HB742 mandates that catastrophic special education state aid funding be sourced from the education trust fund.

HB742 amends RSA 186-C:18, III(a) to require that catastrophic special education state aid funding be drawn from the education trust fund. This funding is intended to assist school districts with special education costs exceeding 3.5 times the state average expenditure per pupil. The bill also specifies that if the education trust fund balance is insufficient, the state comptroller must transfer funds from the general fund to cover the deficit. The act takes effect 60 days after its passage.

HB742 mandates that catastrophic special education state aid funding be sourced from the education trust fund.

HB742 amends RSA 186-C:18, III(a) to require that catastrophic special education state aid funding be drawn from the education trust fund. This funding is intended to assist school districts with special education costs exceeding 3.5 times the state average expenditure per pupil. The bill also specifies that if the education trust fund balance is insufficient, the state comptroller must transfer funds from the general fund to cover the deficit. The act takes effect 60 days after its passage.