New Hampshire Statutes
§ 35-A:20 — Exemption from Taxes
New Hampshire·Title III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES·Ch. 35-A NEW HAMPSHIRE MUNICIPAL BOND BANK
All property of the bank is hereby declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the state or any subdivision thereof. All bonds or notes issued pursuant to this chapter are hereby declared to be issued by a body corporate and public of this state and for an essential public and governmental purpose and such bonds and notes, and the interest thereon and the income therefrom, and all fees, charges, funds, revenues, income and other moneys pledged or available to pay or secure the payment of such bonds or notes, or interest thereon, shall at all times be exempt from taxation except for transfer, inheritance and estate taxes.
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Legislative History
1977, 491:1, eff. July 1, 1977.
Nearby Sections
15
§ 35-A:1
Declaration of Purpose§ 35-A:10
Effect of Pledge§ 35-A:11
Reserve Fund§ 35-A:12
Requests for Appropriations§ 35-A:13
General Fund§ 35-A:14
Additional Accounts§ 35-A:15
Action Upon Default§ 35-A:16
Directors and Agents Not Liable§ 35-A:17
Bank Empowered§ 35-A:18
Agreement by State§ 35-A:19
Legal Investments§ 35-A:2
Citation§ 35-A:20
Exemption from Taxes§ 35-A:21
Exemption from Levy and Sale§ 35-A:22
Insurance or Guaranty