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2019 New Hampshire Revised Statutes
Title I - The State and Its Government
Chapter 12-O - Department of Business and Economic Affairs
Section 12-O:29 - Division of Economic Development Fund.
Universal Citation: NH Rev Stat § 12-O:29 (2019)
12-O:29 Division of Economic Development Fund. –
There is hereby established in the office of the state treasurer a fund to be known as the division of economic development fund. The commissioner of business and economic affairs is authorized to accept public sector and private sector grants, gifts, or donations of any kind for the purpose of funding initiatives associated with the activities set forth in RSA 12-O:20. Such grants, gifts, and donations shall be deposited in the division of economic development fund and may only be expended by the commissioner of business and economic affairs to accomplish the purposes of this section. Other than acknowledgment for promotional purposes, donations shall not be used as fees for services in a manner that primarily benefits the party providing the funds. The state treasurer may invest moneys in the fund as provided by law, with interest received on such investment credited to the fund. The moneys in this fund shall be nonlapsing.
Source. 2017, 156:40, eff. July 1, 2017.
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