CHAPTER 210
SB 453 - FINAL VERSION
2000 SESSION
04/09
SENATE BILL 453
AN ACT relative to the expending of legacies or gifts and the transfer of funds by the regional community-technical colleges.
This bill:
I. Allows the regional community-technical colleges to expend legacies and gifts without the approval of the governor and council.
II. Allows for the transfer of funds between line items within and among any budgetary unit in the regional community-technical colleges.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2799
04/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to the expending of legacies or gifts and the transfer of funds by the regional community-technical colleges.
Be it Enacted by the Senate and House of Representatives in General Court convened:
210:1 Regional Community-Technical Colleges; Duties; Power to Expend Legacies Inserted. Amend RSA 188-F:4-a, III to read as follows:
III. Accept and expend legacies and other gifts to, or for the benefit of, the community-technical college system, or any of its divisions, institutions, or units, without the approval of the governor and council, and to establish separate accounts, and to establish non-profit entities or foundations for the purposes of fund raising and development of assets in reserve.
210:2 Regional Community-Technical Colleges; Budgeting; Transfer of Funds Among Budgetary Units Inserted. Amend RSA 188-F:14, I to read as follows:
I. The department shall submit an operating budget based on program appropriation units or other budgetary units required by the general court. Each institution of the department and the commissioner's office shall be considered a separate budgetary unit. The department shall submit its budget in the same format and at the same time as other state agencies. However, the board of trustees is authorized to transfer funds between line items within and among any budgetary unit. By October 31 of each fiscal year, the department shall submit a report to the joint fiscal committee detailing all transfers made during the last fiscal year and the reasons for them. [Transfers of funds between budgetary units shall be made in accordance with procedures and restrictions applying to all other agencies.]
210:3 Effective Date. This act shall take effect 60 days after its passage.
(Approved: May 30, 2000)
(Effective Date: July 29, 2000)