RSA 53-B:8-a Capital Reserve Fund.

I. A district may establish a capital reserve fund for the orderly replacement and closure of any existing facility, including associated buildings and equipment, which has been approved under RSA 53-B:7, VI. The district committee shall invest all monies in said fund in the same manner as capital reserve funds of towns are invested pursuant to the requirements of RSA 35:9. The members of said committee shall serve as the trustees of the capital reserve fund. The trustees of the fund shall post bond in such amount and in such form as the New Hampshire commissioner of revenue administration shall prescribe.
II. The proposed annual contributions to the capital reserve fund shall be set forth in the budget of the district, and the trustees shall annually within 3 months of the cl