Section 374-E:6 – General Powers.
374-E:6 General Powers. – The bond bank, acting by and through the division, for carrying out the purposes of this chapter, shall have the following powers: I. To adopt bylaws and rules for the conduct of its affairs and business and for use of its services and facilities; II. To maintain an office at […]
Section 374-E:7 – Prohibited Acts.
374-E:7 Prohibited Acts. – Nothing contained in this chapter shall be construed to authorize or to empower the division: I. To make loans of money to any person, firm, or corporation other than a municipality, or to purchase securities issued by any person, firm, or corporation other than a municipality, or for investment, except […]
Section 374-E:8 – Bonds and Notes of the Division.
374-E:8 Bonds and Notes of the Division. – I. The bond bank acting by and through the division may issue bonds or notes of the division in such principal amounts as it shall deem necessary to provide funds for any purposes authorized by this chapter, including the making of loans; the payment, funding, or […]
Section 374-E:9 – Terms of Agreement With Holders of Securities.
374-E:9 Terms of Agreement With Holders of Securities. – In any resolution of the bond bank authorizing or relating to the issuance of any bonds or notes of the division under this chapter, the bond bank, in order to secure the payment of such bonds or notes and in addition to other powers granted […]
Section 374-E:10 – Effect of Pledge.
374-E:10 Effect of Pledge. – Any pledge of revenues or other moneys made by the division shall be valid and binding from the time when the pledge is made. The revenues or other moneys so pledged and thereafter received by the division shall immediately be subject to the lien of such pledge without any […]
Section 374-E:11 – Reserve Fund.
374-E:11 Reserve Fund. – I. The bond bank may create and establish on behalf of the division one or more special funds, hereafter referred to as "small scale power facility bond reserve funds", and shall pay into each such small scale power facility bond reserve fund any moneys appropriated and made available by the […]
Section 374-E:1 – Title.
374-E:1 Title. – This chapter shall be known as the "New Hampshire Municipal Bond Bank Small Scale Power Facility Act." Source. 1981, 545:7, eff. Aug. 29, 1981.