reglab/housing_qa huggingface dataset:
NH Rev Stat § 374-B:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:1 - Definitions.

    374-B:1 Definitions. –||In this chapter:||I. "Commission" means the public utilities commission.||II. "Electric power facilities" means generating units rated 25 megawatts or above and transmission facilities rated 69 kilovolts or above.||III. "Municipality" means a city, town or village district engaged in the generation and sale or the purchase and sale of electricity or the distribution thereof, for ultimate consumption by the public under provisions of RSA 38, RSA 52 or any special laws. Except where otherwise specifically provided, a municipality may exercise any of its powers or authority contained in this chapter through its municipal officers or members of the board of commissioners in whom the management of its electric system is vested.|||Source. 1975, 501:1. 1997, 206:4, eff. July 1, 1997.|
NH Rev Stat § 374-B:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:3 - Temporary Notes.

    374-B:3 Temporary Notes. –||In anticipation of the authorization or issue of bonds under this chapter, and subject to the approval of the commission under RSA 369:1 or RSA 369:7, a municipality, when authorized by a 3/5 vote as defined in RSA 33:8 for towns and village districts or in RSA 33:9 for cities, may issue temporary notes. Subject to the terms of the commission's approval and of the authorizing vote, the municipality may provide for the sale of the notes at public or private sale and may determine the interest rate or rates, maturity or maturities, redemption privileges, if any, form, denomination or denominations and place or places of payment or provide for the determination thereof by the treasurer. Temporary notes issued hereunder shall be executed in the manner provided herein for bonds and shall be payable within 6 years from their respective dates, but 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, provided the period from the date of issue of an original note to the maturity of any note issued to renew or pay the same debt or the interest thereon shall not exceed 6 years. Unless otherwise provided in the authorizing vote or in the approval of the commission, the municipality may cause notes to be refunded to the extent provided in this chapter. To the extent of any borrowing in anticipation of bonds, the maximum maturity of an equivalent amount of the bonds shall be measured from the date of the anticipatory borrowing.|||Source. 1975, 501:1, eff. June 24, 1975. 2020, 38:21, eff. Sept. 27, 2020.|
NH Rev Stat § 374-B:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:5 - Investment of Proceeds.

    374-B:5 Investment of Proceeds. –||Subject to the trust, agreement or resolution, the proceeds of bonds or notes issued under this chapter and any other moneys governed by the 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 thereof or as may be provided by any other applicable law.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:6 - Bonds and Notes Payable Solely From Certain Funds; Exclusion From Debt Limit.

    374-B:6 Bonds and Notes Payable Solely From Certain Funds;  Exclusion From Debt Limit. –||The bonds and notes issued under this chapter shall be payable solely from the funds provided therefor hereunder, the liability of the municipality from other funds being limited to obligations undertaken by it to pay for the electricity used by it, and a statement to this effect shall be included on the face of such bonds and notes. The bonds and notes and such obligations shall not at any time be included in the debt of the municipality for the purpose of ascertaining its borrowing capacity.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:7 - Trust Funds.

    374-B:7 Trust Funds. –||All moneys received by the municipality under this chapter shall be deemed to be trust funds to be held and applied solely as provided in this chapter; provided, however, that RSA 31:19-38 shall not apply thereto.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:8 - Remedies.

    374-B:8 Remedies. –||Any holder of bonds or notes issued under this chapter, or of any of the coupons appertaining thereto, and the trustee under a trust agreement or resolution securing the same, except to the extent the rights herein given may be restricted by such trust agreement or resolution, may bring suit upon the bonds, notes or coupons and may, either at law or in equity, by suit, action, mandamus or other proceedings, protect and enforce any and all rights under the laws of the state or granted under this chapter or under such trust agreement or resolution, and may enforce and compel the performance of all duties required by this chapter or by such trust agreement or resolution to be performed by the municipality or by any officer thereof.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:9 - Bonds and Notes Eligible for Investment.

    374-B:9 Bonds and Notes Eligible for Investment. –||Bonds and notes issued under this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, credit unions, building and loan associations, investment companies, executors, administrators, trustees and other fiduciaries, pension, profit-sharing and retirement funds may properly invest funds, including capital in their control or belonging to them. Such bonds and notes are securities which may properly be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now or may hereafter be authorized by law.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:10 - Investment Securities.

    374-B:10 Investment Securities. –||Notwithstanding any provision of this chapter or any recitals in any bonds and notes issued under this chapter, all such bonds and notes shall be deemed to be investment securities under RSA 382-A.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:11 - Tax Exemption.

    374-B:11 Tax Exemption. –||The bonds and notes issued under this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free from taxation within the state.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:12 - Revenue Refunding Bonds.

    374-B:12 Revenue Refunding Bonds. –||Any municipality having bonds outstanding under this chapter, when authorized by a 3/5 vote as defined in RSA 33:8 for towns and village districts and in RSA 33:9 for cities, may issue refunding bonds for the purpose of paying bonds issued by or on its behalf, at maturity or upon acceleration or redemption, subject to the approval of the commission under RSA 369:1. The refunding bonds may be issued in sufficient amounts to pay or provide the principal of the bonds being refunded, together with any redemption premium thereon, any interest accrued or to accrue to the date of payment of such bonds, the expenses of issue of the refunding bonds, the expenses of redeeming the bonds being refunded, and such reserves for debt service (including a common reserve for debt service established pursuant to an agreement for consolidation of indebtedness under RSA 374-B:2, VI) or other capital or current expenses from the proceeds of such refunding bonds as may be required by a trust agreement or resolution securing bonds or notes. The refunding bonds may be issued not more than 5 years prior to the maturity or redemption date of bonds being refunded. The issue of refunding bonds, the maturities and other details thereof, the security therefor, the rights of the holders thereof, and the rights, duties and obligations of the municipality in respect of the same shall be governed by the provisions of this chapter relating to the issue of bonds other than refunding bonds insofar as the same may be applicable, but no bonds shall be refunded to a date later than the refunded bonds could have matured hereunder.|||Source. 1975, 501:1, eff. June 24, 1975. 2020, 38:22, eff. Sept. 27, 2020.|
NH Rev Stat § 374-B:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:13 - No Other Proceedings Required; Issuance of Bonds or Notes Under Other Authority Not Precluded.

    374-B:13 No Other Proceedings Required;  Issuance of Bonds or Notes Under Other Authority Not Precluded. –||Bonds and notes may be issued under this chapter without the consent of any department, division, commission or agency of the state or of any political subdivision thereof and without any proceedings or the happening of any other conditions or things than those proceedings, conditions or things which are specifically required therefor by this chapter. Except as expressly provided in this chapter, RSA 33 shall not apply to the issue of bonds and notes hereunder. The provisions of this chapter authorizing the issue of bonds and notes shall not be deemed to preclude the issue of bonds and notes under any other authority.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:14 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:14 - Payments in Lieu of Taxes.

    374-B:14 Payments in Lieu of Taxes. –||In connection with all sales, use and excise taxes imposed with respect to electric power facilities, materials included or to be included therein, or energy produced thereat and sold at wholesale therefrom, by any laws of the state, a municipality participating in an electric power facility by ownership, prepayment or contract for purchase of capacity and related energy from a specifically identified generating unit shall be subject to payments in lieu of such taxes in the same manner and under the same procedures as a corporation which is a domestic electric utility is subject to such taxes and shall be limited to only those exemptions as are available to such a corporation.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-B:15 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:15 - Applicability of Chapter.

    374-B:15 Applicability of Chapter. –||This chapter shall be applicable only to such cities, towns and village districts as on January 1, 1975, met the definition of "municipality" as defined in RSA 374-B:1, III, and to such additional cities, towns or village districts as begin after that date to engage in the generation and sale or the purchase and sale of electricity or the transmission thereof, for ultimate consumption by the public, under RSA 38, RSA 52, or any special laws and which comply with the following:||I. Such an additional city, town or village district shall first acquire or establish a plant for the manufacture or distribution of electricity only after the commission, after notice and opportunity for hearing, shall have found that there is a public need for such acquisition or establishment and that the terms thereof are in the public interest; and||II. The determinations of the commission required under RSA 38:9 or RSA 38:10 have been made not more than 12 months following the initial vote taken under RSA 38:3, RSA 38:4 or RSA 38:5, except that this provision shall not apply to any vote taken prior to June 24, 1975.|||Source. 1975, 501:1. 1997, 206:5, eff. July 1, 1997.|
NH Rev Stat § 374-B:16 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-B - Municipal Electric Revenue Bonds|Section 374-B:16 - Severability.

    374-B:16 Severability. –||This chapter shall be construed in all respects so as to meet all constitutional requirements. Except as expressly provided, the provisions of this chapter shall not affect the interpretation of other laws. If any provision or clause of this chapter, or the application thereof to any person or circumstance, is held invalid, such invalidity shall not affect other provisions or applications of the chapter, except as hereinafter set forth in this section. In the event it is finally determined by a court of competent jurisdiction that a municipality is not subject, with respect to any electric power facilities financed under this chapter, to payments in lieu of taxes under RSA 374-B:14 by reason of the unconstitutionality of said section, or that the borrowing limitation set forth in RSA 374-B:2, I, is unconstitutional, the municipality involved shall, and any person may, file written notice of such decision with the commission. Such notice shall include a statement that it is filed pursuant to this section. After such a filing the commission shall not have any further authority to approve the issue of bonds under this chapter except:||I. If it finds that any electric utility has, prior to such filing, undertaken substantial expense or liability in expectation of such bond financing; or||II. If notes have been issued, prior to such a filing, under RSA 374-B:3 in anticipation of revenue bonds.|||Source. 1975, 501:1, eff. June 24, 1975.|
NH Rev Stat § 374-C:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:1 - Citation.

    374-C:1 Citation. –||This chapter shall be known as, and may be cited as, the New Hampshire public utility bond financing chapter.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|
NH Rev Stat § 374-C:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:2 - Definitions.

    374-C:2 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 public utility bond financing chapter.||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 public utility bond duly executed and accompanied by such opinion of counsel and other documentation as is customary in the field of public utility financing, provided that the public utility bond so executed need not be printed or lithographed nor be in more than one denomination.||V. "Notes" means any notes of the bank issued pursuant to this chapter.||VI. "Public utility" means any corporation, company, association, joint stock association, partnership or person within the state which owns, operates or manages any plant or equipment for the manufacture or furnishing of light, heat, power or water for the public, or in the generation, transmission or sale of energy ultimately sold to the public and which is regulated by the New Hampshire public utilities commission. For the purposes of this chapter, any limited electrical energy producer subject to RSA 362-A shall be considered a public utility eligible for the receipt of financial assistance under this chapter. This chapter expressly includes non-generating electric utilities regulated by the New Hampshire public utilities commission.||VII. "Public utility bond" or "utility bond" means a bond or note or evidence of debt issued by a public utility and payable from rates, charges or other revenue, but shall not include any bond or note or evidence of debt issued by any other state or any public body or public utility thereof.||VIII. "Public utility general fund" means the fund created or established as provided in RSA 374-C:6.||IX. "Public utility reserve fund" means any of the public utility bond reserve funds created or established as provided in RSA 374-C:5.||X. "Revenues" means all fees, charges, moneys, profits, payments of principal of or interest on utility bonds and other investments, gifts, grants, contributions, appropriations and all other income derived or to be derived by the bank under this chapter.|||Source. 1979, 498:2. 1981, 315:1, eff. Aug. 16, 1981.|
NH Rev Stat § 374-C:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:4 - General Power.

    374-C:4 General Power. –||In addition to those powers enumerated in RSA 35-A:6, the bank shall have the authority to purchase or hold public utility bonds at such prices and in such manner as the bank shall deem advisable and to sell public utility bonds acquired or held by it at such prices without relation to cost and in such manner as the bank shall deem advisable. The bank may require the public utility to secure the bonds as to payment of both principal and interest by a pledge of, lien upon or bond interest in, its revenues or properties, including a mortgage thereof under RSA 369:2, as the bank determines necessary to secure the payment of such bonds purchased and the interest thereon as the same become due. The bank may assign any such pledge, lien or bond interest to or for the benefit of the holders of its bonds. The bank may fix and prescribe any form of application or procedure to be required of a public utility for the purpose of any loan or the purchase of its utility bonds, and to fix the terms and conditions of any such loan or purchase and to enter into agreements with public utilities with respect to any such loan or purchase. The bank shall have the powers prescribed in RSA 35-A:8 with respect to bonds issued under this chapter; provided, however, that such bonds shall not be general obligations of the bank, but shall be special obligations of the bank payable only from the revenues pledged to their payment. Any pledge of revenues or moneys under this chapter shall have the same effect as a pledge under RSA 35-A:10.|||Source. 1979, 498:2. 1981, 315:7, eff. Aug. 16, 1981.|
NH Rev Stat § 374-C:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:6 - Public Utility General Fund.

    374-C:6 Public Utility General Fund. –||I. The bank shall establish and maintain a fund called the "public utility 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 under this chapter, (2) any moneys which the bank shall transfer thereto from the reserve fund pursuant to RSA 374-C:5, II, (3) moneys received by the bank as payments of principal of or interest on utility bonds purchased by the bank, or received as proceeds of sale of any utility 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, (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 or for the operating expenses of the bank. Any such moneys in the public utility general fund may, subject to any contracts between the bank and its bondholders or noteholders, be transferred to the public utility 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 public utility general fund may be used for the purchase of utility 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 public utility 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 relative to the purchase, holding and sale of public utility bonds in any year in excess of the amount provided for the operating expenses of the public utility division 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 relative to this chapter.||III. The bank may at any time use any available moneys in the public utility 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 public utility 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. 1979, 498:2. 1981, 315:10, 11, eff. Aug. 16, 1981.|
NH Rev Stat § 374-C:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV - Public Utilities|Title 374-C - Public Utility Bond Financing|Section 374-C:7 - Additional Accounts.

    374-C:7 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 delineated under this chapter or to comply with the provisions of any agreement made by or any resolution of the bank.|||Source. 1979, 498:2, eff. Sept. 4, 1979.|