authorizing the state to issue bonds to fund public school expenses.

HB 1714 authorizes New Hampshire to issue up to $1.08 billion in bonds to support public school funding, with proceeds deposited into the state’s Education Trust Fund. The bill requires school districts to submit detailed financial data (including student enrollment and budgets) for public audit to establish statewide funding formulas, while ensuring bond amounts are limited to necessary school funding needs. It does not alter existing education funding formulas but creates a new mechanism for bond financing, with debt service payments projected at approximately $119 million annually starting in 2029 over a 20-year repayment period. The bill directly affects state financial operations and school districts through reporting obligations, but the fiscal note states it will not change current state expenditures to school districts.