FISCAL AGENT AGREEMENT
This Agreement is made as of the day of April, 2019 by and between the City of Nashua, a
municipal corporation with a principal address of 229 Main Street, Nashua, NH 03061 (hereafter referred
to as the “Sponsored Organization”) and City Arts Nashua, a New Hampshire 501(c)3 charitable
organization with a principal address of PO Box 1603, Nashua, NH 03061 (hereafter referred to as the
“Fiscal Agent’).
Purpose of Agreement
The Sponsored Organization has proposed that the Fiscal Agent sponsor and assist in the financial
administration of the fundraising activities for a yet-to-be formed private nonprofit organization, which
will support the operations Nashua Performing Arts Center (‘the Project”). The City of Nashua is
creating a strategic partnership with City Arts Nashua for the sole purpose of the administration and
bookkeeping relative to the fundraising needs of the yet-to-be formed private nonprofit.
The Fiscal Agent has determined that sponsorship of the Project would be consistent with its goals, and
wishes to make arrangements with the Sponsored Organization for the implementation and operation of
the Project.
City Arts Nashua agrees to serve as the fiscal agent for the fundraising activities associated with a
downtown Performing Arts Center to be located at 201 Main Street, Nashua, NH 03061 under the
following stipulation(s):
1. The Fiscal Agent status is in relation to the administration of the fundraising activities for the
Performing Arts Center only.
2. The Fiscal Agent hereby agrees to sponsor the Project and assume administrative, financial and
legal responsibility for purposes of the requirements of funding organizations. The Sponsored
Organization agrees to implement and operate the Project, in accordance with the terms of this
agreement and with any requirements imposed by The Fiscal Agent.
3. The Project shall be operated in a manner consistent with the Fiscal Agent’s tax-exempt status
and as described in this Agreement. No material changes in the purposes or activities of the
Project shall be made without prior written permission of the Fiscal Agent and in accordance with
any requirements imposed by The Fiscal Agent, nor shall the Sponsored Organization carry on
activities or use funds in any way that jeopardizes the Fiscal Agent’s tax-exempt status.
4. The Sponsored Organization shall not, and shall not permit the Project to, attempt to influence
legislation or participate or intervene in any political campaign on behalf (or in opposition to) any
candidate for public office or otherwise engage in the carrying on of propaganda (within the
meaning of section 501(c)(3) of the Internal Revenue Code of 1986).
