New Hampshire Revised Statutes 77-E:14 – Distribution of Funds
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I. The commissioner shall determine 41 percent of the revenue produced by the tax imposed by N.H. Rev. Stat. § 77-E:2 for each fiscal year and shall certify such amounts to the state treasurer by October 1 of that year for deposit in the education trust fund established by N.H. Rev. Stat. § 198:39.
II. The commissioner shall make quarterly estimates of the amount of revenue that will be produced for the next fiscal year and shall certify such amounts to the state treasurer for deposit in the education trust fund established by N.H. Rev. Stat. § 198:39. Such estimates shall be certified on June 1, September 1, December 1, and March 1 of each year.
II. The commissioner shall make quarterly estimates of the amount of revenue that will be produced for the next fiscal year and shall certify such amounts to the state treasurer for deposit in the education trust fund established by N.H. Rev. Stat. § 198:39. Such estimates shall be certified on June 1, September 1, December 1, and March 1 of each year.
Terms Used In New Hampshire Revised Statutes 77-E:14
- 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.
- 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