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RSA 195-H:12 · Governor's Scholarship Program and Fund Established

Title
XV: EDUCATION
Chapter
195-H · COLLEGE TUITION SAVINGS PLAN
Status
current
Official source linked
Yes
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195-H:12 Governor's Scholarship Program and Fund Established. –

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I.

There is hereby established the governor's scholarship program and the governor's scholarship fund. The program and fund shall be administered by the commission. The fund shall be kept distinct and separate from all other funds and shall be used to provide scholarships which a recipient shall apply to the costs of an education at an eligible institution. The funds shall be distributed to an eligible institution based on the number of eligible students awarded a scholarship and upon receipt of a request for reimbursement for such scholarship funds accompanied by appropriate documentation.

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II.

The state treasurer shall credit to the fund any appropriation relating to the governor's scholarship fund made in each fiscal year to the commission. The state treasurer shall invest the fund in accordance with RSA 6:8. Any earnings shall be added to the fund.

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III.

All moneys in the fund shall be nonlapsing and continually appropriated to the commission for the purposes of this subdivision.

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IV.

The commission may institute promotional programs and solicit and receive cash gifts or other donations for the purpose of supporting educational scholarships from the fund. The commission shall not solicit or accept real property.

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V.

All gifts, grants, and donations of any kind shall be credited to the fund. Source. 2021, 91:163, eff. July 1, 2021.

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Source note

Source. 2021, 91:163, eff. July 1, 2021.

Source history

  • 2021, 91:163, eff. July 1, 2021

Related materials

Bill relationships

  • 2025 HB2 reference

    asury Department; Transfer of Funds. Notwithstanding any provision of RSA 195-H:12 to the contrary, the state treasury shall transfer any uncommitted moneys from the governor's scholarship fund, established in RSA 195-H:12, to the general fund on July 1, 2025. 141:194 New Paragraph; Use of Word "Child". Amend RSA 21-V:1 by inserting after paragraph III the following new paragraph: III-a. Any use of the word “child” within the de

  • 2025 HB2 reference

    separate from all other funds. [During the biennium ending June 30, 2027,] Annual assessments less any annual administrative costs received from the New Hampshire college tuition savings plan established under RSA 195-H[, and less $6,000,000 per year of gross proceeds from assessments collected, which shall be allocated to the general fund,] shall be credited to the trust fund to provide scholarships for the benefit of reside