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Sister Cities Committee to draft special-revenue fund after trust option stalls
Summary
Portsmouth’s Blue Ribbon Sister City Committee agreed to draft a proposal for a city special-revenue fund to accept donor-restricted gifts after trustees raised legal and policy objections to a standalone trust.
The Blue Ribbon Sister City Committee authorized staff to draft a proposal to create a city-managed special-revenue fund to hold donor-restricted gifts after attempts to form an independent sister-cities trust encountered legal and policy objections. The committee voted to ask staff to prepare a proposal the group can review and then send to the City Council for acceptance.
Committee member Bob Sullivan told the group that trustees raised “technical objections,” “legal objections” and a “policy objection…
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