New Hampshire Revised Statutes 195-H:12 – Governor’s Scholarship Program and Fund Established
Current as of: 2023 | Check for updates
|
Other versions
I. There is hereby established the governor’s scholarship program and the governor’s scholarship fund. The program and fund shall be administered by the commission. The fund shall be kept distinct and separate from all other funds and shall be used to provide scholarships which a recipient shall apply to the costs of an education at an eligible institution. The funds shall be distributed to an eligible institution based on the number of eligible students awarded a scholarship and upon receipt of a request for reimbursement for such scholarship funds accompanied by appropriate documentation.
II. The state treasurer shall credit to the fund any appropriation relating to the governor’s scholarship fund made in each fiscal year to the commission. The state treasurer shall invest the fund in accordance with N.H. Rev. Stat. § 6:8. Any earnings shall be added to the fund.
III. All moneys in the fund shall be nonlapsing and continually appropriated to the commission for the purposes of this subdivision.
IV. The commission may institute promotional programs and solicit and receive cash gifts or other donations for the purpose of supporting educational scholarships from the fund. The commission shall not solicit or accept real property.
V. All gifts, grants, and donations of any kind shall be credited to the fund.
II. The state treasurer shall credit to the fund any appropriation relating to the governor’s scholarship fund made in each fiscal year to the commission. The state treasurer shall invest the fund in accordance with N.H. Rev. Stat. § 6:8. Any earnings shall be added to the fund.
Terms Used In New Hampshire Revised Statutes 195-H:12
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
III. All moneys in the fund shall be nonlapsing and continually appropriated to the commission for the purposes of this subdivision.
IV. The commission may institute promotional programs and solicit and receive cash gifts or other donations for the purpose of supporting educational scholarships from the fund. The commission shall not solicit or accept real property.
V. All gifts, grants, and donations of any kind shall be credited to the fund.