New Hampshire Statutes
§ 33-B:11 — Separate Funds
New Hampshire·Title III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES·Ch. 33-B MUNICIPAL REVENUE BONDS
Any debt service fund, construction fund, debt service reserve fund, depreciation reserve fund or other fund established in connection with the issuance of bonds under this chapter shall be kept separate from other moneys of the municipality. The moneys deposited in any such funds, together with income derived from any investments held as part of such funds, shall be expended without further authorization or appropriation as provided for in the trust or security agreement or resolution establishing such funds.
Free access — add to your briefcase to read the full text and ask questions with AI
New Hampshire § 33-B:11 (Separate Funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1988, 90:1, eff. June 17, 1988.
Nearby Sections
15
§ 33-B:1
Definitions§ 33-B:10
Investment Securities§ 33-B:11
Separate Funds§ 33-B:12
Trust Funds§ 33-B:13
Tax Exemption§ 33-B:14
Eligible Investments§ 33-B:2
Issuance of Revenue Bonds§ 33-B:3
Project Costs§ 33-B:5
Credit Facilities and Insurance§ 33-B:7
Enforcement of Rights§ 33-B:8
Refunding Bonds§ 33-B:9
Governmental Consents