Section 216:3 Operation of Beach Parking Facilities.
I. The department of resources and economic development shall operate, maintain, and manage the parking facilities at Hampton Beach, and shall be authorized to charge for the use of the parking facilities by meters or fees, including parking violation fines, whichever is determined most practical.
II. The state treasurer shall establish a special nonlapsing fund, which shall only lapse pursuant to paragraph III, for the revenues from the parking facilities at Hampton Beach. Fifty percent of the payments for principal and interest of bonds and notes that are issued for the project of replacing the steel seawall with a concrete seawall in the Hampton Beach area shall be paid from this fund. If the revenues from the parking facilities at Hampton Beach exceed $1,025,000 for the fiscal year, all revenues in excess of $1,025, 000 shall be transferred prior to the close of the fiscal year from this fund to the Hampton Beach capital improvement fund established in paragraph IV.
III. The balance of any funds in this special nonlapsing fund shall be lapsed at the close of each fiscal year to the state park fund.
IV. (a) There is established a nonlapsing revolving fund to be known as the Hampton Beach capital improvement fund in the department of resources and economic development. The revolving fund shall be used for capital improvements and capital equipment for the Hampton Beach-area state parks' parking and beach facilities.
(b) 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. 1953, 218:4, 5. RSA 216:3. 1987, 3:4; 94:2. 1989, 137:4. 1990, 3:18. 1991, 40:3. 1995, 308:57, eff. July 1, 1995. 2003, 319:154, eff. July 1, 2003. 2008, 263:1, eff. July 1, 2008.