I. All moneys including moneys received from the railroad tax imposed by N.H. Rev. Stat. § 82:31, operating agreements, rentals, and permit, application, and renewal fees shall be deposited in the special railroad fund established by N.H. Rev. Stat. § 228:68, and are hereby appropriated to be expended by the commissioner as follows:
(a) Twenty percent of the state‘s receipts from each railroad operating agreement shall be distributed annually to the cities and towns through which the active state-owned railroad lines used in each such agreement pass in proportion to the active state-owned trackage present in each such city or town.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In New Hampshire Revised Statutes 228:69

  • 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
  • governor and council: shall mean the governor with the advice and consent of the council. See New Hampshire Revised Statutes 21:31-a
  • 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

(b) With the approval of the fiscal committee and governor and council, for the purchase, operation, or maintenance of railroad properties acquired or to be acquired pursuant to the provisions of this subdivision.
(c) To provide funding for the Boston to Montreal High Speed Rail Planning and Feasibility Study for the high speed rail connection between Boston and Montreal in an amount not to exceed $85,000.
II. Notwithstanding paragraph I, the commissioner may expend up to $5,000 for each project involving the operation and maintenance of railroad properties without a special appropriation or the approval of the fiscal committee and governor and council.