New Hampshire Statutes

§ 195:7 — Costs of Capital Outlay and Operation

New Hampshire·Title XV EDUCATION·Ch. 195 COOPERATIVE SCHOOL DISTRICTS

I. If a cooperative school district was organized prior to July 1, 1963, during the first 5 years after the formation of a cooperative school district each preexisting district shall pay its share of all capital outlay costs and operational costs in accordance with either one of the following formulas as determined by a majority vote of the cooperative district meeting:

(a)All such costs shall be apportioned on the basis of the ratio that the equalized valuation of each preexisting district bears to that of the cooperative district; or
(b)One-half of all such costs shall be apportioned on the basis of the ratio that the equalized valuation of each preexisting district bears to that of the cooperative district and 1/2 shall be apportioned on the average daily membership for the preceding

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Legislative History

1951, 213:1, par. 7. RSA 195:7. 1955, 334:9. 1959, 195:1. 1961, 206:4. 1996, 158:5; 222:15. 1999, 17:37, eff. April 29, 1999; 281:5, eff. July 16, 1999.

Nearby Sections

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