374-B:1 Definitions. – In this chapter: I. "Commission" means the public utilities commission. II. "Electric power facilities" means generating units rated 25 megawatts or above and transmission facilities rated 69 kilovolts or above. III. "Municipality" means a city, town or village district engaged in the generation and sale or the purchase and sale of […]
374-B:10 Investment Securities. – Notwithstanding any provision of this chapter or any recitals in any bonds and notes issued under this chapter, all such bonds and notes shall be deemed to be investment securities under RSA 382-A. Source. 1975, 501:1, eff. June 24, 1975.
374-B:11 Tax Exemption. – The bonds and notes issued under this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free from taxation within the state. Source. 1975, 501:1, eff. June 24, 1975.
374-B:12 Revenue Refunding Bonds. – Any municipality having bonds outstanding under this chapter, when authorized by a 3/5 vote as defined in RSA 33:8 for towns and village districts and in RSA 33:9 for cities, may issue refunding bonds for the purpose of paying bonds issued by or on its behalf, at maturity or […]
374-B:13 No Other Proceedings Required; Issuance of Bonds or Notes Under Other Authority Not Precluded. – Bonds and notes may be issued under this chapter without the consent of any department, division, commission or agency of the state or of any political subdivision thereof and without any proceedings or the happening of any other […]
374-B:14 Payments in Lieu of Taxes. – In connection with all sales, use and excise taxes imposed with respect to electric power facilities, materials included or to be included therein, or energy produced thereat and sold at wholesale therefrom, by any laws of the state, a municipality participating in an electric power facility by […]
374-B:15 Applicability of Chapter. – This chapter shall be applicable only to such cities, towns and village districts as on January 1, 1975, met the definition of "municipality" as defined in RSA 374-B:1, III, and to such additional cities, towns or village districts as begin after that date to engage in the generation and […]
374-B:16 Severability. – This chapter shall be construed in all respects so as to meet all constitutional requirements. Except as expressly provided, the provisions of this chapter shall not affect the interpretation of other laws. If any provision or clause of this chapter, or the application thereof to any person or circumstance, is held […]
374-B:2 Authorization and Issuance of Bonds. – I. Any municipality, when authorized by a 3/5 vote as defined in RSA 33:8 for bonds or notes not in excess of $100,000, or in RSA 33:8-a for other bonds or notes for towns and village districts or in RSA 33:9 for cities, may, subject to the […]
374-B:3 Temporary Notes. – In anticipation of the authorization or issue of bonds under this chapter, and subject to the approval of the commission under RSA 369:1 or RSA 369:7, a municipality, when authorized by a 3/5 vote as defined in RSA 33:8 for towns and village districts or in RSA 33:9 for cities, […]
374-B:4 Resolution or Trust Agreement Securing Bonds or Notes. – I. In the discretion of the municipality, but subject to the terms of the commission’s approval and of the authorizing vote, any bonds or notes issued hereunder may be secured by a resolution of the municipality or by a trust agreement between the municipality […]
374-B:5 Investment of Proceeds. – Subject to the trust, agreement or resolution, the proceeds of bonds or notes issued under this chapter and any other moneys governed by the trust agreement or resolution may be deposited or invested in demand deposits, time deposits or savings deposits in banks which are members of the Federal […]
374-B:6 Bonds and Notes Payable Solely From Certain Funds; Exclusion From Debt Limit. – The bonds and notes issued under this chapter shall be payable solely from the funds provided therefor hereunder, the liability of the municipality from other funds being limited to obligations undertaken by it to pay for the electricity used by […]
374-B:7 Trust Funds. – All moneys received by the municipality under this chapter shall be deemed to be trust funds to be held and applied solely as provided in this chapter; provided, however, that RSA 31:19-38 shall not apply thereto. Source. 1975, 501:1, eff. June 24, 1975.
374-B:8 Remedies. – Any holder of bonds or notes issued under this chapter, or of any of the coupons appertaining thereto, and the trustee under a trust agreement or resolution securing the same, except to the extent the rights herein given may be restricted by such trust agreement or resolution, may bring suit upon […]
374-B:9 Bonds and Notes Eligible for Investment. – Bonds and notes issued under this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, credit unions, building and loan associations, investment companies, executors, administrators, trustees and other fiduciaries, pension, […]
