35-A:28 Undertakings of Financial Institutions. – All banks, trust companies, savings banks, investment companies and other persons carrying on a banking business are hereby authorized to give to the bank a good and sufficient undertaking with such securities as shall be approved by the bank to the effect that such bank or banking institution […]
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 […]
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" […]
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 […]
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 […]
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 […]
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 […]
35-A:34 Effectuation of Purposes. – In order to effectively carry out its purpose under this chapter of making loans to governmental units, by purchase of the municipal bonds of such governmental units, and by receipt of its income from service charges and from payments of interest on and the maturing principal of municipal bonds […]
35-A:35 Form of Investments. – All municipal bonds or other investments of moneys of the bank permitted or provided for under the chapter shall at all times be purchased and held in fully marketable form (subject to provision for any registration in the name of the bank). All municipal bonds at any time purchased, […]
35-A:36 Authorization Conclusively Approved. – After issuance, all bonds or notes of the bank shall be conclusively presumed to be fully authorized and issued by all the laws of this state, and any person or governmental unit shall be stopped from questioning their authorization, sale, issuance, execution or delivery by the bank. Source. 1977, […]
35-A:37 Liberal Construction. – This chapter shall be construed liberally to effectuate the legislative intent and the purposes of the chapter as complete and independent authority for the performance of each and every act and thing herein authorized and all powers herein granted shall be broadly interpreted to effectuate such intent and purposes and […]
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 […]
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.
35-A:4 New Hampshire Municipal Bond Bank Established. – I. There is hereby established a public body corporate and politic having a distinct legal existence separate from the state and not constituting a department or agency of the state government to be known as the New Hampshire municipal bond bank. The bank is hereby constituted […]
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 […]
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 […]
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 […]
35-A:5 Loans of Money; State Not Liable. – I. The bank, for the purposes authorized by this chapter, is hereby authorized and empowered to lend money to governmental units through the purchase by the bank of municipal bonds of governmental units in fully marketable form. The bank, for the purposes authorized by this chapter, […]
35-A:6 General Powers. – The bank shall be a public body corporate and politic and shall have perpetual succession and for carrying out the purposes of this chapter, shall have the following powers: I. To sue and be sued; II. To adopt and have an official seal and alter the same at pleasure; III. […]
35-A:7 Prohibited Acts. – Nothing contained in this chapter shall be construed to authorize or to empower the bank: I. To make loans of money to any person, firm or corporation other than a governmental unit, or to purchase securities issued by any person, firm or corporation other than a governmental unit or for […]
