11:1 Custody and Administration. – All trust funds left to and accepted by the state shall be kept separate from any other funds and shall be administered by the board of trustees or other governing body having control of the activities to be benefited by the trust in accordance with the terms of the […]
11:2 Specific Funds. – The trust funds for the benefit of the New Hampshire state hospital created by Catherine Fiske and Jacob Kimball shall be administered by the board of trustees of the New Hampshire state hospital. The Teachers Institute Trust Fund for the benefit of education shall be administered by the board of […]
11:3 Repeal. – The provisions of any act relating to any of the trust funds for the benefit of the state hospital created by Catherine Fiske and by Jacob Kimball, and the Teachers Institute Trust Fund for the promotion of education, which are inconsistent with the provisions of this chapter are hereby repealed to […]
11:4 Accounts. – The agencies designated to administer the Catherine Fiske Legacy for the benefit of the state hospital, the Jacob Kimball Legacy for the benefit of the state hospital, and the Teachers Institute Trust Fund for the promotion of education shall keep appropriate bookkeeping records, showing on an annual basis the amount of […]
11:5 Investment of State Trust Funds. – All trust funds in the custody of the state treasurer shall be invested and reinvested in legal investments allowable under RSA 6:8. All trust fund administrators shall notify the state treasurer, at least biennially, upon notice of a new administrator, or at the request of the administrator, […]
11:5-a Rulemaking. – The state treasurer may adopt rules, pursuant to RSA 541-A, relative to: I. Notification by administrators of investment objective for trust funds in accordance with RSA 11:5. II. Specific investment instruments contained in each category under RSA 11:5, I-VI. III. Duties as custodian of trust funds. Source. 1987, 153:2. 1997, 208:6, […]
11:5-b Reporting. – I. The state treasurer shall report annually or more often as required by the trust fund administrators or the terms of the trust instrument to the administrator on the financial activities of the respective trust fund. II. The state treasurer shall keep appropriate bookkeeping records, showing on an annual basis the […]
11:6 Benjamin Thompson Trust Fund. – The state treasurer shall have custody of the Benjamin Thompson fund. The finance committee for investments established by RSA 187-A:17 shall manage the investments of the Benjamin Thompson trust fund. The committee is hereby authorized to sell securities in the fund and buy others which are legal investments […]
11:7 Trust Fund Disbursements. – I. All disbursements made by state agencies and departments for trust fund purposes shall follow the laws, rules, and regulations applicable to said agencies and departments for normal operating and capital purposes. II. This section shall not apply to the trust funds held by the university system of New […]