This bill aims to modernize and clarify the management of state funds by defining new categories of dedicated funds, restructuring their placement within existing law, and repealing outdated references. Key insertions include the establishment of specific dedicated funds such as the water resources project accounts, the drinking water groundwater trust fund, and various trust funds related to land conservation and education. Additionally, the bill introduces new definitions for custodial funds, emphasizing the fiduciary responsibilities of the state as a custodian of these assets.

The bill also includes several deletions of outdated legal references to streamline the law and improve clarity. For instance, it removes specific subparagraphs that previously detailed certain funds and accounts, thereby consolidating the language and making it more accessible. Furthermore, it modifies reporting requirements by changing the deadline for annual reports from September to October, ensuring timely compilation and distribution of information regarding dedicated funds. Overall, the bill reflects a comprehensive effort to enhance the management and oversight of state funds in New Hampshire.

Statutes affected:
Introduced: 6:12, 6:12-c, 6:12-d, 6:12-f