New Hampshire Revised Statutes 216:3 – Operation of Beach Parking Facilities
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I. The department of natural and cultural resources shall operate, maintain, and manage the parking facilities at Hampton Beach, and shall be authorized to charge for the use of the parking facilities by meters or fees, including parking violation fines, whichever is determined most practical.
II. The state treasurer shall establish a special nonlapsing fund, which shall only lapse pursuant to paragraph III, for the revenues from the state parking facilities at Hampton Beach. Fifty percent of the payments for principal and interest of bonds and notes that are issued for the project of replacing the seawall in the Hampton Beach area shall be paid from this fund. Each fiscal year, the sum of $200,000 shall be transferred from this fund to the Hampton Beach capital improvement fund established in paragraph IV.
III. The balance of any funds in this special nonlapsing fund shall be lapsed at the close of each fiscal year to the state park fund.
IV. (a) There is established a nonlapsing revolving fund to be known as the Hampton Beach capital improvement fund in the department of natural and cultural resources. The revolving fund shall be used for capital improvements and capital equipment for the Hampton Beach-area state parks’ parking and beach facilities.
(b) The commissioner of natural and cultural resources shall submit a report detailing the activities of the revolving fund annually to the governor and council and the fiscal committee within 60 days of the close of each fiscal year.
II. The state treasurer shall establish a special nonlapsing fund, which shall only lapse pursuant to paragraph III, for the revenues from the state parking facilities at Hampton Beach. Fifty percent of the payments for principal and interest of bonds and notes that are issued for the project of replacing the seawall in the Hampton Beach area shall be paid from this fund. Each fiscal year, the sum of $200,000 shall be transferred from this fund to the Hampton Beach capital improvement fund established in paragraph IV.
Terms Used In New Hampshire Revised Statutes 216:3
- 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.
- governor and council: shall mean the governor with the advice and consent of the council. See New Hampshire Revised Statutes 21:31-a
- 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. The balance of any funds in this special nonlapsing fund shall be lapsed at the close of each fiscal year to the state park fund.
IV. (a) There is established a nonlapsing revolving fund to be known as the Hampton Beach capital improvement fund in the department of natural and cultural resources. The revolving fund shall be used for capital improvements and capital equipment for the Hampton Beach-area state parks’ parking and beach facilities.
(b) The commissioner of natural and cultural resources shall submit a report detailing the activities of the revolving fund annually to the governor and council and the fiscal committee within 60 days of the close of each fiscal year.