New Hampshire Revised Statutes 228:11 – Highway Surplus Account
Current as of: 2023 | Check for updates
|
Other versions
I. At the close of each fiscal year, the following shall be transferred to the highway surplus account:
(a) All revenues in excess of budget estimates which are derived from registration fees, drivers’ licenses, gasoline road tolls or any other special charges or taxes with respect to the operation of motor vehicles or the sale or consumption of motor vehicle fuels, including any balance of funds received from motor vehicle road tolls not otherwise required for the payment of interest and principal on any bonds or notes previously issued or issued at some future time.
(b) All revenues from the highway garage and other sources which are in excess of budget estimates, but not including any revenues from motor vehicle fines.
(c) All unencumbered balances of all appropriation accounts in the department of transportation, except those for construction and reconstruction of highways.
II. No moneys shall be expended from the highway surplus account, except as provided in N.H. Rev. Stat. § 228:12.
(a) All revenues in excess of budget estimates which are derived from registration fees, drivers’ licenses, gasoline road tolls or any other special charges or taxes with respect to the operation of motor vehicles or the sale or consumption of motor vehicle fuels, including any balance of funds received from motor vehicle road tolls not otherwise required for the payment of interest and principal on any bonds or notes previously issued or issued at some future time.
Terms Used In New Hampshire Revised Statutes 228:11
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- road: shall include all bridges thereon. See New Hampshire Revised Statutes 21:26
(b) All revenues from the highway garage and other sources which are in excess of budget estimates, but not including any revenues from motor vehicle fines.
(c) All unencumbered balances of all appropriation accounts in the department of transportation, except those for construction and reconstruction of highways.
II. No moneys shall be expended from the highway surplus account, except as provided in N.H. Rev. Stat. § 228:12.