Bar News - December 21, 2016
US District Court - District of NH
Pursuant to LR 1.2(b), the United States District Court for the District of New Hampshire gives notice that it has amended LR 67.2(c) regarding the Deposit of Registry Funds Into Interest-Bearing Account. The amendment is to be consistent with changes to the CRIS fee structure approved by the Judicial Conference of the United States, effective December 1, 2016. The amendment is immediately necessary in advance of a public comment period.
The amended rule is set forth below and becomes effective December 1, 2016. All comments, including suggestions or other correspondence, related to this amendment may be made before December 17, 2016, and directed to email@example.com, Chief Deputy Clerk or U.S. District Court, Warren B. Rudman U.S. Courthouse, 55 Pleasant Street, Room 110, Concord, NH 03301-3941.
67.2 Deposit of Registry Funds Into Interest-Bearing Account
(c) Registry Maintenance/Investment Fee
(1) Authorized Deduction
Pursuant to 28 U.S.C. § 1913 and this rule, the custodian is authorized and directed to deduct a fee for the management of investments. The fee shall be annualized 10 basis points on assets on deposit for all CRIS funds. The fee is assessed from interest earnings to the pool before a pro rata distribution of earnings is made to individual accounts.
(2) Funds Disbursed to United States, Agencies or Officials Thereof
In cases in which funds are ultimately disbursed to the United States or to agencies or officials thereof, the clerk shall provide to those agencies or officials any relief from the CRIS fee approved by the Director of the Administrative Office on application filed by the United States Attorney or any other government counsel.