New Hampshire Revised Statutes 33:6-e – Exclusion from Debt Limit; Solid Waste Management Districts
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Terms Used In New Hampshire Revised Statutes 33:6-e
- Municipality: or "municipal corporation" town, city, school district or village district. See New Hampshire Revised Statutes 33:1
- Net indebtedness: all outstanding and authorized indebtedness, heretofore or hereafter incurred by a municipality, exclusive of the following: unmatured tax anticipation notes issued according to law. See New Hampshire Revised Statutes 33:1
The debt limit restrictions of this chapter shall not apply to a solid waste management district formed under N.H. Rev. Stat. Chapter 53-B or to the debts or obligations incurred by such a district. Debts or obligations of a member municipality to such a district shall at no time be included in the net indebtedness of the municipality for the purposes of determining its borrowing capacity.