New Hampshire Revised Statutes 227-B:9 – Mount Washington Fund
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Terms Used In New Hampshire Revised Statutes 227-B:9
- Commission: shall mean the Mount Washington Commission;
II. See New Hampshire Revised Statutes 227-B:2 - state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
- Summit: shall mean the Mount Washington summit property owned by the state. See New Hampshire Revised Statutes 227-B:2
There is hereby established in the office of the state treasurer a fund to be known as the Mount Washington fund which shall be kept separate and distinct from all other funds. Such fund shall be the depository of all fees received from the commission pursuant to N.H. Rev. Stat. § 227-B:6, III and all gifts, grants or donations made to the commission pursuant to N.H. Rev. Stat. § 227-B:8. From such fund shall be paid the expenses of the commission plus the principal and interest on any bonds which may be issued in the name of the state for the purpose of capital improvements to the summit. Any monies in such fund shall not lapse into the general fund of the state until the fund balance equals the total bonds, interest and charges outstanding.