making an appropriation for each full-time student eligible for the in-state tuition rate enrolled in the university system of New Hampshire.

SB 407 appropriates $300 per full-time, in-state eligible student enrolled in New Hampshire's university system starting in fiscal year 2027, to reduce in-state tuition costs. It applies to students who qualify for in-state tuition rates and requires annual calculation of eligible students on October 1. The total annual appropriation is capped at $5.4 million, with funds drawn from the General Fund and non-lapsing (carrying over if unused). This bill directly affects in-state undergraduate students at the University System of New Hampshire by providing state funding to lower their tuition expenses.