New Hampshire Revised Statutes 19-A:9 – Art Fund
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I. There is hereby established a non-lapsing art fund consisting of
1/2 of one percent of the first $15,000,000 of the bid contract price of each new building or major addition authorized by the capital budget to be paid from the general fund. As used in this section, “major addition” means any addition which increases by 25 percent or more the square footage of the building to which it is being added. Contracts for the following projects are excluded:
(a) Repairs;
(b) University system of New Hampshire;
(c) Those paid for by the highway fund, fish and game fund, or federal funds; and
(d) Self-liquidating projects.
II. The commissioner of administrative services shall pay the specified percent to the fund out of the original capital budget appropriation when the governor and council approve the construction contract. The percent shall be a charge against the bond or note financing the construction.
1/2 of one percent of the first $15,000,000 of the bid contract price of each new building or major addition authorized by the capital budget to be paid from the general fund. As used in this section, “major addition” means any addition which increases by 25 percent or more the square footage of the building to which it is being added. Contracts for the following projects are excluded:
Terms Used In New Hampshire Revised Statutes 19-A:9
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- governor and council: shall mean the governor with the advice and consent of the council. See New Hampshire Revised Statutes 21:31-a
(a) Repairs;
(b) University system of New Hampshire;
(c) Those paid for by the highway fund, fish and game fund, or federal funds; and
(d) Self-liquidating projects.
II. The commissioner of administrative services shall pay the specified percent to the fund out of the original capital budget appropriation when the governor and council approve the construction contract. The percent shall be a charge against the bond or note financing the construction.