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RSA 31:95-h · Revolving Funds

Title
III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Chapter
31 · POWERS AND DUTIES OF TOWNS
Status
current
Official source linked
Yes
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31:95-h Revolving Funds. –

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I.

A town may, by vote of the legislative body, establish a revolving fund. Each revolving fund shall be limited to one of the following purposes:

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(a)

Facilitating, maintaining, or encouraging recycling as defined in RSA 149-M:4;

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(b)

Providing ambulance services, or fire services, or both;

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(c)

Providing public safety services by municipal employees or volunteers outside of the ordinary detail of such persons, including but not limited to public safety services in connection with special events, highway construction, and other construction projects, or for any other public safety purpose deemed appropriate by the municipality;

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(d)

Creating affordable housing and facilitating transactions relative thereto;

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(e)

Providing cable access for public, educational, or governmental use;

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(f)

Financing of energy conservation and efficiency and clean energy improvements by participating property owners in an energy efficiency and clean energy district established pursuant to RSA 53-F; or

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(g)

Facilitating transactions relative to municipal group net metering.

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II.

If a town establishes a revolving fund for any of the purposes listed in paragraph I, it may deposit into the fund all or any part of the revenues from fees, charges, or other income derived from the activities or services supported by the fund, and any other revenues approved by the legislative body for deposit into the fund. The money in the fund shall be allowed to accumulate from year to year, and shall not be considered part of the town's general surplus. The town treasurer shall have custody of all moneys in the fund, and shall pay out the same only upon order of the governing body, or other board or body designated by the local legislative body at the time the fund is created; provided, that no further approval of the legislative body, if different from the governing body, shall be required. Such funds may be expended only for the purposes for which the fund was created.

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III.

The legislative body may, at the time it establishes a revolving fund or at any time thereafter, place limitations on expenditures from the fund including, but not limited to, restrictions on the types of items or services that may be purchased from the fund, limitations on the amount of any single expenditure, and limitations on the total amount of expenditures to be made in a year. No amount may be expended from a revolving fund established hereunder for any item or service for which an appropriation has been specifically rejected by the legislative body during the same year.

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IV.

The provisions of this section shall not preclude the establishment of a revolving fund for any other purpose authorized by law. Source. 2005, 79:1, eff. Aug. 6, 2005. 2008, 68:1, eff. July 20, 2008; 391:1, eff. Sept. 15, 2008. 2010, 215:3, eff. Aug. 27, 2010. 2013, 9:1, eff. July 6, 2013. 2017, 95:1, eff. Aug. 7, 2017. 2018, 30:1, eff. July 14, 2018; 58:1, eff. July 24, 2018.

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Source note

Source. 2005, 79:1, eff. Aug. 6, 2005. 2008, 68:1, eff. July 20, 2008; 391:1, eff. Sept. 15, 2008. 2010, 215:3, eff. Aug. 27, 2010. 2013, 9:1, eff. July 6, 2013. 2017, 95:1, eff. Aug. 7, 2017. 2018, 30:1, eff. July 14, 2018; 58:1, eff. July 24, 2018.

Source history

  • 2005, 79:1, eff. Aug. 6, 2005
  • 2008, 68:1, eff. July 20, 2008; 391:1, eff. Sept. 15, 2008
  • 2010, 215:3, eff. Aug. 27, 2010
  • 2013, 9:1, eff. July 6, 2013
  • 2017, 95:1, eff. Aug. 7, 2017
  • 2018, 30:1, eff. July 14, 2018; 58:1, eff. July 24, 2018

Related materials

Bill relationships

  • 2026 HB1273 add

    rt the [coastal] flood resilience incentive zone purpose established in this section. VI. A municipality may create a nonlapsing FRIZ investment fund as a revolving fund under RSA 31:95-h to provide funding to support the FRIZ purposes established in this section. (a) The FRIZ investment fund shall be structured so that other sources of public and private funding intended to address risks from flooding

  • 2026 HB1359 amend

    icipal association, including the New Hampshire Municipal Association, shall comply with RSA 31:8-b. 5 New Section; Recorded Vote on Membership in Municipal Associations. Amend RSA 31 by inserting after section 8-a the following new section: 31:8-b Recorded Vote on Membership in Municipal Associations. I. No city, town, village district, or school district shall appropriate or expend public funds

  • 2026 HB1649 amend

    es in General Court convened: 1 New Section; Towns, Cities, Village Districts, and Unincorporated Places; Powers and Duties of Towns; Prohibition on Certain Donations. Amend RSA 31 by inserting after section 9-d the following new section: 31:9-e Prohibition on Certain Donations. I. No city, town, village district, or unincorporated place shall appropriate or expend any taxpayer funds, whet

  • 2026 HB1804 reference · effective 2028-01-01

    ting financial, human resource, information technology, and other managerial and administrative functions related to the operation of the participating agencies as provided for in RSA 31, RSA 37, and RSA 194-C:4 as well as city charters adopted under RSA 49-C and town charters adopted under RSA 49-D. 9 Public Officers and Employees; New Hampshire Retirement System; General Conditions for Participati

  • 2026 HB1804-FN reference · effective 2028-01-01

    ting financial, human resource, information technology, and other managerial and administrative functions related to the operation of the participating agencies as provided for in RSA 31, RSA 37, and RSA 194-C:4 as well as city charters adopted under RSA 49-C and town charters adopted under RSA 49-D. 9 Public Officers and Employees; New Hampshire Retirement System; General Conditions for Participati

  • 2026 SB590 amend

    CT relative to electric aggregation plans. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subparagraph; Revolving Funds. Amend RSA 31:95-h, I by inserting after subparagraph (g) the following new subparagraph: (h) Facilitating the provision of energy services pursuant to the approved electric aggregation plan under RSA 53-E, provided that no funds rais

  • 2026 SB590-FN amend

    CT relative to electric aggregation plans. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subparagraph; Revolving Funds. Amend RSA 31:95-h, I by inserting after subparagraph (g) the following new subparagraph: (h) Facilitating the provision of energy services pursuant to the approved electric aggregation plan under RSA 53-E, provided that no funds rais