AI-assisted research summary: The commissioner must set up and manage several resident-related accounts and funds, and the state treasurer holds trust funds as custodian.
Accounts shall be established to administer the following funds: I. The children's benefit fund, a budgetary line item, shall be used for allowances to residents, payment to residents for their services, funding for resident projects, and other expenditures directly benefiting the residents as determined by the commissioner. II. (a) Except as provided in subparagraph II(b), the personal funds of residents in their possession while at the center shall be transferred to and held in trust by the commissioner in a pooled account kept in approved facilities in accordance with the manual of procedures of the department of administrative services. Notwithstanding RSA 6:11 or any other provision of law, any interest on such pooled account: (1) Accrued prior to July 1, 1994, shall be appropriated to the department and shall be expended only for the direct benefit of the residents. (2) Accruing after July 1, 1994, shall be the property of the individual residents as determined by the commissioner. (b) Residents who receive social security benefits or veterans administration benefits, who are receiving regular income from sources other than the resident's own labor, or whose personal funds in their possession while at the center total more than $200, shall have individual bank accounts established, to be administered for the residents by the commissioner. Notwithstanding RSA 6:11 or any other provision of law, the interest accrued or accruing on such individual accounts shall be the property of the individual resident. III. The special projects fund shall consist of moneys from gifts, bequests, and miscellaneous contributions and shall be administered by the commissioner for the direct benefit of residents or in accordance with donor instructions. Notwithstanding RSA 6:11 or any other provision of law and unless otherwise prohibited by donor instructions, any interest accrued or accruing on the special project fund shall be continually appropriated to the department and shall be expended only for the direct benefit of the residents. IV. Trust funds shall be administered separately and held in the state treasury, with the state treasurer designated as custodian. V. In addition to the accounts described in paragraphs II and III of this section, the commissioner may establish such other accounts for the deposit of residents' personal funds, proceeds of program activities, donations, and other miscellaneous contributions or moneys as are necessary to meet the needs of the center. Such accounts shall be kept in approved facilities in accordance with the manual of procedures of the department of administrative services. Notwithstanding RSA 6:11 or any other provision of law, any interest accrued or accruing on such accounts shall be continually appropriated to the department and shall be expended only for the direct benefit of the residents, except that the interest accrued or accruing on such accounts established with the personal funds of residents shall be the property of the individual residents as determined by the commissioner. Source: Source. 1929, 19:1. RL 463:42, 43. 1953, 205:1, pars. 27, 28. RSA 621:28, 29. 1981, 539:3. 1983, 416:21. 1985, 399:3, II. 1994, 81:1-3. 1995, 181:20, 21, eff. July 1, 1995.