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1 Powers and Duties of Towns; Trust Funds. Amend RSA 31:19-a, I to read as follows:
I. A town may at any annual or special meeting grant and vote such sums of money as it deems necessary to create trust funds for the maintenance and operation of the town, for dedicated scholarship trust funds exclusively for town residents,; and any other public purpose that is not foreign to the town's institution or incompatible with the objects of its organization. The town may appoint agents to expend any funds in the trust for the purposes of the trust. An annual accounting and report of the activities of the trust shall be presented to the selectmen and published in the annual report.
2 Effective Date. This act shall take effect 60 days after its passage.
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1 Powers and Duties of Towns; Trust Funds. Amend RSA 31:19-a, I to read as follows:
I. A town may at any annual or special meeting grant and vote such sums of money as it deems necessary to create trust funds for the maintenance and operation of the town, for dedicated scholarship trust funds exclusively for town residents,; and any other public purpose that is not foreign to the town's institution or incompatible with the objects of its organization. The town may appoint agents to expend any funds in the trust for the purposes of the trust. An annual accounting and report of the activities of the trust shall be presented to the selectmen and published in the annual report.
2 Effective Date. This act shall take effect 60 days after its passage.