Section 35:8 – Limitations on Appropriations.
35:8 Limitations on Appropriations. – No town, school district, or village district shall raise and appropriate in any one year for such reserve an amount in excess of 1/2 of one percent of the last base valuation for debt limit computed pursuant to RSA 33:4-b of said town or district; no county shall raise […]
Section 35:9 – Investment.
35:9 Investment. – Each capital reserve fund shall be maintained separately on the books of the town. The assets of such funds may be pooled in order to invest in a broader range of investments to maximize growth and mitigate risk. Said capital reserve funds shall be invested only in deposits in any federally […]
Section 35:9-a – Professional Banking or Brokerage Assistance.
35:9-a Professional Banking or Brokerage Assistance. – I. Any trustee or trustees of trust funds having custody of capital reserve funds authorized by this chapter may contract with the trust department or departments of a bank, a brokerage firm, a portfolio management department, or investment advisor in the same manner and for the same […]
Section 35:1 – Establishment of Reserves Authorized.
35:1 Establishment of Reserves Authorized. – Any town, school district, village district, or county, as provided by RSA 35:3 may raise and appropriate money for the establishment of a capital reserve fund for the financing of all or part of the cost of: I. The construction, reconstruction or acquisition of a specific capital improvement, […]
Section 35:1-a – Reserve Fund in Anticipation of New Fiscal Year.
35:1-a Reserve Fund in Anticipation of New Fiscal Year. – Any county, city or town may establish a reserve fund in anticipation of the optional fiscal year pursuant to RSA 31:94-a through 94-d. Source. 1973, 96:1, eff. June 23, 1973.
Section 35:1-b – Reserve Fund for Education of Persons with Disabilities.
35:1-b Reserve Fund for Education of Persons with Disabilities. – Any school district may establish a reserve fund under RSA 35:1 to meet the expenses of educating children with disabilities. Source. 1983, 106:1. 1990, 140:2, III, X, eff. June 18, 1990. 2008, 274:31, eff. July 1, 2008.
Section 35:1-c – Non-Capital Reserve Funds Authorized.
35:1-c Non-Capital Reserve Funds Authorized. – Any town, school district, county, or village district may establish a reserve fund for the maintenance and operation of a specific public facility or type of facility, a specific item or type of equipment, or for any other distinctly-stated, specific public purpose that is not foreign to its […]
Section 35:2 – Custody of School District Reserves.
35:2 Custody of School District Reserves. – Whenever any capital reserve of a school district is established the same shall be held in custody by the trustees of trust funds of the town wherein the school district lies or, in case of school district embracing 2 or more towns, by the trustees of trust […]
Section 35:3 – Meetings.
35:3 Meetings. – Except as provided in RSA 35:7, the authority granted by RSA 35:1 shall be exercised only by a majority vote of the legal voters present and voting at an annual or special meeting in the case of a town, school district, or village district. The warrant for a town, school district, […]
Section 35:4 – Exception.
35:4 Exception. – The authority hereby granted shall not be exercised by any city, except as may be necessary in connection with the authority granted by RSA 35:7. Source. 1943, 160:3, eff. May 5, 1943.