Appointment; General Provisions. (a) The Board is responsible for the general investment policy and program of the Trust and for the general supervision and administration of the business and affairs of the Trust conducted by the officers, agents, employees, investment advisors, administrators, distributors, or independent contractors of the Trust consistent with the investment policy established in this Interlocal Agreement. However, the Board is not required to personally conduct all of the routine business of the Trust and, consistent with their responsibility as stated herein, the Board may, on behalf of the Trust, appoint, employ, or contract with an Administrator and a Trust Counsel and may grant or delegate such authority to the Administrator, Trust Counsel, or to any other person as the Board may, in its discretion, deem to be necessary or desirable for the efficient management of the Trust.
Appointment; General Provisions. (a) The Participants hereby appoint Public Trust Advisors, LLC as the Program Administrator under this Agreement, subject to the overall supervision of the Board of Trustees, for the period and on the terms set forth in this Agreement.
Appointment; General Provisions. (a) The State Treasurer with the assistance of the Advisory Committee is responsible for establishment and operation of the Pool and for such general supervision of the business of the Pool conducted by all officers, agents, employees, advisers, managers or independent contractors of the Pool as may be necessary to insure that such business conforms to the provisions of this Agreement. As provided in the RSA Section 6:45, the State Treasurer and the Advisory Committee shall appoint, employ or contract a private investment advisor and enter into the Program Administration Agreement whereby the Program Administrator shall undertake to furnish the Pool such management, investment advisory or supervisory, administrative, statistical, research, and promotional facilities and services, and such other facilities and services, if any, as the State Treasurer may in his discretion determine. Such services may include but are not limited to the following functions: (1) transfer agent and dividend disbursing agent; (2) administrator, to maintain the books and records of the Pool, to supervise all aspects of the Pool's operations, including periodic updating of the Pool's Information Statement, to prepare periodic statements and reports to Shareholders, to compute the Pool's daily net asset value and yield, to provide office space, equipment and facilities necessary for the Pool's operations and to provide such other administrative services as the State Treasurer may require; (3) distributor, to act as the Pool's sales agent for the distribution of the Shares, and (4) customer service agent, to provide information to Participants or New Hampshire entities which are interested in becoming Participants. The State Treasurer may authorize the investment adviser under the Program Administration Agreement to effect purchases, sales, loans or exchanges of portfolio securities of the Pool, all without further action by the State Treasurer.
