New Hampshire § 6-38 - Section 6:38 New Hampshire Excellence in Higher Education Endowment Trust Fund Established.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 6-38 — Section 6:38 New Hampshire Excellence in Higher Education Endowment Trust Fund Established., with citation guidance and answers to common questions.
§ 6-38. Section 6:38 New Hampshire Excellence in Higher Education Endowment Trust Fund Established.
[Paragraph I effective until July 1, 2027; see also paragraph effective July 1, 2027, set out below.] I. There is hereby established in the office of the treasurer the New Hampshire excellence in higher education endowment trust fund which shall be kept distinct and separate from all other funds. During the biennium ending June 30, 2027, annual assessments less any annual administrative costs received from the New Hampshire college tuition savings plan established under RSA 195-H, and less $6,000,000 per year of gross proceeds from assessments collected, which shall be allocated to the general fund, shall be credited to the trust fund to provide scholarships for the benefit of residents of the state pursuing programs of study at eligible educational institutions within the state. [Paragraph I effective July 1, 2027; see also paragraph effective until July 1, 2027, set out above.] I. There is hereby established in the office of the treasurer the New Hampshire excellence in higher education endowment trust fund which shall be kept distinct and separate from all other funds. Annual assessments less any annual administrative costs received from the New Hampshire college tuition savings plan established under RSA 195-H shall be credited to the trust fund to provide scholarships for the benefit of residents of the state pursuing programs of study at eligible educational institutions within the state. II. The state treasurer shall be the trustee of the trust fund established in this chapter, and shall invest the trust fund in accordance with RSA 6:8. Any earnings on trust fund moneys shall be added to the trust fund. III. All moneys in the trust fund shall be nonlapsing and shall be continually appropriated to the commission for purposes of providing education scholarships under this subdivision.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 6-38
What does New Hampshire Revised Statutes Annotated § 6-38 cover?
Section 6-38 ("Section 6:38 New Hampshire Excellence in Higher Education Endowment Trust Fund Established.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 6-38?
A common citation format is "New Hampshire Revised Statutes Annotated § 6-38" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 6-38 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.