New Hampshire Revised Statutes 383:9-b – New Hampshire Charitable Foundation Common Trust Funds
Current as of: 2023 | Check for updates
|
Other versions
The commissioner shall also have general supervision of any public common trust fund created by the New Hampshire Charitable Foundation. He may examine into the condition and management of such public common trust funds when necessary in his judgment. Whenever he shall conduct such an examination, he shall charge and collect from the public common trust fund examined, the cost of such examination computed by multiplying the average daily rate of pay of all examining personnel employed in making such examination by the number of full man days devoted to the examination, but such charges for any fiscal year shall in no event exceed
1/2 of one percent of the net income for that fiscal year of such examined fund.
1/2 of one percent of the net income for that fiscal year of such examined fund.
Terms Used In New Hampshire Revised Statutes 383:9-b
- 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.