237-A:1 Definitions. – This chapter may be referred to as the "Turnpike System Revenue Bond Act." For purposes of this chapter, unless a different meaning clearly appears from the context, the following words shall have the following meanings: I. "Bonds" means any bonds, notes or other evidences of indebtedness issued under this chapter. II. […]
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.
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 […]
237-A:12 Agreement with Bondholders. – The state pledges to and agrees with the holders of bonds issued under this chapter that until such bonds, together with interest thereon, with interest on any unpaid installment of interest and all costs and expenses in connection with any action or proceedings by or on behalf of such […]
237-A:13 Prior Covenants and Contracts Not Affected. – The provisions of this chapter shall not in any way limit, restrict or alter the obligation or powers of the state to carry out and perform in every detail each and every promise, covenant, agreement or contract made or entered into, prior to the enactment of […]
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.
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.
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 […]
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 […]
237-A:2 Issuance of Revenue Bonds. – The state may issue bonds under this chapter to be known as "turnpike system revenue bonds." The bonds may be issued from time to time for the purpose of financing the project costs of construction of any turnpike or of paying or refunding any bonds issued pursuant to […]
237-A:3 Trust or Security Agreement or Resolution. – Any bonds issued under this chapter may be secured by a resolution or by a trust or security agreement between the state and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state, […]
237-A:4 Credit Facilities and Insurance. – Any bonds issued under authority of this chapter may be issued pursuant to lines of credit or other banking arrangements under such terms and conditions not inconsistent with this chapter, and under such agreements with the purchasers or makers thereof, as the treasurer may determine to be in […]
237-A:5 Pledge of Revenues or Other Property. – Any pledge of revenues or other property made by the state under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and other laws from the time when the pledge is made; the revenues, moneys, 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 […]
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 […]
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 […]
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 […]
