RSA 12-A:29-c: Cannon Mountain Capital Improvement Fund.

I. There is established a nonlapsing revolving fund to be known as the Cannon Mountain capital improvement fund in the department of natural and cultural resources. The revolving fund shall be used for capital improvements for the ski area and related state park facilities at Cannon Mountain.

II. All income from the lease of the state ski area at Mount Sunapee shall be deposited into the fund and may not be diverted for any other purpose.

III. The commissioner of natural and cultural resources shall submit a report detailing the activities of the revolving fund annually to the governor and council and the fiscal committee by January 31 following the close of each fiscal year.