- (a) Projects intended to improve air quality or energy efficiency shall be eligible to receive school building aid in accordance with RSA 198:15-b, II(e) and shall not be subject to the requirements of Ed 321.05 or Ed 321.30(a).
- (b) Air quality or energy efficiency projects may be financed through a lease-purchase agreement with a vendor.
(c) A copy of the lease-purchase agreement shall be submitted to the department with the notice of completion information in Ed 321.28, and the agreement shall clearly indicate:
- (1) The costs of labor and equipment separate from rental costs;
- (2) Utility costs;
- (3) Maintenance service costs; and
- (4) Interest or any other charges that are not eligible for school building aid per Ed 321.32(c).
- (d) All grant amounts awarded for lease-purchase agreements shall be returned to the state if such equipment is removed from the school building by the vendor due to the school district's or charter school’s failure to comply with the terms of the lease-purchase agreement per RSA 198:15-b, II(e).
- (e) Lease-purchase agreements shall be subject to the requirements of RSA 33:7-e.
Source. #8265, eff 1-22-05; ss by #10363, eff 6-15-13; ss by #13054, eff 6-12-20; ss by #14023, eff 7-12-24 (formerly Ed 321.29); ss by #14215, eff 3-14-25