reglab/housing_qa huggingface dataset:
NH Rev Stat § 34:8 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:8 - Transfer of Sums Appropriated.

    34:8 Transfer of Sums Appropriated. –||Whenever the city councils legally vote to raise and appropriate any sum for the capital reserve fund, the same duties shall devolve upon the city clerk and city treasurer, as specified in RSA 34:7, except that said sum must be transferred on or before the end of the fiscal year in which said vote is made.|||Source. 1949, 181:8, eff. May 3, 1949.|
NH Rev Stat § 34:9 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:9 - Penalty for Failure to Perform.

    34:9 Penalty for Failure to Perform. –||Any of the above officers who shall fail to perform the duties above set forth shall be guilty of a violation for every week said failure shall continue.|||Source. 1949, 181:9. RSA 34:9. 1973, 531:8, eff. at 11:59 P.M., Oct. 31, 1973.|
NH Rev Stat § 34:10 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:10 - Expenditures.

    34:10 Expenditures. –||I. The trustees of trust funds holding said capital reserve funds in trust, as hereinbefore provided, shall hold the same until such time as the city councils shall name agents of the city to carry out the objects designated by the city councils as prescribed by RSA 34:2. Expenditures from said capital reserve funds shall be made only for or in connection with the purposes for which said fund was established, or as amended as provided by RSA 34:11.||II. 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. If the financing agreement is a lease purchase agreement, the lease purchase agreement may not contain an "escape clause" or a "non-appropriation clause."|||Source. 1949, 181:10, eff. May 3, 1949. 2007, 178:2, eff. Aug. 17, 2007.|
NH Rev Stat § 34:11 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:11 - Change of Purpose.

    34:11 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 favorable vote of 3/4 of all members of the city councils or board of aldermen, for a specific capital improvement or specific item or type of equipment and such change shall be made only after a public hearing held pursuant to notice as provided in RSA 34:2.|||Source. 1949, 181:11, eff. May 3, 1949.|
NH Rev Stat § 34:11-a (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:11-a - Discontinuing Fund.

    34:11-a Discontinuing Fund. –||The authority granted by RSA 34:1 may be discontinued by the city council only after a public hearing. The public notice of such hearing shall include a statement distinctly stating the reasons for which such reserve is to be discontinued. If such fund is discontinued, the trustees of trust funds holding the account for such fund shall pay all the moneys in such fund if any, to the city treasury as applicable.|||Source. 1995, 137:2, eff. May 24, 1995.|
NH Rev Stat § 34:12 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:12 - Audit; Records.

    34:12 Audit;  Records. –||The accounts of the trustees of trust funds holding the capital reserve funds shall be audited annually by the city auditor, the securities shall be exhibited to said auditor, and said auditor shall certify the facts found by the audit and the list of all securities held. Said trustees holding said funds shall keep a record of all such capital reserve funds in a record book, which shall be open to public inspection.|||Source. 1949, 181:12, eff. May 3, 1949.|
NH Rev Stat § 34:13 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:13 - Disbursements.

    34:13 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. 1949, 181:13. RSA 34:13. 1973, 529:4, eff. at 11:59 P.M., Oct. 31, 1973.|
NH Rev Stat § 34:14 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:14 - Definition.

    34:14 Definition. –||Where the words "trustees of trust funds" are used herein they shall be construed to mean the board in any city which is charged, by the city charter, with duties of town trustees of trust funds.|||Source. 1949, 181:14, eff. May 3, 1949.|
NH Rev Stat § 34:15 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:15 - Application of Chapter.

    34:15 Application of Chapter. –||The provisions of any city charter inconsistent with the provisions hereof are hereby repealed to the extent of such inconsistency.|||Source. 1949, 181:15, eff. May 3, 1949.|
NH Rev Stat § 34:16 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 34 - Capital Reserve Funds for Cities|Section 34:16 - Professional Banking or Brokerage Assistance.

    34:16 Professional Banking or Brokerage Assistance. –||I. Any trustee or trustees of trust funds having custody of capital reserve funds authorized by this chapter may contract with the trust department or departments of a bank, a brokerage firm, a portfolio management department, or investment advisor in the same manner and for the same purposes as described in RSA 31:38-a, III. They may also place securities in the nominee name of a trust department or departments of a bank a brokerage firm, a portfolio management department, or investment advisor to facilitate transfers for such securities. Capital reserve fund records maintained by any bank, brokerage firm, portfolio management department, or investment advisor shall be available at all times for examination by local auditors, by independent accountants or auditors retained by a municipality, or by the auditors of the department of revenue administration; and such records shall be municipal records and property. In employing such trust departments of banks, brokerage firms, portfolio management departments, or investment advisors, the trustees may enter into contracts or agreements delegating the management of such capital reserve funds to those departments or brokerage firms subject to investment guidelines adopted by the trustees under applicable statutes and subject to at least quarterly review and approval of such management by the trustees. For purposes of this section, the terms "bank," "brokerage firm," "portfolio management department," and "investment advisor" shall have the definitions set forth in RSA 31:38-a.||II. The governing body may authorize the trustees of trust funds to charge any expenses incurred pursuant to paragraph I against the capital reserve funds involved, and such authority shall remain in effect until rescinded by the governing body. No vote by the governing body to rescind such authority shall occur within 5 years of the original adoption of such article. Any professional banking and brokerage fees incurred shall be reported in the annual report of the trustees of trust funds as expenditures out of capital reserve funds.|||Source. 2014, 32:4, eff. July 26, 2014.|
NH Rev Stat § 35:1 (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 35:1 - Establishment of Reserves Authorized.

    35:1 Establishment of Reserves Authorized. –||Any town, school district, village district, or county, as provided by RSA 35:3 may raise and appropriate money for the establishment of a capital reserve fund for the financing of all or part of the cost of:||I. The construction, reconstruction or acquisition of a specific capital improvement, or the acquisition of a specific item or specific items of equipment; or||II. The construction, reconstruction, or acquisition of a type of capital improvement or the acquisition of a type of equipment; or||III. A reappraisal by appraisers of the department of revenue administration or such other appraisers, appraisal firms or corporations approved by the commissioner of revenue administration, of the real estate in such town for tax assessment purposes; or||III-a. The acquisition of land; or||IV. The acquisition of a tax map of said town; or||V. Extraordinary legal fees and expenses related to present or foreseeable litigation involving the town or its officers and employees; or||VI. Municipal and regional transportation improvement projects including engineering, right-of-way acquisition and construction costs of transportation facilities, and for operating and capital costs for public transportation.|||Source. 1943, 160:1. RSA 35:1. 1973, 51:2. 1983, 42:2. 1985, 285:2, eff. Aug. 10, 1985. 1998, 4:3, eff. May 17, 1998.|
NH Rev Stat § 35:1-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 35:1-a - Reserve Fund in Anticipation of New Fiscal Year.

    35:1-a Reserve Fund in Anticipation of New Fiscal Year. –||Any county, city or town may establish a reserve fund in anticipation of the optional fiscal year pursuant to RSA 31:94-a through 94-d.|||Source. 1973, 96:1, eff. June 23, 1973.|
NH Rev Stat § 35:1-b (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 35:1-b - Reserve Fund for Education of Persons with Disabilities.

    35:1-b Reserve Fund for Education of Persons with Disabilities. –||Any school district may establish a reserve fund under RSA 35:1 to meet the expenses of educating children with disabilities.|||Source. 1983, 106:1. 1990, 140:2, III, X, eff. June 18, 1990. 2008, 274:31, eff. July 1, 2008.|
NH Rev Stat § 35:1-c (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 35:1-c - Non-Capital Reserve Funds Authorized.

    35:1-c Non-Capital Reserve Funds Authorized. –||Any town, school district, county, or village district may establish a reserve fund for the maintenance and operation of a specific public facility or type of facility, a specific item or type of equipment, or for any other distinctly-stated, specific public purpose that is not foreign to its institution or incompatible with the objects of its organization. Such funds shall be subject to all provisions and limitations of this chapter as are applicable to capital reserve funds. The legal validity of such a fund properly established shall not be affected by its designation as a "trust," "reserve," "capital reserve," or any other designation.|||Source. 1995, 20:6, eff. June 11, 1995.|
NH Rev Stat § 35:2 (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 35:2 - Custody of School District Reserves.

    35:2 Custody of School District Reserves. –||Whenever any capital reserve of a school district is established the same shall be held in custody by the trustees of trust funds of the town wherein the school district lies or, in case of school district embracing 2 or more towns, by the trustees of trust funds of that town which the voters of the school district may elect.|||Source. 1947, 8:2, eff. Feb. 26, 1947.|
NH Rev Stat § 35:3 (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 35:3 - Meetings.

    35:3 Meetings. –||Except as provided in RSA 35:7, the authority granted by RSA 35:1 shall be exercised only 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. The warrant for a town, school district, or village district meeting, to consider the establishment or discontinuance of such a reserve, shall include an article distinctly stating the purposes for which such reserve is to be established or was established as appropriate. In the case of a county, the authority granted in RSA 35:1 shall be exercised by a majority vote of the county delegation after a public hearing on the budget as required by RSA 24:23, RSA 24:13-c, IV, or RSA 24:14-a. The public notice of such hearing shall include a statement distinctly stating the purpose for which such reserve is to be established.|||Source. 1943, 160:2. RSA 35:3. 1977, 287:2. 1991, 167:1, eff. July 26, 1991.|
NH Rev Stat § 35:4 (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 35:4 - Exception.

    35:4 Exception. –||The authority hereby granted shall not be exercised by any city, except as may be necessary in connection with the authority granted by RSA 35:7.|||Source. 1943, 160:3, eff. May 5, 1943.|
NH Rev Stat § 35:5 (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 35:5 - Payments Into Fund.

    35:5 Payments Into Fund. –||There may be paid into any such capital reserve fund, except as provided in RSA 35:7, such amounts as may from time to time be raised and appropriated therefor under a special warrant article, from any source other than money given to the town, district, or county for charitable purposes. Such amounts shall be within the limits as provided in RSA 35:8, and any such town, district, or county may also vote to transfer to said fund, under a special warrant article in the case of a town or district, any of its unencumbered surplus funds remaining on hand at the end of any fiscal year.|||Source. 1943, 160:4, eff. May 5, 1943. 2000, 224:4, eff. July 31, 2000. 2017, 127:1, eff. Aug. 15, 2017.|
NH Rev Stat § 35:6 (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 35:6 - Funds Received in Eminent Domain Proceedings.

    35:6 Funds Received in Eminent Domain Proceedings. –||Any town, school district, village district or county which may receive funds from the United States or any agency thereof in eminent domain proceedings for the taking of its property or other public facilities or in settlement for such taking or of claims for damages to its property or other public facilities, may vote to use said funds, under a proper article in the warrant in the case of a town, school district or village district or by vote of the county delegation in the case of a county, to establish a capital reserve fund under this chapter. Funds so received shall not be subject to restriction as to investments prescribed in RSA 35:9 and may be invested in the same manner as trust funds under RSA 31:25. Funds so received may, if so voted, be used to retire existing indebtedness as well as for the purposes specified in RSA 35:1. In cases in which the United States or any agency thereof shall acquire a flowage easement in highways or bridges under the jurisdiction of a town, the town, if it votes to establish a capital reserve fund out of the funds received therefor from the United States or any agency thereof, may use such fund not only for capital improvements and capital expenditures as provided in RSA 35:1, but also for the maintenance, repair and reconstruction of the particular highways and bridges in which easements have been acquired or of such highways and bridges as may be provided in substitution therefor.|||Source. 1947, 91:1. 1951, 106:1, eff. May 11, 1951.|
NH Rev Stat § 35:7 (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 35:7 - Water Departments.

    35:7 Water Departments. –||Any water works or sewer department of a city or town, organized by general law or special act of the legislature and financed principally by water or sewer rentals, may, by unanimous vote of the body charged with the administration thereof, whether the local governing body, water board, or a board of water or sewer commissioners, establish a capital reserve fund for said department for the purposes as provided in RSA 35:1. Such reserve shall be established only from surplus from water or sewer rentals and no part thereof shall be made from appropriations by said city or town.|||Source. 1943, 160:5. 1994, 95:1, eff. July 8, 1994.|
NH Rev Stat § 35:8 (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 35:8 - Limitations on Appropriations.

    35:8 Limitations on Appropriations. –||No town, school district, or village district shall raise and appropriate in any one year for such reserve an amount in excess of 1/2 of one percent of the last base valuation for debt limit computed pursuant to RSA 33:4-b of said town or district; no county shall raise and appropriate for such reserve an amount in excess of 1/50 of one percent of the last base valuation for debt limit computed pursuant to RSA 33:4.|||Source. 1943, 160:6. 1945, 35:2. RSA 35:8. 1993, 176:6, eff. Aug. 8, 1993. 2016, 114:1, eff. July 19, 2016.|
NH Rev Stat § 35:9 (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 35:9 - Investment.

    35:9 Investment. –||Each capital reserve fund shall be maintained separately on the books of the town. The assets of such funds may be pooled in order to invest in a broader range of investments to maximize growth and mitigate risk. Said capital reserve funds shall be invested only in deposits in any federally insured bank authorized to accept deposits under RSA 6:8, I and I-a, or in bonds or notes of this state, in such stocks and bonds as are legal for investment by banks chartered by this state to engage in a banking business, or in participation units in the public deposit investment pool established pursuant to RSA 383:22, or in obligations with principal and interest fully guaranteed by the United States government. The obligations may be held directly or in the form of securities of or other interests in any open-end or closed-end management-type investment company or investment trust registered under 15 U.S.C. section 80a-1 et seq., if the portfolio of the investment company or investment trust is limited to such obligations and repurchase agreements fully collateralized by such obligations. When so invested the trustees hereinafter named shall not be liable for the loss thereof. Any interest earned or capital gains realized on the moneys so invested shall accrue to and become a part of the individual funds on a pro rata basis. Deposits in federally or state-chartered banks shall be made in the name of the town, district, or county which holds the same as a reserve, and it shall appear upon the books thereof that the same is a capital reserve fund. Any person who directly or indirectly receives any such capital reserve funds for deposit or for investment in securities of any kind shall, prior to acceptance of such funds, make available at the time of such deposit or investment an option to have such funds secured by collateral having a value at least equal to the amount of such funds. Such collateral shall be segregated for the exclusive benefit of the town, school district, village district, or county depositing or investing such funds. Only securities defined by the bank commissioner as provided by rules adopted pursuant to RSA 383-B:3-301(e) shall be eligible to be pledged as collateral. The trustees shall formally adopt an investment policy for all investments made by them or by their agents for any trust funds in their custody in conformance with the provisions of applicable statutes. The trustees shall review and confirm the investment policy at least annually. A copy of the investment policy shall be filed with the attorney general.|||Source. 1943, 160:7. RSA 35:9. 1961, 136:8. 1991, 268:7; 383:4. 1995, 20:7, eff. June 11, 1995. 1996, 209:9, eff. Aug. 9, 1996. 2001, 54:6, eff. Jan. 1, 2002. 2007, 164:3, eff. Aug. 17, 2007. 2010, 52:1, eff. July 17, 2010. 2015, 272:42, eff. Oct. 1, 2015. 2021, 65:13, eff. Aug. 3, 2021.|
NH Rev Stat § 35:10 (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 35:10 - Trustees of Funds.

    35:10 Trustees of Funds. –||The trustees of trust funds of a town or city shall have custody of any capital reserve of a town, district or water departments therein, the trustees of trust funds as provided in RSA 35:2 shall have custody of such capital reserve of a school district, and the county treasurer of a county shall have custody of any capital reserve of his county. Said trustees or treasurer shall give bond in such amount and in such form as the commissioner of revenue administration shall prescribe, and any such trustee or treasurer who shall make any payment of income or principal from any such capital reserve fund before the approval of his bond in writing by the commissioner of revenue administration shall be personally liable to the town, district, department or county for any loss resulting from such payment, to be recovered for the town, district, department or county at the suit of any citizen. The expenses of said trustees or treasurer in said capacity and the expense of their bonds shall be charged as incidental town, district, department or county charges.|||Source. 1943, 160:8. RSA 35:10. 1973, 544:8, eff. Sept. 1, 1973.|