Per RSA 39:19-22(paraphrased) Towns may take and hold in trust gifts, legacies, and devises made to them for the establishment, maintenance, and care of libraries, reading-rooms, schools, and other educational facilities, parks, cemeteries, and burial lots, the planting and care of shade and ornamental trees upon their highways and other public places, and for any other public purpose that is not foreign to their institution or incompatible with the objects of
their organization.

A town may at any annual or special meeting grant and vote such sums of money as it deems necessary to create trust funds (Capital Reserve Funds) for the maintenance and operation of the town; and any other public purpose that is not foreign to the town's institution or incompatible with the objects of its organization. The town may appoint agents to expend any funds in the trust for the purposes of the trust. An annual accounting and report of the activities of the trust shall be presented to the selectmen and published in the annual report.

Towns shall take and hold in trust gifts, legacies and devises made to them for the care of cemeteries (Cemetery Trusts) and burial lots when the terms of the gift, legacy or devise do not impose any liability upon the town beyond the amount of the gift, legacy or devise and the income thereof.

Trustees
All such trusts shall be administered by a board of 3 trustees, unless a town at an annual or special town meeting votes that such trusts shall be administered by a board of 5 trustees. In towns with a board of 3 trustees, one trustee shall be elected by a ballot at each annual town meeting for a term of 3 years. Vacancies shall be filled by the selectmen for the remainder of the term. Trustees shall organize by electing one of their number bookkeeper, who shall keep the records and books for the trustees, and shall require a voucher before making any disbursement of funds from said trusts.

Power of trustees: Authority to administer town trust funds is vested solely in the trustees and income there from cannot be turned over to the selectmen for purposes contrary to the judgment of the trustees.

The trustees shall formally adopt an investment policy for all investments made by them or by their agents for any trust funds in their custody. Such investment policy shall be reviewed and confirmed at least annually.

For those who would like more information regarding the Trustees of the Trust Funds please visit
http://doj.nh.gov/publications/pdf/trustees.pdf

Annually the Trustees submit a report called an MS-9 to the NH Department of Justice. This includes all Capital Reserve Finds and Trust funds held by the town and school district. To visit this report click here. (Adobe Acrobat reader required)

Other information the Trustees are working on can be viewed by clicking on the following:
Annual Report
Other Trustee Documents

The Trustees are currently
Kevin Woods
Tina Thomas
Joe Lucafo