Section 12-A:29-c Cannon Mountain Capital Improvement Fund. - New Hampshire Statutes

   I. There is established a nonlapsing revolving fund to be known as the Cannon Mountain capital improvement fund in the department of resources and economic development. The revolving fund shall be used for capital improvements for the ski area and related state park facilities at Cannon Mountain.
   II. All income from the lease of the state ski area at Mount Sunapee shall be deposited into the fund and may not be diverted for any other purpose.
   III. The commissioner of resources and economic development 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.

Source. 1998, 134:11, eff. June 10, 1998.