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, […]