Section 100-A:14-a Subcommittees of the Board of Trustees.
I. The board of trustees shall establish subcommittees, to include but not be limited to, an audit committee.
II. Each subcommittee shall consist of members of the board of trustees. At least one member of the audit committee shall be experienced in the field of public accounting.
III. Except as otherwise provided in this chapter, the audit committee and each subcommittee established by the board shall make its recommendations to the full board for final approval.
IV. The audit committee shall assist the board to undertake the audit and reporting requirements required by RSA 100-A:15, VI. The audit committee may establish an advisory committee to assist it in its auditing functions. The advisory committee shall consist of non-board members who are certified public accountants and others working in public accounting.
V. Subcommittee members shall be appointed by chairperson of the board of trustees.
Source. 2008, 300:17, eff. July 1, 2008.