Section 282-A:138-a Training Fund. - New Hampshire Statutes

   I. There is hereby created in the state treasury a special fund to be known as the training fund. Commencing January 1, 2002, the moneys in this fund may be used, solely as determined by the commissioner of resources and economic development in accordance with rules and guidelines adopted by the commissioner of resources and economic development, for funding training under the job training program for economic growth, established under RSA 12-A:51-58. Rulemaking authority relative to administration of the grant award process shall be with the commissioner of resources and economic development pursuant to RSA 12-A:54, II(a).
   II. The commissioner of resources and economic development shall act as the fiscal agent for moneys deposited in the training fund. All costs incurred by the commissioner acting as fiscal agent of the training fund shall be paid from such fund.
   III. Any interest earned on the moneys in this fund shall remain in the fund and shall be expended as provided in paragraph I.
   IV. Any moneys paid into the training fund during a calendar year, which are either not obligated by June 30 of the following year or spent by June 30 of the year thereafter, shall be continually appropriated and shall not lapse.

Source. 2001, 133:8, eff. July 1, 2001. 2007, 204:3, eff. July 1, 2007. 2009, 144:93, eff. Oct. 1, 2009.