New Hampshire Revised Statutes 34:3 – Payments Into Fund
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I. There may be paid into any such capital reserve fund such amounts as may from time to time be raised and appropriated therefor, from any source other than money given to the city for charitable purposes, within the limits as provided in N.H. Rev. Stat. § 34:4.
II. The city council may also by a favorable vote of
3/4 of its members, transfer to such fund after a public hearing with notice as provided in N.H. Rev. Stat. § 34:2, not more than
1/2 of its unencumbered surplus funds remaining on hand at the end of the fiscal year, within the limits as provided in N.H. Rev. Stat. § 34:4.
II. The city council may also by a favorable vote of
Terms Used In New Hampshire Revised Statutes 34:3
- 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.
3/4 of its members, transfer to such fund after a public hearing with notice as provided in N.H. Rev. Stat. § 34:2, not more than
1/2 of its unencumbered surplus funds remaining on hand at the end of the fiscal year, within the limits as provided in N.H. Rev. Stat. § 34:4.