This bill amends existing laws regarding state funds by defining new categories of dedicated funds, restructuring their placement, and repealing outdated references. It introduces the New Hampshire armories or other national guard facilities fund within the Department of Military Affairs and Veterans Services, which will be used to supplement general funds for managing and operating related facilities. The bill also clarifies the definitions of custodial and escrow accounts, and it establishes new reporting requirements for dedicated funds, including a change in the deadline for annual reports from September to October 15.

Additionally, the bill includes several insertions and deletions to streamline the management of dedicated funds. Notably, it adds new subparagraphs to the definitions of trust and custodial funds, while repealing outdated provisions that are no longer relevant. The amendments aim to enhance the clarity and efficiency of fund management, ensuring that all dedicated funds are accurately accounted for and reported. The act will take effect 60 days after its passage, on September 13, 2025.

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
Version adopted by both bodies: 6:12, 6:12-c, 6:12-d, 6:12-f
CHAPTERED FINAL VERSION: 6:12, 6:12-c, 6:12-d, 6:12-f