New Hampshire Revised Statutes 6-C:1 – Definitions
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In this chapter, “net tax supported debt” of the state means the principal amount of any bonds, notes (excluding revenue anticipation or other temporary notes payable no later than one year from their dates), loans, leases in excess of 5 years or other evidence of indebtedness, excluding refinanced debt, which has been authorized but not yet repaid or otherwise cancelled, for whatever period or purpose incurred, for which debt service payments are either:
I. Made directly by the state from taxes and other unrestricted general fund revenues, unless, and then only to the extent that, specific revenues are segregated or pledged for such debt service payments; or
II. Guaranteed by the state, unless, and then only to the extent that:
(a) Specific revenues are segregated or pledged for such debt service payments; or
(b) The guaranteed indebtedness is either a general obligation of a municipal corporation, for the payment of which property taxes may be levied, or is otherwise self-supporting.
I. Made directly by the state from taxes and other unrestricted general fund revenues, unless, and then only to the extent that, specific revenues are segregated or pledged for such debt service payments; or
Terms Used In New Hampshire Revised Statutes 6-C:1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
II. Guaranteed by the state, unless, and then only to the extent that:
(a) Specific revenues are segregated or pledged for such debt service payments; or
(b) The guaranteed indebtedness is either a general obligation of a municipal corporation, for the payment of which property taxes may be levied, or is otherwise self-supporting.