New Hampshire Revised Statutes 481:32 – Hydro Funds
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I. Revenue to the state resulting from the leasing of state-owned dams for hydroelectric generation shall be credited to the fund established in N.H. Rev. Stat. § 482:55 for the purpose of the retirement of bonds and notes authorized by N.H. Rev. Stat. § 482:56.
II. Notwithstanding any other provision of law, the department may transfer to this fund such gifts and grants as it may from time to time receive, together with any surplus revenue held by the department and derived from its management of water resources properties.
III. Any amount of revenue over and above the amount required to retire said bonds shall be credited to the dam maintenance fund for the repair and reconstruction of other state-owned dams, authorized by the legislature and with the approval of governor and council, or for work on properties associated with state-owned dam sites.
II. Notwithstanding any other provision of law, the department may transfer to this fund such gifts and grants as it may from time to time receive, together with any surplus revenue held by the department and derived from its management of water resources properties.
Terms Used In New Hampshire Revised Statutes 481:32
- Department: means the department of environmental services. See New Hampshire Revised Statutes 481:2
- 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
III. Any amount of revenue over and above the amount required to retire said bonds shall be credited to the dam maintenance fund for the repair and reconstruction of other state-owned dams, authorized by the legislature and with the approval of governor and council, or for work on properties associated with state-owned dam sites.