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RSA 34:11-a · Discontinuing Fund
34:11-a Discontinuing Fund. – The authority granted by RSA 34:1 may be discontinued by the city council only after a public hearing. The public notice of such hearing shall include a statement distinctly stating the reasons for which such reserve is to be discontinued. If such fund is discontinued, the trustees of trust funds holding the account for such fund shall pay all the moneys in such fund if any, to the city treasury as applicable. Source. 1995, 137:2, eff. May 24, 1995.
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Source. 1995, 137:2, eff. May 24, 1995.
Source history
- 1995, 137:2, eff. May 24, 1995
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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