New Hampshire Revised Statutes 151:24 – Patients’ Trust Fund
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I. A facility shall not accept personal funds and possessions from or on behalf of a patient for safekeeping and management, except when the facility receives written authorization from the patient or a personal representative.
II. Upon acceptance of personal funds and possessions, a facility shall do one of the following:
(a) Establish an account separate from the facility’s funds, to be used as a petty cash fund for the patient’s personal needs and deposit in such account on a monthly basis from the net income of the patient the amount specified in N.H. Rev. Stat. § 167:27-a; or
(b) Give a bond with the surety approved by the commissioner. The bond shall be in an amount equal to a minimum of 1
1/4 times the average balance of patient funds held during the previous year. The commissioner may require an additional bond or permit the filing of a bond in a lower amount if the commissioner determines that a change in the average balance has occurred or may occur.
III. A written receipt shall be given to a patient or a personal representative of the patient when personal funds and possessions are received by a facility. The facility shall furnish the patient or a personal representative of the patient with a quarterly statement of the funds and possessions; except that the New Hampshire hospital shall furnish a quarterly statement only upon request made by the patient or the personal representative of the patient. The statement shall contain the items and amounts received, the sources, the disposition, and the date of each transaction. Upon the discharge of a patient, the facility shall furnish the patient or a personal representative with a final statement and return all personal funds and possessions not later than 10 days after discharge. Upon the death of a patient, the facility shall furnish the executor, administrator, or voluntary administrator, upon proof of appointment, all personal funds and possessions of the deceased patient.
II. Upon acceptance of personal funds and possessions, a facility shall do one of the following:
Terms Used In New Hampshire Revised Statutes 151:24
- Executor: A male person named in a will to carry out the decedent
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
(a) Establish an account separate from the facility’s funds, to be used as a petty cash fund for the patient’s personal needs and deposit in such account on a monthly basis from the net income of the patient the amount specified in N.H. Rev. Stat. § 167:27-a; or
(b) Give a bond with the surety approved by the commissioner. The bond shall be in an amount equal to a minimum of 1
1/4 times the average balance of patient funds held during the previous year. The commissioner may require an additional bond or permit the filing of a bond in a lower amount if the commissioner determines that a change in the average balance has occurred or may occur.
III. A written receipt shall be given to a patient or a personal representative of the patient when personal funds and possessions are received by a facility. The facility shall furnish the patient or a personal representative of the patient with a quarterly statement of the funds and possessions; except that the New Hampshire hospital shall furnish a quarterly statement only upon request made by the patient or the personal representative of the patient. The statement shall contain the items and amounts received, the sources, the disposition, and the date of each transaction. Upon the discharge of a patient, the facility shall furnish the patient or a personal representative with a final statement and return all personal funds and possessions not later than 10 days after discharge. Upon the death of a patient, the facility shall furnish the executor, administrator, or voluntary administrator, upon proof of appointment, all personal funds and possessions of the deceased patient.