reglab/housing_qa huggingface dataset:
NH Rev Stat § 374-C:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:8 - Agreement by State.

    374-C:8 Agreement by State. –||The state does pledge to and agree with the holders of the bonds or notes issued pursuant to authority contained in this chapter that the state will not limit or restrict the rights hereby vested in the bank to purchase, acquire, hold, sell or dispose of utility bonds or other investments or to make loans to public utilities or to establish and collect such fees or other charges as may be convenient or necessary to produce sufficient revenues to meet the expenses of operation of the bank, and to fulfill the term of any agreements made with the holders of its bonds or notes authorized by this chapter or in any way impair the rights or remedies of the holders of such bonds or notes until the bonds and notes, together with interest thereon, and interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of such holders are fully met, paid and discharged.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:9 - Legal Investments.

    374-C:9 Legal Investments. –||To the extent that other securities of a public utility are legal investments under state law, the state and all public officers, and agencies thereof, public utilities, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or notes issued pursuant to this chapter, and such bonds or notes shall be authorized security for any and all public deposits.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:10 - Exemption From Taxes, Levy and Sale.

    374-C:10 Exemption From Taxes, Levy and Sale. –||I. All property of the public utility division of the bank is hereby declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the state or any subdivision thereof. All bonds or notes issued pursuant to this chapter are hereby declared to be issued by a body corporate and public of this state and for an essential public and governmental purpose and such bonds and notes, and the interest thereon and the income therefrom, and all fees, charges, funds, revenues, income and other moneys pledged or available to pay or secure the payment of such bonds or notes, or interest thereon, shall at all times be exempt from taxation except for transfer, inheritance and estate taxes.||II. All property of the public utility division of the bank shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same nor shall any judgment against the bank be a charge or lien upon its property; provided, that nothing herein contained shall apply to or limit the rights of the holder of any bonds or notes to pursue any remedy for the enforcement of any pledge or lien given by the bank on its revenues or other moneys.|||Source. 1979, 498:2. 1981, 315:12, eff. Aug. 16, 1981.|
NH Rev Stat § 374-C:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:11 - Insurance or Guaranty.

    374-C:11 Insurance or Guaranty. –||The bank is authorized and empowered to obtain from any department or agency of the United States of America or from any nongovernmental insurer any insurance or guaranty (to the extent now or hereafter available) as to, or of, or for, the payment or repayment of, interest or principal, or both, or any part thereof, on any bonds or notes issued by the bank, or on any utility bonds of public utilities purchased or held by the bank pursuant to the provisions of this chapter and, notwithstanding any other provisions of this chapter, to enter into any agreement or contract whatsoever with respect to any such insurance or guaranty except to the extent that the same would in any way impair or interfere with the ability of the bank to perform and fulfill the terms of any agreement made with the holders of the bonds or notes of the bank.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:12 - Federal Funds; Withholding of Moneys.

    374-C:12 Federal Funds;  Withholding of Moneys. –||I. The state treasurer is hereby authorized to receive from the United States of America or any department or agency thereof any amounts of money as and when appropriated, allocated, granted, turned over or in any way provided for the purposes of this chapter, and said amounts shall be paid to the bank and be available to the bank.||II. Any funds or moneys in the custody or control of the state treasurer whether the same shall become available by reason of any grant, allocation or appropriation by the United States of America or the state or agencies thereof to assist any public utility in payment of its utility bonds owned or held by the bank, or required by the terms of any other law to be paid to holders or owners of utility bonds of a public utility upon failure or default of a public utility to pay the principal of or interest on its utility bonds as and when due and payable, shall, to the extent that any such funds or moneys be applicable with respect to utility bonds of a particular public utility which are then owned or held by the bank and as to which such public utility has failed or defaulted to make payment of principal or interest as and when due, be paid to the bank for deposit in the reserve fund and made available to the bank.||III. To the extent that the state treasurer shall be the custodian at any time of any funds of moneys due or payable to a public utility at any time subsequent to written notice to the state treasurer from the bank to the effect that such public utility has not paid or is in default as to the payment of principal of or interest on any utility bonds of such public utility then held or owned by the bank, the state treasurer shall withhold the payment of such funds or moneys from such public utility until the amount of such principal or interest then due and unpaid has been paid to the bank, or the state treasurer has been advised that arrangements, satisfactory to the bank, have been made for the payment of such principal and interest.|||Source. 1979, 498:2. 1981, 315:3, eff. Aug. 16, 1981.|
NH Rev Stat § 374-C:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:13 - Additional Powers.

    374-C:13 Additional Powers. –||In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter and in RSA 35-A, shall have the following powers:||I. To charge for its costs and services in review or consideration of any proposed loan to a public utility or purchase of utility bonds of such public utility, and to charge therefor whether or not such loan shall have been made or such utility bonds shall have been purchased;||II. In connection with any loan to a public utility, to consider the need, desirability or eligibility of such loan and the ability of such public utility to secure borrowed money from other sources and the costs thereof;||III. To fix and establish any and all terms and provisions with respect to any purchase of utility bonds by the bank, including date and maturities of such bonds, provision as to redemption or payment prior to maturity, and any and all other matters which in connection therewith are necessary, desirable or advisable in the judgment of the bank;||IV. To the extent permitted under its contracts with the holders of bonds or notes of the bank, to consent to any modification with respect to rate of interest, time and payment of any installment of principal or interest, security or any other term or bond or note, contract or agreement of any kind to which the bank is a party;||V. In connection with any loan to a public utility, to request any material gathered relative to the financing of the manufacture of energy and its generation and improvements thereto by any agency or subdivision of the state or from any other person having such material; and||VI. To apply for, accept, receive and expend any grants or other moneys that may be made available to it by the federal government or any other public or private source for the purposes of this chapter, including the conducting of research and studies of the feasibility of projects which may be undertaken by public utilities and financed by the bank under this chapter.|||Source. 1979, 498:2. 1981, 315:14, eff. Aug. 16, 1981.|
NH Rev Stat § 374-C:15 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:15 - Waiver of Defenses; Rights of Holders.

    374-C:15 Waiver of Defenses;  Rights of Holders. –||Upon the sale and issuance of any utility bonds to the bank by any public utility, such public utility shall be held and be deemed to have agreed that, in the event of the failure of such public utility to pay the interest on or the principal of any of such utility bonds owned or held by the bank as and when due and payable, such public utility shall have waived all and any defenses to nonpayment, the bank shall thereupon constitute a holder or owner of such utility bonds as being in default, and that, notwithstanding the provisions of any other law as to time or duration of default or percentage of holders or owners of bonds entitled to exercise rights of such holders or owners of bonds in default, or to invoke any remedies or powers thereof or of any trustee in connection therewith or of any board, body, agency or commission of the state having jurisdiction in such matter or circumstance, the bank may then and thereupon avail itself of all other remedies, rights and provisions of law applicable in such circumstance, and that the failure to exercise or exert any such rights or remedies within any time or period provided by law shall not be raised as a defense by such public utility, and that all of the bonds of the issue of bonds of such public utility as to which there has been such nonpayment shall for all of the purposes of this section be held and be deemed to have become due and payable and to be unpaid. The bank is hereby authorized and empowered to carry out the provisions of this section and to exercise all of the rights and remedies and provisions of law herein provided or referred to.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:16 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:16 - Cooperation by State Agencies.

    374-C:16 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 requested by the bank. All of such officers, departments, boards, agencies, divisions and commissions are authorized and directed to comply promptly with any such reasonable request by the bank as to the making of any study or review as to desirability, need, cost or expense with respect to any such energy manufacture or generation project or improvement, or the financial feasibility thereof or the financial or fiscal responsibility or ability in connection therewith of any public utility making application for loan to the bank and for the purchase by the bank of utility bonds to be issued by such public utility. The cost and expense of any services requested by the bank shall, at the request of the officer, department, board, agency, division or commission rendering such service, be met and provided for by the bank.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:17 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:17 - Agreements With Financial Institutions.

    374-C:17 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 connection with the care, custody or safekeeping of utility bonds or other investments held or owned by the bank and services in connection with the payment or collection of amounts due and payable as to principal or interest, and for services in connection with the delivery to the bank of utility bonds or other investments purchased by it or sold by it, and to pay the cost of such services. The bank is further authorized and empowered, in connection with any of such services to be rendered by any such banks, trust companies or banking or financial institutions as to the custody and safekeeping of any of its utility bonds or investments, to require security in the way of collateral bonds, surety agreements or security agreements in such form and in such amount as, in the opinion of the bank, is necessary or desirable for the purpose of the bank.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:18 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:18 - Effectuation of Purposes.

    374-C:18 Effectuation of Purposes. –||In order to effectively carry out its purpose under this chapter of making loans to public utilities by purchase of the utility bonds of such public utilities, and by receipt of its income from service charges and from payments of interest on and the maturing principal of utility bonds purchased and held by it, and in order to produce revenues or income to the bank sufficient at all times to meet its costs and expenses of operation under this chapter and to pay the principal of and interest on its outstanding bonds and notes when due, the bank shall at all times, and to the greatest extent possible, so plan to issue its bonds and notes and so lend money to public utilities by the purchase of utility bonds of public utilities so that the aforesaid intention and purpose is achieved without in any manner or respect jeopardizing any rights of the holders of bonds or notes of the bank or affecting other matters provided for in or pursuant to this chapter.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:19 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:19 - Form of Investments.

    374-C:19 Form of Investments. –||All utility bonds or other investments of moneys of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form (subject to provisions for any registration in the name of the bank). All utility bonds at any time purchased, held or owned by the bank shall upon delivery to the bank be accompanied by all documentation customary in the utility bond market, including opinion of counsel, certification and guaranty as to signatures, and certification as to absence of litigation, and such other or further documentation as shall from time to time be required by the bank.|||Source. 1979, 498:2. 1981, 315:16, eff. Aug. 16, 1981.|
NH Rev Stat § 374-D:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-D - Municipal Small Scale Power Facility Bonds|Section 374-D:1 - Definitions.

    374-D:1 Definitions. –||For the purposes of this chapter:||I. "Bond" or "note" means a bond or note or other evidence of indebtedness issued under this chapter by a municipality, the payment of principal or interest of which is secured by the revenues derived from a small scale power facility, the full faith and credit and taxing power of such municipality, or any combination thereof.||II. "Governing board" means the selectmen of a town, and the commissioners or comparable officers of a county or village district.||III. "Municipality" means any county, city, town, or village district within the state.||IV. "Small scale power facility" or "facility" means a facility which produces electrical energy solely by the use, as a primary energy source, of biomass, waste, geothermal energy, renewable resources including but not limited to the flow of water, or any combination thereof and which has a rated capacity of not more than 80 megawatts. Such facility shall include all other equipment and structures designed to generate, distribute, and transmit electrical energy either to or from such facility.|||Source. 1981, 545:6, eff. Aug. 29, 1981.|
NH Rev Stat § 374-D:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-D - Municipal Small Scale Power Facility Bonds|Section 374-D:2 - Powers.

    374-D:2 Powers. –||Municipalities may design, develop, acquire, and construct small scale power facilities at sites owned or leased by them or otherwise made available to them for a period at least equal to the term of any financing undertaken under this chapter. Municipalities may operate, or may enter into contracts for the operation of, such facilities on such terms and conditions as the governing board may determine. Power produced by such facilities may be transmitted and distributed by a municipality to any user of power or to any public utility, at such price and on such terms and conditions as may be agreed to by the governing board.|||Source. 1981, 545:6, eff. Aug. 29, 1981.|
NH Rev Stat § 374-D:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-D - Municipal Small Scale Power Facility Bonds|Section 374-D:3 - Authorization and Issuance of Bonds.

    374-D:3 Authorization and Issuance of Bonds. –||I. Any municipality, when authorized by a 2/3 vote as prescribed in RSA 33, may borrow money through the issuance of bonds or notes to finance the design, development, and acquisition or construction costs, or its share of such costs, of a small scale power facility. Such costs to be financed may include the costs of all equipment necessary for the production, distribution, and transmission of electrical energy, the cost of the site of such facility, if acquired, or any lease payments required to be made before placing the facility in operation, costs for structures housing such equipment, costs for fish passageways and other measures to mitigate environmental or recreational damage, interest charges accruing before, during, and for a reasonable period after the construction of such facility, such reserves for debt service or other capital or current expenses as may be required by a trust agreement or resolution securing such notes or bonds, and all other expenses incidental to the determination of the feasibility of any small scale power facility or to the acquisition, construction, and placing of such facility in operation, or the issuance of bonds or notes to finance it.||II. The vote under which bonds or notes are authorized shall state whether the principal and interest thereon is to be secured by the revenues derived from the facility or the full faith and credit and taxing power of the municipality, or both.||III. The bonds or notes issued under this chapter may be in term or serial form, may mature at any time or times not exceeding 50 years from the date of issue, and may be made redeemable before maturity with or without premiums. The provisions of RSA 33:2 shall not apply to bonds issued under this chapter. All signatures required to be on such bonds or notes may be either manual or by facsimile. Such bonds or notes shall bear the seal of the municipality or a facsimile of such seal.||IV. In case any officer whose signature or a facsimile of whose signature shall appear on any bonds or notes issued under this chapter shall cease to be such officer before the delivery of such bonds or notes, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes, the same as if he had remained in office, until after such delivery.||V. The bonds may be issued in registered or bearer form and may contain provisions for exchanging one form for the other. Subject to this chapter and the authorizing vote, the municipality may sell the bonds in such manner, either at public or private sale, for such price as the governing board may determine will best effect the purpose of this chapter.||VI. Prior to the preparation of definitive bonds, the municipality may issue interim receipts or temporary bonds exchangeable for definitive bonds when such bonds shall have been executed and are available for delivery.|||Source. 1981, 545:6, eff. Aug. 29, 1981.|
NH Rev Stat § 374-D:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-D - Municipal Small Scale Power Facility Bonds|Section 374-D:4 - Notes.

    374-D:4 Notes. –||In anticipation of the issuance of bonds under this chapter, a municipality may issue notes under RSA 33:7-a in the manner provided, except that such notes shall be payable within 8 years from their respective dates, and the principal of and interest on notes issued for a shorter period may be renewed or paid from time to time by the issue of other notes under this chapter. Such notes, except as they may be renewed or refunded under this chapter, shall be payable only from such sources as the vote authorizing the bonds may specify. Unless otherwise provided in the authorizing vote, the municipality may cause notes to be refunded to the extent provided in this chapter.|||Source. 1981, 545:6, eff. Aug. 29, 1981.|
NH Rev Stat § 374-D:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-D - Municipal Small Scale Power Facility Bonds|Section 374-D:6 - Investment of Proceeds.

    374-D:6 Investment of Proceeds. –||Subject to any applicable trust agreement or resolution, the proceeds of bonds or notes issued under this chapter and any moneys governed by a 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 Deposit Insurance Corporation or in obligations issued or guaranteed by the United States, or by any agency or instrumentality of the United States, or as may be provided by any other applicable law.|||Source. 1981, 545:6, eff. Aug. 29, 1981.|
NH Rev Stat § 374-D:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-D - Municipal Small Scale Power Facility Bonds|Section 374-D:7 - Bonds and Notes Payable Solely From Certain Funds.

    374-D:7 Bonds and Notes Payable Solely From Certain Funds. –||If bonds and notes are issued under this chapter which are not secured by the full faith and credit and the taxing power of the municipality, such bonds or notes shall be payable solely from the funds provided for such bonds and notes under this chapter. The liability of the municipality from other funds is limited to obligations undertaken by the municipality to pay for the electricity used by the municipality, and a statement to this effect shall be included on the face of such bonds and notes.|||Source. 1981, 545:6, eff. Aug. 29, 1981.|