New Hampshire Revised Statutes 12-G:23 – Separate Funds
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Terms Used In New Hampshire Revised Statutes 12-G:23
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Any debt service fund, construction fund, debt service reserve fund, or other fund established in connection with the issuance of bonds pursuant to N.H. Rev. Stat. § 12-G:17-28 shall be kept separate from other moneys of the authority. The moneys deposited in any such funds, together with the income derived from any investments held as part of such funds, shall be expended without further authorization or appropriation as provided for in the security document establishing such funds.