R-21-116
RESOLUTION
ESTABLISHING AN EXPENDABLE TRUST FUND FOR APPROPRIATIONS FOR
THE BUSINESS AND INDUSTRIAL DEVELOPMENT AUTHORITY
CITY OF NASHUA
In the Year Two Thousand and Twenty-One
RESOLVED by the Board of Aldermen of the City of Nashua that pursuant to RSA
31:19-a, the City of Nashua hereby establishes an expendable trust fund (“ETF”) for use by the
Business and Industry Development Authority (““BIDA”) in accordance with RSA Chapter 162-
A. The Mayor or the Economic Development Director, with input from BIDA, is appointed as
the agent to expend. Any balance remaining in this expendable trust fund at each fiscal year end
will not lapse or be closed out to the General Fund, but will remain in this expendable trust fund.
It is the intention of this board that after closing, $250,000 from the sale of land on
Bridge Street and Sanders Street (see R-19-148) will be appropriated into this ETF via a
supplemental appropriation resolution.
