New Hampshire Revised Statutes 235:25 – Notice to Towns
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Terms Used In New Hampshire Revised Statutes 235:25
- 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
On or before January 1 of each year, the commissioner shall notify all cities, towns and unincorporated places of the amounts of aid being allotted in each fiscal year. Payments shall be made as follows: 30 percent in July; 30 percent in October; 20 percent in January; and 20 percent in April. These funds shall be used only for highway construction, reconstruction or maintenance purposes. Whenever any city, town or unincorporated place is unable to utilize the full amount of this apportionment for highway construction, reconstruction or maintenance purposes in any given municipal fiscal year, the unused balance may be carried over to the following municipal fiscal year and expended for highway construction, reconstruction or maintenance purposes.