Section 188-D:42 Investment of State Matching Funds.
A participating institution shall invest all funds in the endowment fund provided that:
I. All earnings including interest, dividends, equity appreciation, and any other form of increased value shall be reinvested in the endowment fund or distributed to granite state scholars.
II. The historic dollar value of the endowment fund as defined in RSA 292-B:2, II shall not be invaded, transferred, or used for any purpose other than the program.
III. The funds are invested consistent with the provisions of RSA 292-B.
Source. 2000, 70:2, eff. July 1, 1999. 2008, 75:2, eff. July 1, 2008.