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2017 New Hampshire Revised Statutes
Title XV - EDUCATION
Chapter 195-J - NEW HAMPSHIRE CHILDREN'S SAVINGS ACCOUNT PROGRAM
Section 195-J:2 - Commission Established.
Universal Citation: NH Rev Stat § 195-J:2 (2017)
195-J:2 Commission Established. –
I. The children's savings account program commission is hereby established to ensure the proper administration, management, and development of the children's savings account program. The members of the commission shall be as follows:
(a) Two members from the house of representatives, appointed by the speaker of the house of representatives.
(b) One member from the senate, appointed by the president of the senate.
(c) The state treasurer, or designee.
(d) The director of the division of higher education, department of education, or designee.
(e) The chairperson of the university system of New Hampshire board of trustees, or designee.
(f) The director of the New Hampshire financial literacy education program, or designee.
(g) One member from a community philanthropic organization, appointed by the governor.
(h) One member representing the interests of the New Hampshire children's trust fund, appointed by the governor.
(i) One member from the New Hampshire Higher Education Assistance Foundation, appointed by the foundation.
(j) One member from the Coos Coalition for Young Children and Families, appointed by that organization.
(k) One member representing the Federal Reserve Bank of Boston, appointed by the bank.
(l) One member representing the New Hampshire Community Loan Fund, appointed by that organization.
II. The commission shall elect a chairperson from its membership, and any other officers it deems necessary. The terms of the elected members of the commission shall be coterminous with their terms in office; the terms of all other appointed members shall be 3 years. In the event of a vacancy, a new member shall be appointed for the unexpired term in the same manner as the original appointment. Eight members of the commission shall constitute a quorum.
III. Members of the commission shall serve without compensation, but shall be reimbursed for necessary travel and other necessary expenses. Legislative members shall receive mileage at the legislative rate when attending to the duties of the commission.
IV. The department of education shall provide administrative and clerical support to the commission as may be necessary.
V. The commission shall keep written records of all its proceedings.
VI. No member of the commission shall have any personal interest in the gains or profits of any investment made by the commission; nor shall any member of the commission, directly or indirectly, for such member or as an agent, in any manner use the same except to make such current and necessary payments as are authorized by the commission; nor shall any member of the commission become an endorser or surety, or in any manner an obligor, for money loaned to or borrowed from the commission.
VII. Members of the commission shall be held harmless from either criminal or civil liability for any decisions made or services rendered under the provisions of this chapter.
I. The children's savings account program commission is hereby established to ensure the proper administration, management, and development of the children's savings account program. The members of the commission shall be as follows:
(a) Two members from the house of representatives, appointed by the speaker of the house of representatives.
(b) One member from the senate, appointed by the president of the senate.
(c) The state treasurer, or designee.
(d) The director of the division of higher education, department of education, or designee.
(e) The chairperson of the university system of New Hampshire board of trustees, or designee.
(f) The director of the New Hampshire financial literacy education program, or designee.
(g) One member from a community philanthropic organization, appointed by the governor.
(h) One member representing the interests of the New Hampshire children's trust fund, appointed by the governor.
(i) One member from the New Hampshire Higher Education Assistance Foundation, appointed by the foundation.
(j) One member from the Coos Coalition for Young Children and Families, appointed by that organization.
(k) One member representing the Federal Reserve Bank of Boston, appointed by the bank.
(l) One member representing the New Hampshire Community Loan Fund, appointed by that organization.
II. The commission shall elect a chairperson from its membership, and any other officers it deems necessary. The terms of the elected members of the commission shall be coterminous with their terms in office; the terms of all other appointed members shall be 3 years. In the event of a vacancy, a new member shall be appointed for the unexpired term in the same manner as the original appointment. Eight members of the commission shall constitute a quorum.
III. Members of the commission shall serve without compensation, but shall be reimbursed for necessary travel and other necessary expenses. Legislative members shall receive mileage at the legislative rate when attending to the duties of the commission.
IV. The department of education shall provide administrative and clerical support to the commission as may be necessary.
V. The commission shall keep written records of all its proceedings.
VI. No member of the commission shall have any personal interest in the gains or profits of any investment made by the commission; nor shall any member of the commission, directly or indirectly, for such member or as an agent, in any manner use the same except to make such current and necessary payments as are authorized by the commission; nor shall any member of the commission become an endorser or surety, or in any manner an obligor, for money loaned to or borrowed from the commission.
VII. Members of the commission shall be held harmless from either criminal or civil liability for any decisions made or services rendered under the provisions of this chapter.
Source. 2015, 271:2, eff. July 1, 2015.
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