RSA 216:8 Administration.

I. The monitoring endowment established by RSA 216:7 shall be maintained in perpetuity and shall be utilized only for the purposes of monitoring and enforcing the conservation easement acquired through the Connecticut Lakes headwaters tract purchase.
II. The principal of the endowment shall be managed by the state treasurer for the sole purpose of providing interest earnings for the purposes set forth in this subdivision and expenditures from the endowment for these purposes shall be limited to the interest earned thereon.
III. Any interest earned on the endowment principal which is not used for the purposes set forth in this subdivision within the fiscal year in which it is earned shall be nonlapsing. The state treasurer is authorized to accept gifts, donations, and gra