reglab/housing_qa huggingface dataset:
NH Rev Stat § 33:3 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:3 - Purpose of Issue of Bonds or Notes.

    33:3 Purpose of Issue of Bonds or Notes. –||A municipality or county may issue its bonds or notes for the acquisition of land, for economic development, for planning relative to public facilities, for the construction, reconstruction, alteration, and enlargement or purchase of public buildings, for other public works or improvements, or for the financing of improvements, of a permanent nature including broadband infrastructure as defined in RSA 38:38, I(e), to serve any location within a municipality unserved by broadband as defined in RSA 38:38, I(c) for the purchase of departmental equipment of a lasting character, and for the payment of judgments. The issuance of such bonds or notes shall include, but not be limited to, public-private partnerships involving capital improvements, loans, financing, and guarantees. The public benefit in any public-private partnership must outweigh any benefit accruing to a private party. Bonds or notes for the purposes of economic development may be issued only after the governing body of the municipality or county has held hearings and presented the public benefit findings to the public and after such issuance has been approved by the legislative body. A municipality or county shall not issue bonds or notes to provide for the payment of expenses for current maintenance and operation except as otherwise specifically provided by law.|||Source. 1917, 129:5, 6. PL 59:5, 6. RL 72:5, 6. 1953, 258:1. RSA 33:3. 1971, 34:1, eff. May 31, 1971. 1996, 55:1, eff. June 23, 1996. 2006, 225:1, eff. July 31, 2006. 2018, 118:2, eff. July 29, 2018.|
NH Rev Stat § 33:3-a (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:3-a - Use of Bond Proceeds.

    33:3-a Use of Bond Proceeds. –||I. The proceeds of any sale of bonds or notes shall be used only for the purposes for which the loan was incurred except as otherwise authorized by this section; provided, however, that any premium received shall not be used to increase the amount to be spent for the purpose for which the loan was originally incurred. The purposes for which the loan was incurred may include the payment of principal of and interest on any temporary indebtedness incurred under RSA 33:7-a and interest on any temporary indebtedness incurred under RSA 33:7-b.||II. If after notes or bonds have been issued and no expenditure of the proceeds has been made for the purpose or purposes for which the debt was incurred, or if a balance remains after the completion of the project or projects for which the debt was authorized, a city by a vote of 2/3 of the city council or a town, school district, or village district by a vote of 2/3 of the voters present and voting at an annual meeting, a county by a 2/3 vote of all the members of the county convention, a political subdivision which has adopted official ballot voting procedures pursuant to RSA 40:13 by a vote of 3/5 of those voting, and a municipality that has adopted an official ballot town council under RSA 49-D:3, I-a by a vote of 2/3 unless the municipal charter provides for a vote of 3/5, may authorize the expenditure of the sum or sums on hand, including any premiums received, for any purpose or purposes for which bonds or serial notes may be issued for an equal or longer period of time at any time which said sum or any portion thereof remains available; provided, however, that if the sum obtained by issuance of bonds or notes, as aforesaid, or any balance thereof, including any premium, is not appropriated as aforesaid, then the same shall be used to pay the principal of the loan as it matures. Only "yes" or "no" votes shall be included in the calculation of any majority.||III. Notwithstanding the provisions hereof, no appropriation for a loan or balance thereof shall be made which will increase the amount available from borrowed money for any purpose to an amount in excess of any limit imposed by general law or special act for such purpose.|||Source. 1963, 151:1. 1981, 300:4, eff. June 16, 1981. 2006, 12:1, eff. Mar. 13, 2006.|
NH Rev Stat § 33:3-b (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:3-b - Additional Purpose.

    33:3-b Additional Purpose. –||A city or town may issue its bonds or notes for the purpose of defraying the cost of a reappraisal by professional appraisers of the real estate in such city or town for tax assessment purposes, or for the acquisition of a tax map of said city or town; said bonds or notes to mature in a period of not more than 5 years from the date of issue.|||Source. 1965, 55:1, eff. June 13, 1965.|
NH Rev Stat § 33:3-c (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:3-c - Issue of Bonds for Preliminary Expenses.

    33:3-c Issue of Bonds for Preliminary Expenses. –||I. A municipality or county may issue its bonds or notes for the purpose of defraying the cost of preliminary or final plans and specifications or other preliminary expenses incidental to, or connected with, any proposed public work or improvement of a permanent nature consisting of the construction, reconstruction, alteration, enlargement, improvement, or the financing of the construction, reconstruction, alteration, enlargement, or improvement of the following:||(a) A public building.||(b) A water works.||(c) A sewerage system or sewage or waste treatment facility.||(d) A solid waste disposal or resource recovery facility.||(e) Broadband infrastructure as defined in RSA 38:38, I(e) constructed to serve any locations within a municipality unserved by broadband as defined in RSA 38:38, I(c).||II. Bonds or notes shall mature over a period of not more than 5 years from the date of issue unless they are issued at the same time as bonds or notes for the public work or improvement for which such expenses were incurred, in which case said bonds or notes shall mature over a period not exceeding the expected useful life of such public work or improvement. A municipality or county may issue its bonds or notes in accordance with this section for planning and other preliminary expenses relating to solid waste disposal or resource recovery facilities to serve the municipality or county, notwithstanding that the facilities may later be owned by a private entity, but only for such expenses incurred prior to any binding contractual commitment to a proposed private owner, and only if such bonds or notes do not constitute "private activity bonds" as defined in section 103(n)(7) of the United States Internal Revenue Code of 1954, as amended.|||Source. 1969, 201:1. 1985, 417:1, eff. Sept. 1, 1985. 2006, 225:2, eff. July 31, 2006. 2018, 118:3, eff. July 29, 2018.|
NH Rev Stat § 33:3-e (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:3-e - Superfund Site Cleanup Bonds Authorized.

    33:3-e Superfund Site Cleanup Bonds Authorized. –||A municipality may authorize the issuance of bonds, payable within 20 years from their dates of issuance, in order to pay all response costs associated with the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, 42 U.S.C. section 9601 et seq. ("CERCLA"), national priorities list site ("superfund site") in which the municipality is a named potentially responsible party. Response costs shall include, but not be limited to, costs incurred for investigation, design, remedial action, legal fees and costs, consulting fees and costs, and other costs associated with the superfund site. Any debt incurred for this purpose shall be outside the debt limit prescribed in this chapter. Such debt shall at no time be included in the net indebtedness of any municipality for the purposes of determining its borrowing capacity. In the sole discretion of the municipality, it may extend the benefits of this bonding authority to one or more of the other potentially responsible parties at the superfund site. If a municipality elects to extend such benefits, its governing body shall enter into agreements with such other potentially responsible parties, in such form as it shall deem appropriate, to provide for payments to the municipality to pay principal and interest and other related costs of the bonded indebtedness incurred by the municipality on behalf of the other party or parties. For the purposes of this subdivision, "governing body" means the board of selectmen in a town, the board of aldermen or council in a city or town with a town council, the school board in a school district or the village district commissioners in a village district, or when used to refer to unincorporated towns or unorganized places, or both, the county commissioners.|||Source. 1992, 275:2, eff. May 18, 1992.|
NH Rev Stat § 33:3-f (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:3-f - State Guarantee.

    33:3-f State Guarantee. –||I. The governor and council may award an unconditional state guarantee of the principal of and interest on bonds issued under RSA 33:3-e. The full faith and credit of the state shall be pledged for any such guarantees of principal and interest. The principal amount of the bonds guaranteed under this section shall not exceed $20,000,000.||II. The total amount awarded under RSA 33:3-e and this section to any one superfund site, however, shall not exceed $10,000,000, plus interest. The governor, with the advice and consent of the council, is authorized to draw his warrant for such a sum out of any money in the treasury not otherwise appropriated, for the purpose of honoring any guarantee awarded under this section. The state's guarantee shall be evidenced on each guaranteed bond by an endorsement signed by the state treasurer in substantially the following form:||The state of New Hampshire hereby unconditionally guarantees the payment of the whole of the principal and interest thereon of the within bond and for the performance of such guarantee the full faith and credit of the state are pledged.|____________________||||State Treasurer|||||III. In connection with the award of a state guarantee, the governor and council may impose such terms and conditions as they may deem appropriate concerning the bonds and such terms and conditions as they may deem appropriate concerning reimbursement to the state if any state funds are used to honor the guarantee. Such terms and conditions may be contained in an agreement between the state and the municipality, to be executed on behalf of the state by the governor and the state treasurer and on behalf of the municipality by its governing body.||IV. Nothing in this subdivision shall be construed to affect in any way the ultimate liability of any party, under state or federal law, for hazardous waste cleanup costs.|||Source. 1992, 275:2, eff. May 18, 1992. 2008, 49:4, eff. July 1, 2008.|
NH Rev Stat § 33:4 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:4 - Debt Limit, Counties.

    33:4 Debt Limit, Counties. –||Counties shall not incur net indebtedness to an amount, at any one time outstanding, exceeding 2 percent of the last assessed valuation thereof.|||Source. 1917, 129:7. PL 59:7. 1933, 98:1. RL 72:7. 1951, 183:1. 1953, 258:1, par. 4. RSA 33:4. 1955, 329:1, eff. Aug. 5, 1955.|
NH Rev Stat § 33:4-a (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:4-a - Debt Limit, Municipalities.

    33:4-a Debt Limit, Municipalities. –||I. Cities shall not incur net indebtedness, except for school purposes, to an amount, at any one time outstanding, exceeding 3 percent of their valuation determined as hereinafter provided.||II. Cities shall not incur net indebtedness for school purposes to an amount at any one time outstanding, determined as hereinafter provided, exceeding 7 percent of said valuation. Any debt incurred for school purposes by a city under this or any special statute heretofore or hereafter enacted shall be excluded in determining the borrowing capacity of a city for other than school purposes under the 3 percent limitation in paragraph I.||III. Towns shall not incur net indebtedness to an amount at any one time outstanding exceeding 3 percent of their valuation determined as hereinafter provided.||IV. School districts shall not incur net indebtedness to an amount at any one time outstanding exceeding 7 percent determined as hereinafter provided.||V. Village districts shall not incur net indebtedness to an amount at any one time outstanding exceeding one percent of their valuation determined as hereinafter provided.|||Source. 1955, 329:1. 1957, 120:1. 1959, 209:3, eff. Sept. 27, 1959. 1998, 72:1, eff. July 18, 1998.|
NH Rev Stat § 33:4-b (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:4-b - Debt Limit; Computation.

    33:4-b Debt Limit;  Computation. –||The debt limitations hereinbefore prescribed, except for counties, shall be based upon the applicable last locally assessed valuation of the municipality as last equalized by the commissioner of revenue administration under RSA 21-J:3, XIII and shall include the equalized value of property formerly taxed pursuant to the provisions of RSA 72:7; 72:15, I, V, VII, VIII, IX, X and XI; 72:16; 72:17; 73:26; 73:27 and 73:11 through 16 inclusive, all as amended, which was relieved from taxation by 1970, 5:3, 5:8 and 57:12, as determined under the provisions of RSA 71:11 as amended. Whenever several municipalities possessing the power to incur indebtedness cover or extend over identical territory, each such municipality shall so exercise the power to incur indebtedness under the foregoing limitations so that the aggregate net indebtedness of such municipalities shall not exceed 9.75 percent of the valuation of the taxable property as hereinbefore determined, except as provided for cooperative school districts under RSA 195:6. A written certificate signed by the commissioner of the department of revenue administration shall be conclusive evidence of the base valuation of municipalities for computing debt limits hereunder.|||Source. 1955, 329:1. 1957, 120:4. 1959, 209:4. 1970, 5:6; 57:14. 1973, 544:11, I. 1991, 306:1, eff. April 1, 1992.|
NH Rev Stat § 33:4-c (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:4-c - to 33:4-g Repealed by 1959, 209:5, eff. Sept. 27, 1959.

    33:4-c to 33:4-g Repealed by 1959, 209:5, eff. Sept. 27, 1959. –|
NH Rev Stat § 33:5 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:5 - Sewerage Systems and Sewage Treatment Works.

    33:5 Sewerage Systems and Sewage Treatment Works. –||Municipalities which have received orders from the department of environmental services to install sewage treatment works under the provisions of RSA 485-A, or to install a sewerage system or sewage treatment works under the provisions of RSA 485:27, or under RSA 147, or acts amending such statutes enacted in the future, may incur debt by the issue of bonds or notes for the construction of such sewerage systems and treatment works outside the limit of indebtedness prescribed by RSA 33:4. Such debt shall at no time be included in the net indebtedness of the municipality for the purpose of ascertaining its borrowing capacity.|||Source. 1949, 78:1. 1953, 258:1, par. 5. RSA 33:5. 1986, 202:6, I(a). 1989, 339:11, eff. Jan. 1, 1990. 1996, 228:108, eff. July 1, 1996.|
NH Rev Stat § 33:5-a (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:5-a - Water Works.

    33:5-a Water Works. –||Municipalities may incur debt for supplying the inhabitants with water or for the construction, enlargement, or improvement of water works, by the issue of bonds or notes, for such purposes, as set forth in this chapter; provided, however, that such municipalities shall not incur debt for such purposes to an amount, at any one time outstanding, exceeding 10 percent of their last locally assessed valuation as last equalized by the commissioner of revenue administration determined as provided in RSA 33:4-b. Any municipality which shall have received orders from the department of environmental services under the provisions of RSA 485 requiring the alteration, enlargement, or application of any other improvement in such facilities as will ensure fitness and safety and adequate protection of the public health may incur debt thereof by the issue of bonds or notes outside the limit prescribed herein. All debt authorized by this section, inasmuch as it is all excluded from the definition of "net indebtedness" in RSA 33:1, shall at no time be included for the purpose of calculating the borrowing capacity of the municipality for other purposes. The debt limits established by this section may be exceeded by a municipality in accordance with the procedure prescribed in and subject to the provisions of RSA 33:6.|||Source. 1957, 142:2. 1973, 544:8. 1986, 202:6, I(a), eff. Jan. 2, 1987. 1996, 228:13, eff. July 1, 1996.|
NH Rev Stat § 33:5-b (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:5-b - Voluntary Projects.

    33:5-b Voluntary Projects. –||Any city, town, village district, or other political subdivision may vote to incur debt for the purpose of installing a sewage disposal plant including treatment works or sewerage facilities or thereof, although at the time of such vote it has not received an order from the department of environmental services directing such installation under RSA 147, RSA 485, or RSA 485-A. Any such debt shall at no time be included in the net indebtedness of said city, town, village district, or other political subdivision for the purpose of ascertaining its borrowing capacity provided the approval of the governor and council hereinafter provided for is obtained.|||Source. 1957, 213:1. 1961, 120:2. 1986, 202:6, I(a), eff. Jan. 2, 1987. 1996, 228:13, eff. July 1, 1996.|
NH Rev Stat § 33:5-c (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:5-c - Approval.

    33:5-c Approval. –||Any such municipality which has voted to incur debt under the provisions of RSA 33:5-b shall submit a certified copy of the record of such action together with detailed plans of the proposed construction to the department of environmental services for review and approval, as hereinafter provided. After a review of the plans and such other independent investigation as is deemed necessary, if the department of environmental services determines that the proposed project is in the public interest, due consideration being given to the cost of said project in relation to the benefits which will accrue to public health or water pollution control, it shall furnish a report of its findings and recommendations including a recommendation concerning a state guarantee as provided for under RSA 485-A:7 to the governor and council for their approval.|||Source. 1957, 213:1. 1965, 26:1. 1986, 202:6, I(a). 1989, 339:12, eff. Jan. 1, 1990. 1996, 228:108, eff. July 1, 1996.|
NH Rev Stat § 33:5-d (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:5-d - State Revolving Loan Funds.

    33:5-d State Revolving Loan Funds. –||The terms of repayment by a municipality of any loan from the loan fund established under RSA 486:14, or from any other state revolving loan fund established for water pollution control, solid waste disposal or treatment or other environmental improvement purposes, shall be governed by the statute and rules establishing the loan fund, notwithstanding any inconsistency with the provisions of this chapter relating to required annual installments, maximum period, or other such terms and conditions. In addition, a municipality may use proceeds of such a loan to pay interest on the loan during construction and for a period thereafter to the extent permitted by such statute or rules, and no authenticating certificate shall be required under RSA 33:11 on any bond, note or other document evidencing the loan.|||Source. 1991, 179:1, eff. May 27, 1991.|
NH Rev Stat § 33:6 (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:6 - Emergency Borrowing.

    33:6 Emergency Borrowing. –||Upon recommendation of the commissioner of revenue administration, approved by the governor and council, municipalities and counties may, within such limits as to amount, term and rate of interest as may be prescribed by the commissioner of revenue administration, incur debt outside the debt limit prescribed by RSA 33:4 for purposes made necessary by war or other national or local disaster or emergency. Such debt shall at no time be included in the net indebtedness of the municipality or county for the purpose of determining its borrowing capacity.|||Source. 1953, 258:1, par. 6. RSA 33:6. 1973, 544:8, eff. Sept. 1, 1973.|
NH Rev Stat § 33:6-a (2021)
2021 New Hampshire Revised Statutes|Title III - Towns, Cities, Village Districts, and Unincorporated Places|Title 33 - Municipal Finance Act|Section 33:6-a - Exclusion from Debt Limit.

    33:6-a Exclusion from Debt Limit. –||Any municipality which has authorized the purchase and installation of parking meters under the provisions of RSA 249, and acts in amendment thereof which has incurred indebtedness or may incur indebtedness for the purchase and installation of such meters and the acquisition, construction and improvement of public parking facilities may have such indebtedness to an amount not exceeding 1/2 of one percent of its last assessed valuation computed under the provisions of RSA 33:4 excluded from the debt limit prescribed in RSA 33:4 if upon application to the commissioner of revenue administration, after hearing, the commissioner of revenue administration finds that the revenues from such sources may reasonably be expected to be adequate to retire such indebtedness and the costs connected therewith in accordance with the terms by which said indebtedness was incurred. Every such municipality shall annually in April report to the commissioner of revenue administration such information as the commissioner may require relative to the revenues from such sources, the costs of operation of such parking facilities and the amount of outstanding indebtedness for such purposes. If, at any time, the commissioner of revenue administration shall find the revenues available for retiring the debt are insufficient for the purpose, then the remaining amount of outstanding indebtedness shall be included in the limit of indebtedness prescribed by RSA 33:4.|||Source. 1959, 153:1. 1973, 544:8, eff. Sept. 1, 1973.|