Are there any laws governing the use and control of public funds?

Yes, there are laws governing the use and control of public funds in New Hampshire. The State Treasurer is responsible for the management of and control of all money collected or held by the State of New Hampshire. All State funds are received into the State Treasury and, upon deposit, become the property of the state. The Public Funds Investment Act of 1975 governs investments that involve use of public funds. The Act requires that public funds are invested and managed in a conservative and prudent manner. It is designed to protect the safety and liquidity of public funds, while still maximizing returns on investments. The Local Government Center is responsible for auditing local government finance. According to the Local Government Authority & Finance Rules, all municipalities must maintain a detailed financial system that provides accurate and timely financial information. The Rules also include guidance on the tracking and reporting of finances of local governments. The New Hampshire Constitution places limits on the amount and use of public funds. It states that no money shall be drawn from the treasury but in consequence of appropriations made by law. This means that only the state legislature can authorize the use of public money and that approvals are subject to the laws of the state. Overall, in New Hampshire, there are laws governing the use and control of public funds. These rules and regulations are in place to protect the safety, liquidity, and proper use of public funds.

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Are there any laws governing the use and control of public funds?

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