New Hampshire Revised Statutes 35-A:40 – Public Utility Bonding
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Terms Used In New Hampshire Revised Statutes 35-A:40
- Bank: means the New Hampshire municipal bond bank created and established by N. See New Hampshire Revised Statutes 35-A:3
- Bonds: means bonds of the bank issued pursuant to this chapter. See New Hampshire Revised Statutes 35-A:3
- Chapter: means this New Hampshire municipal bond bank law. See New Hampshire Revised Statutes 35-A:3
- General fund: means the fund created or established as provided in N. See New Hampshire Revised Statutes 35-A:3
- Reserve fund: means any of the New Hampshire municipal bond bank reserve funds created or established as provided in N. See New Hampshire Revised Statutes 35-A:3
The bank shall have the authority to purchase, sell and hold public utility bonds subject to the terms pursuant to RSA 374-C. Such purchase and sale of public utility bonds shall be separate from the purchase and sale of municipal bonds under this chapter. All proceeds derived pursuant to N.H. Rev. Stat. Chapter 374-C shall be maintained separately from the general fund and bond reserve fund established under this chapter. The bank’s authority created under this chapter shall extend, wherever applicable, to the effective implementation of RSA 374-C.