R-22-008
RESOLUTION
ESTABLISHING AN EXPENDABLE TRUST FUND FOR 14 COURT STREET
EXPENSES, FUNDED BY APPROPRIATIONS
In the Year Two Thousand and Twenty-Two
RESOLVED by the Board of Aldermen of the City of Nashua that pursuant to NH RSA
31:19-a, the City of Nashua hereby establishes an expendable trust fund for expenses related to
14 Court Street, funded by appropriations. It is the intention of this Board to make annual
appropriations into this trust fund beginning with the FY2023 budget, and that the annual amount
that will be appropriated will be equivalent to the amount of any rent, taxes, and fees collected
by the City relative to the use of the building. The Mayor or the Administrative Services
Division Director is appointed as the agent to expend. Any balance remaining in the 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.
