RSA 6-D Drinking Water and Groundwater Trust Fund
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6-D:1 Drinking Water and Groundwater Trust Fund Established.
There is hereby established in the office of the treasurer the drinking water and groundwater trust fund which shall be kept distinct and separate from all other funds. After transferring 10 percent of the funds to the revenue stabilization reserve account as provided in RSA 7:6-e, the remainder of all proceeds received by the state fromState v. Exxon Corp., et al., in which the state sued for damages related to MTBE contamination, shall be placed in the trust fund. The state treasurer shall be the trustee of the trust fund, and shall invest the trust fund in accordance with RSA 6:8. Any earnings on trust fund moneys shall be added to the trust fund. All moneys in the trust fund shall be nonlapsing and shall be continually appropriated to the state treasurer. The state treasurer shall disburse funds from the trust fund solely for the purposes and in the manner set forth in RSA 485-F. Source. 2016, 11:1, eff. Mar. 31, 2016.
6-D:1 Drinking Water and Groundwater Trust Fund Established.
There is hereby established in the office of the treasurer the drinking water and groundwater trust fund which shall be kept distinct and separate from all other funds. After transferring 10 percent of the funds to the revenue stabilization reserve account as provided in RSA 7:6-e, the remainder of all proceeds received by the state fromState v. Exxon Corp., et al., in which the state sued for damages related to MTBE contamination, shall be placed in the trust fund. The state treasurer shall be the trustee of the trust fund, and shall invest the trust fund in accordance with RSA 6:8. Any earnings on trust fund moneys shall be added to the trust fund. All moneys in the trust fund shall be nonlapsing and shall be continually appropriated to the state treasurer. The state treasurer shall disburse funds from the trust fund solely for the purposes and in the manner set forth in RSA 485-F. Source. 2016, 11:1, eff. Mar. 31, 2016.
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