7july01...1411h

2001 SESSION

01-0942

04/09

SENATE BILL 54

COMMITTEE: Education

ANALYSIS

This bill authorizes the community-technical college system to accept funds held by state agencies or departments on behalf of the community-technical colleges and to transfer such funds to any foundation or other entity established by the regional community-technical college system.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

7july01...1411h

01-0942

04/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

Be it Enacted by the Senate and House of Representatives in General Court convened:

203:1 Regional Community-Technical College System; Transfer of Funds. 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. State agencies or departments in possession of privately donated funds on behalf of the regional community-technical college system shall transfer such funds to the community-technical college foundation.

203:2 Effective Date. This act shall take effect 60 days after its passage.

(Approved: July 11, 2001)

(Effective Date: September 9, 2001)