[Adopted 8-9-2005 by Ord. No. O-05-103]
Pursuant to NH RSA 31:19-a, an Expendable Trust Fund is hereby established for the purpose of accepting donations, contributions and gifts, including charitable advertising and sponsorship payment, for school department athletic expenses, and the Board of Education is appointed as the agent to expend under RSA 31:19-a.
Any balance remaining in this Expendable Trust Fund at fiscal year end will not lapse or be closed out to the general fund but will remain in this Expendable Trust Fund for future school-related programs and activities.