reglab/housing_qa huggingface dataset:
NH Rev Stat § 35:11 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:11 - Payments from Surplus.

    35:11 Payments from Surplus. –||Whenever any town shall have voted to transfer any accumulated surplus to the capital reserve fund, the town clerk shall forward to the board of selectmen and to the town treasurer, within 10 days of the adoption of such vote, a certified copy of the same. The selectmen shall then draw an order on the town treasurer for the amount of surplus set forth in said vote. The town treasurer shall on receipt of the order immediately transfer to the trustees of trust funds of the town the amount specified in the order, or in the case of an optional fiscal year town, within 10 days of the determination of surplus following the close of the fiscal year.|||Source. 1947, 91:2, par. 8a. RSA 35:11. 1993, 176:7, eff. Aug. 8, 1993.|
NH Rev Stat § 35:12 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:12 - Appropriation.

    35:12 Appropriation. –||Whenever the vote of the town is to appropriate any sum for the capital reserve fund pursuant to RSA 35:5, the same duties shall devolve upon the town clerk, selectmen, and town treasurer, as specified in RSA 35:11, except that the order must be drawn, and the sum transferred on or before December 15 following the vote, or, in the case of an optional fiscal year town, after July 1, but no later than June 15, of the fiscal year for which the sum was appropriated.|||Source. 1947, 91:2, par. 8b. RSA 35:12. 1993, 176:8, eff. Aug. 8, 1993. 2000, 224:5, eff. July 31, 2000. 2014, 32:3, eff. July 26, 2014. 2017, 127:2, eff. Aug. 15, 2017.|
NH Rev Stat § 35:13 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:13 - School or Village District.

    35:13 School or Village District. –||When a capital reserve fund is established by a school or village district, the same duties shall devolve upon the clerk of the school or village district, the members of the school board or the commissioners of the village district, the treasurer of the school district or the treasurer of the village district, as are prescribed in RSA 35:11 and 35:12 for the corresponding town officers.|||Source. 1947, 91:2, par. 8c, eff. April 15, 1947.|
NH Rev Stat § 35:14 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:14 - Penalty.

    35:14 Penalty. –||Any of the above officers failing to perform the duties above set forth, shall be guilty of a violation for every week said failure shall continue.|||Source. 1947, 91:2, par. 8d. RSA 35:14. 1973, 531:9, eff. Oct. 31, 1973, at 11:59 p.m.|
NH Rev Stat § 35:15 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:15 - Expenditures.

    35:15 Expenditures. –||I. Persons holding said capital reserve funds in trust, as provided in this chapter, shall hold the same until such time as the town, district or county shall have voted to withdraw funds from such capital reserve fund or shall have named agents of the town, district or county to carry out the objects designated by the town, district or county, in the manner prescribed by RSA 35:3.||II. Expenditures from any fund established for the acquisition of land pursuant to RSA 35:1 shall be made only as authorized:||(a) By a majority vote of the legal voters present and voting at an annual or special meeting, in the case of a town, school district or village district, or by majority vote of the county delegation, in the case of a county, or||(b) By the selectmen, appointed as agents pursuant to RSA 41:14-a, provided that the selectmen shall not have authority to expend any sum in excess of the amount contained in any capital reserve account created for the purchase of land other than any grant moneys which may be received.||III. (a) Notwithstanding the prohibition of debt retirement fund establishment in RSA 33:2, capital reserve funds may be used for multiple payments under a financing agreement for the purpose for which the capital reserve was established, including a lease/purchase agreement. ||(b) If agents have been named according to RSA 35:15, then no further vote is required to disburse funds following the initial vote which ratified the financing agreement.||IV. In the case of a water works or sewer department, as provided in RSA 35:7, the governing body, water board, or the water or sewer commissioners if any, shall determine when expenditures from said reserve shall be made.||V. In all cases, expenditures from a capital reserve fund shall be made only for or in connection with the purposes for which said fund was established or as amended as provided in RSA 35:16.|||Source. 1943, 160:9. RSA 35:15. 1985, 285:3. 1991, 167:2. 1994, 95:2, eff. July 8, 1994. 1998, 43:1, eff. July 4, 1998. 2001, 187:1, eff. Sept. 3, 2001. 2007, 178:3, eff. Aug. 17, 2007. 2021, 105:2, Pt. III, Sec. 1, eff. Aug. 30, 2021.|
NH Rev Stat § 35:16 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:16 - Change of Purpose.

    35:16 Change of Purpose. –||After the purpose for which a capital reserve fund is established has been determined, no change shall be made in the purpose for which said fund may be expended unless and until such change has been authorized by a vote of 2/3 of all the voters present and voting at an annual town or district meeting, in the case of a town or district, or by vote of 2/3 of the entire membership of a county delegation, in case of a county, or by unanimous vote of the water board or commissioners of the water department, in the case of a water works department, as provided in RSA 35:7.|||Source. 1943, 160:10, eff. May 5, 1943.|
NH Rev Stat § 35:16-a (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:16-a - Discontinuing Fund.

    35:16-a Discontinuing Fund. –||Any town, school district, village district or county which has established a capital reserve fund pursuant to the provisions of this chapter may, as provided by RSA 35:3, vote to discontinue such capital reserve fund. If such fund is discontinued, the trustees of the trust fund holding the account for said fund shall pay all the monies in such fund to the town, district or county treasury as applicable.|||Source. 1977, 287:1, eff. Aug. 26, 1977.|
NH Rev Stat § 35:17 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:17 - Audit; Records.

    35:17 Audit;  Records. –||The accounts of the persons holding capital reserve funds shall be audited annually by the auditor of the town, in the case of a town, district, or water works department, or by the commissioner of revenue administration, in the case of a county, the securities shall be exhibited to said auditor or commissioner, and said auditor or commissioner shall certify the facts found by the audit and the list of all securities held. Said persons holding said funds shall keep a record of all such capital reserve funds in a record book, which shall be open to the inspection of all persons of their town, district, or county respectively.|||Source. 1943, 160:11. RSA 35:17. 1973, 544:8, eff. Sept. 1, 1973.|
NH Rev Stat § 35:18 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35 - Capital Reserve Funds of Counties, Towns, Districts, and Water Departments|Section 35:18 - Disbursements.

    35:18 Disbursements. –||No person holding in custody such capital reserve fund shall make any payment of income or principal or authorize the same to be done except in accordance with the provisions hereof. Whoever violates the provisions of this section shall be guilty of a misdemeanor if a natural person, or guilty of a felony if any other person.|||Source. 1943, 160:12. RSA 35:18. 1973, 529:5, eff. at 11:59 P.M., Oct. 31, 1973.|
NH Rev Stat § 35-A:1 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:1 - Declaration of Purpose.

    35-A:1 Declaration of Purpose. –||It is hereby declared to be in the public interest and to be the policy of the state to foster and promote by all reasonable means the provision of adequate markets and facilities for borrowing money by governmental units, as defined herein, for the financing of their public improvements and other municipal purposes from proceeds of bonds or notes issued by such governmental units, and to assist such governmental units in fulfilling their needs for such purposes by creation of indebtedness and to the extent possible to encourage continued investor interest in the bonds or notes of such governmental units as sound and preferred securities for investment. It is in the public interest and it is the policy of the state to encourage its governmental units to continue their independent undertakings of public improvements and new municipal purposes and the financing thereof and to assist them therein by making funds available at reduced interest costs for orderly financing of such public improvements and other municipal purposes, particularly for those governmental units not otherwise able readily to borrow for such purposes at reasonable rates of interest. It is further declared that credit and municipal bond market conditions require the exercise of the powers of the state in the interest of its governmental units to further and implement such policies by authorizing a state instrumentality to be created as a body corporate and politic to have full powers to borrow money and to issue its bonds and notes to make funds available through the facilities of such instrumentality at reduced rates and on more favorable terms for borrowing by such governmental units through the purchase by such instrumentality of the bonds or notes of such governmental units in fully marketable form and by granting broad powers to such instrumentality to accomplish and to carry out the aforesaid policies of the state which are in the public interest of the state and of its taxpayers and residents.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:2 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:2 - Citation.

    35-A:2 Citation. –||This chapter shall be known as, and may be cited as, the New Hampshire municipal bond bank law.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:3 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:3 - Definitions.

    35-A:3 Definitions. –||The following words or terms as used in this chapter shall have the following meanings unless a different meaning clearly appears from the context:||I. "Chapter" means this New Hampshire municipal bond bank law.||II. "Bank" means the New Hampshire municipal bond bank created and established by RSA 35-A:4.||III. "Bonds" means bonds of the bank issued pursuant to this chapter.||IV. "Fully marketable form" means a municipal security duly executed and accompanied by an approving legal opinion of a bond counsel of recognized standing in the field of municipal law whose opinions have been and are accepted by purchasers of like municipal bonds, provided that the municipal security so executed need not be printed or lithographed nor be in more than one denomination.||V. "General fund" means the fund created or established as provided in RSA 35-A:13.||VI. "Governmental unit" means any county, city, town, school district, village district or other body corporate and politic having the power either to levy taxes, or to provide for rates, charges, or assessments, whether established by general law or by special statute.||VII. "Municipal bond" means a bond or note or evidence of debt issued by a governmental unit and payable from either taxes, or from rates, charges or assessment, but shall not include any bond or note or evidence of debt issued by any other state or any public body or municipal corporation thereof.||VIII. "Notes" means any notes of the bank issued pursuant to this chapter.||IX. "Reserve fund" means any of the New Hampshire municipal bond bank reserve funds created or established as provided in RSA 35-A:11.||X. "Revenues" means all fees, charges, moneys, profits, payments of principal of or interest on municipal bonds and other investments, gifts, grants, contributions, appropriations and all other income derived or to be derived by the bank under this chapter.|||Source. 1977, 491:1, eff. July 1, 1977. 2003, 281:7, eff. July 18, 2003.|
NH Rev Stat § 35-A:5 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:5 - Loans of Money; State Not Liable.

    35-A:5 Loans of Money;  State Not Liable. –||I. The bank, for the purposes authorized by this chapter, is hereby authorized and empowered to lend money to governmental units through the purchase by the bank of municipal bonds of governmental units in fully marketable form. The bank, for the purposes authorized by this chapter, is hereby authorized and empowered to authorize and issue its bonds and notes payable solely from the revenues or funds therefor available to the bank, and to otherwise assist governmental units as provided in this chapter.||II. Bonds and notes of the bank issued under the provisions of this chapter shall not be in any way a debt or liability of the state and shall not create or constitute any indebtedness, liability or obligation of the state or be or constitute a pledge of the faith and credit of the state but all such bonds and notes, unless funded or refunded by bonds or notes of the bank, shall be payable solely from revenues or funds pledged or available for their payment as authorized herein. Each bond and note shall contain on its face a statement to the effect that the bank is obligated to pay the principal thereof and the interest thereon only from revenues or funds of the bank and that the state is not obligated to pay such principal or interest and that neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on such bonds or notes.||III. All expenses incurred in carrying out the provisions of this chapter shall be payable solely from revenues or funds provided or to be provided under the provisions of this chapter and nothing in this chapter shall be construed to authorize the bank to incur any indebtedness or liability on behalf of or payable by the state.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:7 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:7 - Prohibited Acts.

    35-A:7 Prohibited Acts. –||Nothing contained in this chapter shall be construed to authorize or to empower the bank:||I. To make loans of money to any person, firm or corporation other than a governmental unit, or to purchase securities issued by any person, firm or corporation other than a governmental unit or for investment except as provided in this chapter, or||II. To emit bills of credit, or to accept deposits of money for time or demand deposit, or to administer trusts, or to engage in any form or manner in, or in the conduct of, any private or commercial banking business, or to act as a savings bank or savings and loan association, or||III. To be or to constitute any bank or trust company within the jurisdiction or under the control of the bank commissioner or the Comptroller of the Currency of the United States of America or the department of the treasury thereof, or||IV. To be or to constitute any bank, banker or dealer in securities within the meaning of or subject to the provisions of any securities, securities exchange, or securities dealers law, of the United States of America or of this state or of any other state.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:10 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:10 - Effect of Pledge.

    35-A:10 Effect of Pledge. –||Any pledge of revenues or other moneys made by the bank 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 bank shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the bank, irrespective of whether such parties have notice thereof. Neither the resolution, trust indenture nor any other instrument by which a pledge is created need be filed or recorded in order to establish and perfect a lien or security interest in the property so pledged.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:12 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:12 - Requests for Appropriations.

    35-A:12 Requests for Appropriations. –||I. To assure the continued operation and solvency of the bank for the carrying out of its corporate purposes, the chairperson of the bank shall, not later than 10 days following the failure of a governmental unit to make a scheduled payment of principal of or interest on a municipal bond sold to the bank, which failure causes the amount in the bond reserve fund established under RSA 35-A:11 to fall below the bond reserve fund requirement therefor, submit to the chairperson of the house finance committee a written request for an appropriation for the sum, if any, required to insure that the bond reserve fund established under RSA 35-A:11 equals the bond reserve fund requirement therefor. The chairperson of the house finance committee shall process the request for legislative action. All sums appropriated by the general court, if any, paid to the bank pursuant to this section shall be deposited by the bank in the said bond reserve fund.||II. All amounts paid over to the bank by the state pursuant to this section shall constitute and be accounted for as advances by the state to the bank and, subject to the rights of the holders of any bonds or notes of the bank theretofore or thereafter issued, shall be repaid to the state without interest from all available operating revenues of the bank in excess of amounts required for the payment of obligations of the bank, the bond reserve funds and operating expenses.|||Source. 1977, 491:1. 1985, 116:4. 1995, 9:14, eff. June 11, 1995. 2013, 107:1, eff. Aug. 23, 2013.|
NH Rev Stat § 35-A:13 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:13 - General Fund.

    35-A:13 General Fund. –||I. The bank shall establish and maintain a fund called the "general fund" which shall consist of and in which there shall be deposited (1) fees received or charges made by the bank for use of its services or facilities, (2) any moneys which the bank shall transfer thereto from the reserve fund pursuant to RSA 30-A:11, II, (3) moneys received by the bank as payments of principal of or interest on municipal bonds purchased by the bank, or received as proceeds of sale of any municipal bonds or investment obligations of the bank, or received as proceeds of sale of bonds or notes of the bank, and required under the terms of any resolution of the bank or contract with the holders of its bonds or notes to be deposited therein, and (4) any moneys required under the terms of any resolution of the bank or contract with the holders of its bonds or notes to be deposited therein, and (5) any moneys transferred thereto from any other fund or made available for the purpose of the fund by the state or for the operating expenses of the bank. Any such moneys in the general fund may, subject to any contracts between the bank and its bondholders or noteholders, be transferred to the reserve fund, or if not so transferred, shall be used for the payment of the principal of or interest on bonds or notes of the bank when the same shall become due and payable, whether at maturity or upon redemption including payment of any premium upon redemption prior to maturity, and any moneys in the general fund may be used for the purchase of municipal bonds and for all other purposes of the bank including payment of its operating expenses.||II. No amount shall be paid or expended out of the general fund or from any account therein (which account the bank may establish therein for the purpose of payment of its operating expenses) for operating expenses of the bank in any year in excess of the amount provided for the operating expenses of the bank by the annual budget then in effect with respect to such year or any amendment thereof in effect at the time of such payment or expenditure for operating expenses.||III. The bank may at any time use any available moneys in the general fund for the purchase of its bonds or notes or for the redemption thereof, and any such bonds purchased for retirement shall be thereupon cancelled.||IV. The bank is hereby authorized and empowered to create and establish in the general fund such accounts, subaccounts or special accounts which in the opinion of the bank are necessary, desirable or convenient for the purposes of the bank under this chapter.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:14 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:14 - Additional Accounts.

    35-A:14 Additional Accounts. –||The bank may establish such additional and further reserves or such other funds or accounts as may be, in its discretion, necessary, desirable or convenient to further the accomplishment of the purposes of the bank or to comply with the provisions of any agreement made by or any resolution of the bank.|||Source. 1977, 491:1, eff. July 1, 1977.|
NH Rev Stat § 35-A:16 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 35-A - New Hampshire Municipal Bond Bank|Section 35-A:16 - Directors and Agents Not Liable.

    35-A:16 Directors and Agents Not Liable. –||Neither the members of the bank nor any person executing bonds or notes issued pursuant to this chapter shall be liable personally on such bonds or notes by reason of the issuance thereof.|||Source. 1977, 491:1, eff. July 1, 1977.|