New Hampshire Revised Statutes 228:26 – Borrowing Authorized
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 228:26
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
If the moneys in the highway fund are not sufficient to provide the funds authorized by N.H. Rev. Stat. § 228:25, the treasurer is authorized to borrow on the state‘s credit at the lowest rate of interest obtainable, such sums as may be necessary to provide said funds; provided, that at no time shall the indebtedness of the state pursuant to this section exceed $1,000,000; and provided further, that such indebtedness shall be repaid from revenues within 3 years.