Section 35-A:38 – Separability Clause.
35-A:38 Separability Clause. – If any section, subsection, paragraph, clause or provision of this chapter shall be adjudged unconstitutional or ineffective in whole or in part, to the extent that it is not adjudged unconstitutional or is not ineffective, it shall be valid and effective and no other section, subsection, paragraph, clause or provision […]
Section 35-A:39 – Exemption for Bank Rules.
35-A:39 Exemption for Bank Rules. – The bank shall be exempt from RSA 541-A and may issue rules in accordance with its own procedures. Source. 1977, 491:1, eff. July 1, 1977.
Section 35-A:40 – Public Utility Bonding.
35-A:40 Public Utility Bonding. – 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 […]
Section 35-A:41 – Educational Institution Bonding.
35-A:41 Educational Institution Bonding. – The bank shall have the authority to purchase, sell and hold educational institution bonds subject to the terms pursuant to RSA 195-F. Such purchase and sale of educational institution bonds shall be separate from the purchase and sale of municipal bonds under this chapter. All proceeds derived pursuant to […]
Section 35-A:42 – Collective Municipal Economic Development Projects; Agreements.
35-A:42 Collective Municipal Economic Development Projects; Agreements. – I. Any number of towns or cities may join collectively to exercise any rights available to a governmental unit under the provisions of this chapter, provided that such collective effort is limited to the raising of funds for economic development projects. For the purposes of this […]
Section 35-A:29 – Limitation Not Applicable; Contracts of Governmental Units; Terms of Bonds.
35-A:29 Limitation Not Applicable; Contracts of Governmental Units; Terms of Bonds. – Every governmental unit is hereby authorized and empowered to borrow money from the bank evidenced by its municipal bonds purchased by the bank and to contract with the bank with respect to such borrowing or purchase. Every governmental unit is hereby authorized […]
Section 35-A:30 – Waiver of Defenses; Rights of Holders.
35-A:30 Waiver of Defenses; Rights of Holders. – Upon the sale and issuance of any municipal bonds to the bank by any governmental unit, such governmental unit shall be held and be deemed to have agreed that in the event of the failure of such governmental unit to pay the interest on or the […]
Section 35-A:31 – Cooperation by State Agencies.
35-A:31 Cooperation by State Agencies. – All officers, departments, boards, agencies, divisions and commissions of the state are hereby authorized and empowered to render any and all of such services to the bank as may be within the area of their respective governmental functions as fixed or established by law and as may be […]
Section 35-A:32 – Agreements with Financial Institutions.
35-A:32 Agreements with Financial Institutions. – The bank is hereby authorized and empowered to enter into such agreements or contracts with any banks, trust companies, banking or financial institutions, within or without the state, as may be necessary, desirable or convenient in the opinion of the bank for rendering services to the bank in […]
Section 35-A:33 – Application of Funds.
35-A:33 Application of Funds. – Money or investments in any fund or account of the bank established or held for any bonds, notes, indebtedness or liability to be paid, funded or refunded by issuance of bonds or notes shall, unless the resolution authorizing such bonds or notes provides otherwise, be applied to the payment […]