HB1495
House · 2026 sessionRepublicanSigned into lawSchool borrowing against anticipated funds
AI-generatedAllows 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.
allowing a reimbursement anticipation note to be used as collateral in certain circumstances.Official record
Division of testimonyComputed by this site
6 submissionsAll 3 written submissions were individually written — no organized campaign detected.
Status
Signed into law · June 22, 2026- ✓Introduced
- ✓House
- ✓Senate
- ✓Governor
- ✓Law
The record · every submission as filed
6 submissions| Expand | |||||
|---|---|---|---|---|---|
Kathleen Malsbenden for Myself Newmarket 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. | Newmarket | Oppose | 215 | Jan 27, 2026 | |
Daniel Richardson for Myself Nashua 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. | Nashua | Oppose | 192 | Jan 27, 2026 | |
Hannah Meiselman for Myself Machester 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. | Machester | Support | 213 | Jan 27, 2026 | |
Eric Pauer for Myself Brookline Position recorded without written comment. | Brookline | Support | — | Jan 27, 2026 | |
Priscilla Dube for Myself Concord Position recorded without written comment. | Concord | Oppose | — | Jan 27, 2026 | |
Senator Daniel Innis for Myself Bradford Position recorded without written comment. | Bradford | Support | — | Jan 27, 2026 |