This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.
RSA 34:1-a · Non-Capital Reserve Funds Authorized
34:1-a Non-Capital Reserve Funds Authorized. – Any city may establish a reserve fund for the maintenance and operation of a specific public facility or type of facility, a specific item or type of equipment, or for any other distinctly-stated, specific public purpose that is not foreign to its institution or incompatible with the objects of its organization. Such funds shall be subject to all provisions and limitations of this chapter as are applicable to capital reserve funds. The legal validity of such a fund properly established shall not be affected by its designation as a "trust," "reserve," "capital reserve," or any other designation. Source. 1995, 20:4, eff. June 11, 1995.
Copy linkSource note
Source. 1995, 20:4, eff. June 11, 1995.
Source history
- 1995, 20:4, eff. June 11, 1995
Related materials
Bill relationships
-
2026 HB1273
add
n or water control easements or establishing tax increment financing districts. [IV] V. Municipalities may create a nonlapsing [CRIZ] FRIZ fund as a capital reserve fund under RSA 34 or RSA 35, or a town-created trust fund under RSA 31:19-a, to provide funding for projected municipal costs associated with projected storm surge, sea-level rise, and extreme precipitation, and such funds may be used to