N.H. Rev. Stat. § 6:39
This is the official text of N.H. Rev. Stat. § 6:39, part of New Hampshire’s Rev. Stat — part of the compiled statutory law of New Hampshire, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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6:39 Administration.
Official statutory text
I. The trust fund shall be administered by the New Hampshire college tuition savings plan advisory commission established in RSA 195-H:2. II. The commission shall have the authority to institute promotional programs and to solicit and receive gifts or donations of any kind for the purpose of supporting educational scholarships within the trust fund. Notwithstanding any provision of law to the contrary, the commission may accept gifts to the trust fund including, but not limited to, cash gifts and real or personal property, without the approval of the governor and council. III. All gifts, grants, and donations of any kind shall be credited to the trust fund. IV. The commission may enter into agreements with existing departments or agencies, as it deems necessary, to administer the scholarship application, qualification, and award process. V. No more than one percent of the total amount of scholarships awarded from the trust fund in any fiscal year shall be used for administrative expenses, except upon approval of the commission.
Status: in_force · Read it on the official government site
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