§ 35-A:3 — Definitions

The following words or terms as used in this chapter shall have the following meanings unless a different meaning clearly appears from the context:
I. "Chapter" means this New Hampshire municipal bond bank law.
II. "Bank" means the New Hampshire municipal bond bank created and established by RSA 35-A:4.
III. "Bonds" means bonds of the bank issued pursuant to this chapter.
IV. "Fully marketable form" means a municipal security duly executed and accompanied by an approving legal opinion of a bond counsel of recognized standing in the field of municipal law whose opinions have been and are accepted by purchasers of like municipal bonds, provided that the municipal security so executed need not be printed or lithographed nor be in more than one denomination.
V. "General fund" means the fund created or established as provided in RSA 35-A:13.
VI. "Governmental unit" means any county, city, town, school district, village district or other body corporate and politic having the power either to levy taxes, or to provide for rates, charges, or assessments, whether established by general law or by special statute.
VII. "Municipal bond" means a bond or note or evidence of debt issued by a governmental unit and payable from either taxes, or from rates, charges or assessment, but shall not include any bond or note or evidence of debt issued by any other state or any public body or municipal corporation thereof.
VIII. "Notes" means any notes of the bank issued pursuant to this chapter.
IX. "Reserve fund" means any of the New Hampshire municipal bond bank reserve funds created or established as provided in RSA 35-A:11.
X. "Revenues" means all fees, charges, moneys, profits, payments of principal of or interest on municipal bonds and other investments, gifts, grants, contributions, appropriations and all other income derived or to be derived by the bank under this chapter.

Legislative History

1977, 491:1, eff. July 1, 1977. 2003, 281:7, eff. July 18, 2003.