New Hampshire HB1495: allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

What the bill says

An act allowing a reimbursement anticipation note to be used as collateral in certain circumstances. 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 ───────────────────────────────────────────────────────────────── 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 chaptered text, June 12, 2026:

AN ACT allowing a reimbursement anticipation note to be used as collateral in certain circumstances. 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 ───────────────────────────────────────────────────────────────── 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. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type. 26-2411 07/08 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT allowing a reimbursement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. 198:20-d Reimbursement Anticipation Notes. Notwithstanding any other provision of …

Read the full official text

Sponsors

• Roderick Ladd (R, 5) · primary sponsor
• (R, 3)