Non-Divisible; 01/07/2026; SJ 1
  23. Jan 7, 2026SenOught to Pass with Amendment #2025-3101s, RC 16Y-8N, MA; OT3rdg; 01/07/2026; SJ 1
  24. May 7, 2026HouseHouse Non-Concurs with Senate Amendment 2026-3101s (Rep. Noble): MA VV 05/07/2026 HJ 12 P. 2

Coverage

No reporting linked yet.

Documents (PDF)

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