New Hampshire Revised Statutes 227-M:7-a – Administrative Fund
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I. There is established in the office of the New Hampshire land and community heritage investment authority a fund to be known as the land and community heritage investment program administrative fund into which the commissioner of safety shall credit any revenue generated pursuant to N.H. Rev. Stat. § 261:97-b, I-a. There shall also be deposited, on a monthly basis, interest income generated on appropriations made to the land and community heritage investment program trust fund pursuant to N.H. Rev. Stat. § 227-M:7. The total revenues generated to the administrative fund from these 2 sources shall not exceed $335,000 for each fiscal year. Any revenue generated from these 2 sources in excess of the $335,000 maximum per year shall be credited by the New Hampshire land and community heritage investment authority to the land and community heritage investment program trust fund in N.H. Rev. Stat. § 227-M:7. The authority shall include in its annual report the amount of revenues exceeding the maximum which are credited to the trust fund.
II. All sums so credited shall be appropriated to the authority for the following purposes:
(a) To pay the costs of administering and operating the authority, including, but not limited to, all wages, salaries, benefits, and other expenses authorized by the board or the executive director. The authority may enter into a contract or agreement for provision of services to withhold on a monthly basis all payroll and benefit costs for employees.
(b) In general for the payment of all expenses incident to the management and operation of the authority as are consistent with its statutory purpose and as the board or the executive director thereof may from time to time determine.
III. This fund shall constitute a continuing appropriation for the benefit of the authority. Any amount remaining to the credit of the authority at the close of any fiscal year, and any interest accrued, shall be nonlapsing and shall be carried over and credited to the fund for the succeeding year.
II. All sums so credited shall be appropriated to the authority for the following purposes:
Terms Used In New Hampshire Revised Statutes 227-M:7-a
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Commissioner: means the commissioner of the department of natural and cultural resources. See New Hampshire Revised Statutes 227-G:2
- Contract: A legal written agreement that becomes binding when signed.
- Director: means the director of the division of forests and lands, department of natural and cultural resources, also known as the state forester. See New Hampshire Revised Statutes 227-G:2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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) To pay the costs of administering and operating the authority, including, but not limited to, all wages, salaries, benefits, and other expenses authorized by the board or the executive director. The authority may enter into a contract or agreement for provision of services to withhold on a monthly basis all payroll and benefit costs for employees.
(b) In general for the payment of all expenses incident to the management and operation of the authority as are consistent with its statutory purpose and as the board or the executive director thereof may from time to time determine.
III. This fund shall constitute a continuing appropriation for the benefit of the authority. Any amount remaining to the credit of the authority at the close of any fiscal year, and any interest accrued, shall be nonlapsing and shall be carried over and credited to the fund for the succeeding year.