New Hampshire § 35-A:40 Public Utility Bonding

New Hampshire Statutes

§ 35-A:40 — Public Utility Bonding

New Hampshire § 35-A:40

Title IIITOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES

Ch. 35-ANEW HAMPSHIRE MUNICIPAL BOND BANK

This text of New Hampshire § 35-A:40 (Public Utility Bonding) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 35-A:40 (2026).

Text

The bank shall have the authority to purchase, sell and hold public utility bonds subject to the terms pursuant to RSA 374-C. Such purchase and sale of public utility bonds shall be separate from the purchase and sale of municipal bonds under this chapter. All proceeds derived pursuant to RSA 374-C shall be maintained separately from the general fund and bond reserve fund established under this chapter. The bank's authority created under this chapter shall extend, wherever applicable, to the effective implementation of RSA 374-C.

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The bank shall have the authority to purchase, sell and hold public utility bonds subject to the terms pursuant to RSA 374-C. Such purchase and sale of public utility bonds shall be separate from the purchase and sale of municipal bonds under this chapter. All proceeds derived pursuant to RSA 374-C shall be maintained separately from the general fund and bond reserve fund established under this chapter. The bank's authority created under this chapter shall extend, wherever applicable, to the effective implementation of RSA 374-C.