This bill amends existing laws regarding state funds by introducing new categories of dedicated funds, restructuring their placement, and repealing outdated references. Key insertions include the establishment of the New Hampshire armories or other national guard facilities fund, which will be managed by the Department of Military Affairs and Veterans Services. The bill also clarifies definitions related to custodial funds and accounts, ensuring that the state acts in a fiduciary capacity for these assets. Additionally, it updates the reporting requirements for dedicated funds, changing the deadline for annual reports from September to October 15.

The bill further modifies the titles and definitions of trust and agency funds, replacing the term "agency" with "permanent" and "endowment" in relevant sections. It introduces several new subparagraphs that outline specific funds and accounts, such as the land conservation investment program trust fund and the community conservation endowment. Furthermore, it repeals numerous outdated provisions related to various funds, streamlining the legal framework governing state funds. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 6:12, 6:12-c, 6:12-d, 6:12-f
As Amended by the House: 6:12, 6:12-c, 6:12-d, 6:12-f
As Amended by the Senate: 6:12, 6:12-c, 6:12-d, 6:12-f