US Laws, Codes, Statutes & Cases

    I. The administrator of each fund, account, or trust listed in RSA 6:12, RSA 6:12-b, RSA 6:12-c, and RSA 6:12-d shall complete and file a biennial report with the state treasurer on or before January 15, 2004, and every other year thereafter. The treasurer shall forward the reports to the relevant legislative policy committees of the house and senate as indicated on said reports by the administrator of each fund, account, or trust. Each biennial report shall include, but not be limited to:
       (a) Activities the fund, account, or trust is required or intended to carry out, and an identification of all revenues available to said fund, account, or trust.
       (b) The amount of revenue deposited into the fund, account, or trust, and the amount expended from said fund, account, or trust during the prior 2 fiscal years.
       (c) The balance of the fund, account, or trust at the close of the prior 2 fiscal years.
    II. The administrator of each fund, account, or trust may file, in lieu of the biennial report, a current report that was prepared by the administrator for other purposes provided that the report contains the information required in paragraph I.
    III. The state treasurer shall provide written notice of the reporting requirements in paragraphs I and II of this section to any fund administrator who fails to file a report within 30 days of the report's due date. The treasurer may grant, pursuant to the notice, up to a 5-month grace period for the fund administrator to comply with the provisions of paragraphs I and II of this section, after which time, if the report has not been filed, any moneys in the dedicated fund, account, or trust shall lapse to the general fund, unless the funds are otherwise ineligible for deposit in the general fund. For purposes of this section, ineligible funds include, but are not limited to, all federal funds and money held by the state on behalf of another person or entity.

Source. 2002, 254:3, eff. July 1, 2002.