Section 237-A:16 – Eligible Investments.
237-A:16 Eligible Investments. – Bonds issued under the provisions of this chapter are hereby made securities in which all public officers, agencies and authorities of the state and of its political subdivisions, insurance companies, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or […]
Section 237-A:17 – Construction and Effect of Other Laws.
237-A:17 Construction and Effect of Other Laws. – I. The provisions of this chapter shall be deemed to provide an additional and alternative method for the effectuation of the purposes of this chapter and shall be construed to be supplemental to, and not in derogation of, powers otherwise conferred by law; provided, however, that […]
Section 237-A:14 – Tax Exemption.
237-A:14 Tax Exemption. – Bonds issued under this chapter, their transfer and income therefrom, including any profit made on the sale or transfer thereof, shall at all times be exempt from all taxation by or within the state. Source. 1986, 203:14, eff. June 3, 1986.
Section 237-A:15 – Investment Securities.
237-A:15 Investment Securities. – Notwithstanding any of the provisions of this chapter or any recitals in any bonds issued under this chapter, all such bonds shall be deemed to be investment securities under RSA 382-A. Source. 1986, 203:14, eff. June 3, 1986.
Section 237-A:6 – Enforcement of Rights.
237-A:6 Enforcement of Rights. – Any owner of a bond issued under the provisions of this chapter and any trustee under a trust or security agreement or resolution securing the same, except to the extent the rights given in this section may be restricted by such agreement or resolution, may bring suit upon the […]
Section 237-A:7 – Refunding Bonds.
237-A:7 Refunding Bonds. – The treasurer, when authorized by the governor and council, may issue refunding bonds for the purpose of paying any bonds issued under the provisions of this chapter at or prior to maturity or upon acceleration or redemption. Refunding bonds may be issued at such times prior to the maturity or […]
Section 237-A:8 – Bonds Not General Obligations.
237-A:8 Bonds Not General Obligations. – Bonds issued under the provisions of this chapter shall not be general obligations of the state for which its full faith and credit is pledged, nor shall they be payable out of any funds other than the funds provided therefor in this chapter nor shall they be deemed […]
Section 237-A:9 – Separate Funds.
237-A:9 Separate Funds. – Any debt service fund, construction fund, debt service reserve fund, or other fund established in connection with the issuance of bonds under this chapter shall be kept separate from other moneys of the state. The moneys deposited in any such funds, together with income derived from any investments held as […]
Section 237-A:10 – Trust Funds.
237-A:10 Trust Funds. – All moneys received pursuant to the provisions of this chapter, whether as proceeds from the issue of bonds, as revenues, or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. Source. 1986, 203:14, eff. June 3, 1986.
Section 237-A:11 – Investment of Funds.
237-A:11 Investment of Funds. – Moneys in any fund or account created under the provisions of this chapter, subject to the terms and provisions of any trust or security agreement or resolution applicable thereto, may be invested in accordance with RSA 6:7 and 8. Except as otherwise provided by any such trust or security […]