reglab/housing_qa huggingface dataset:
NH Rev Stat § 237:47 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:47 - Borrowing Power.

    237:47 Borrowing Power. –||The state treasurer is hereby authorized with the approval of the governor and council to borrow upon the credit of the state a sum not exceeding $4,000,000 for the purpose of carrying into effect the provisions of this subdivision and for that purpose may issue bonds in the name and on behalf of the state of New Hampshire at a rate of interest to be determined by the governor and council. The maturity dates of such bonds shall be determined by the governor and council but in no case shall they be later than 30 years from the date of issue and may be redeemable before maturity at the option of the governor and council at such price or prices and under such terms and conditions as may be fixed by the governor and council prior to the issuance of the bonds. Such bonds shall contain an express guarantee which shall be deemed a contract on the part of the state that tolls will be collected in accordance with the provisions of this subdivision until the date of maturity of said bonds or until sufficient money shall have accumulated to pay said bonds and the interest thereon at or prior to the dates of maturity. The bonds shall be in such form and such denominations as the governor and council shall determine, may be registerable as to both principal and interest, shall be countersigned by the governor, and shall be deemed a pledge of the full faith and credit of the state. The governor may authorize his countersignature on said bonds to be by facsimile signature. The secretary of state shall keep an account of all such bonds showing the number and amount of each, the time and date of countersigning, the date of delivery to the treasurer and the date of maturity. The state treasurer shall keep an account of each bond showing the number thereof, the name of the person to whom sold, the amount received from the same, the date of the sale and the date of maturity.|||Source. RSA 257-A:3. 1963, 281:1. 1965, 342:3. 1981, 87:1, eff. April 20, 1981.|
NH Rev Stat § 237:48 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:48 - Short Term Notes.

    237:48 Short Term Notes. –||Prior to the issuance of the bonds hereunder the state treasurer, with the approval of the governor and council, may for the purposes hereof borrow money from time to time on short term loans which may be refunded by the issuance of bonds hereunder. Provided, however, that at no time shall the indebtedness of the state on such short term loans exceed the sum of $4,000,000.|||Source. RSA 257-A:4. 1963, 281:1. 1965, 342:4. 1981, 87:1, eff. April 20, 1981.|
NH Rev Stat § 237:49 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:49 - Sale of Bonds or Notes.

    237:49 Sale of Bonds or Notes. –||All bonds or notes (except short term loans) issued under the provisions of this subdivision shall be sold (1) at public sealed bidding (2) only after an advertisement calling for bids has been published at least once in each of 2 successive calendar weeks in a newspaper of general circulation in New Hampshire and in a financial publication of national circulation, the first publication being not less than 15 days prior to the day the bids will be received, and (3) to the highest bidder. The governor and council may reject any or all bids, or negotiate with the highest responsible bidder. The proceeds from the sale of such bonds shall be held by the treasurer and paid out by him upon warrants drawn by the governor for the purposes of this subdivision alone, and the governor, with the advice and consent of the council, shall draw his warrant for the payment from the funds provided by this subdivision of all sums expended or due for the purposes herein authorized. All interest from such bonds shall be exempt from taxation within the state of New Hampshire.|||Source. RSA 257-A:5. 1963, 281:1. 1981, 87:1, eff. April 20, 1981.|
NH Rev Stat § 237:49-a (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:49-a - Turnpike Renewal and Replacement Account Established.

    237:49-a Turnpike Renewal and Replacement Account Established. –||There is established the turnpike renewal and replacement account within the department of transportation. At the close of each fiscal year, all surplus renewal and replacement funds shall be carried forward within the turnpike renewal and replacement account.|||Source. 1997, 351:3, eff. July 1, 1997. 2019, 134:18, eff. June 25, 2019.|
NH Rev Stat § 237:50 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:50 - Acquisition; Authority Granted.

    237:50 Acquisition;  Authority Granted. –||I. The department of transportation, acting by and on behalf of the state, is hereby authorized to convey to the bureau of turnpikes, and the bureau of turnpikes is authorized to acquire from the state, a portion of Interstate Route 95 in the city of Portsmouth for the sum of $120,000,000 and on such other terms and provisions as the commissioner of transportation and the bureau of turnpikes determine are reasonable or necessary to complete the acquisition. The bureau of turnpikes is authorized to acquire, expand, and make improvements to the eastern New Hampshire turnpike from the northerly expansion joint of the Interstate Route 95 bridge over the Spaulding turnpike, U.S. Route 4, and N.H. Route 16 (bridge No. 197/122) north to a point on the New Hampshire-Maine boundary in the city of Portsmouth, such improvements to include the installation of open road tolling for the toll on Interstate Route 95 in Hampton.||II. The bureau of turnpikes shall operate and maintain this section of highway, which shall become part of the eastern New Hampshire turnpike under RSA 237:17 and the Blue Star memorial highway under RSA 237:18.||III. Acquisition and expansion of the eastern New Hampshire turnpike system for $120,000,000 plus interest shall be at the state borrowing rate to be paid over a maximum 20-year term to the highway fund from the New Hampshire turnpike system reserve account as follows: $30,000,000 in fiscal year 2010, $20,000,000 in fiscal year 2011, and the balance to be paid under terms and conditions to be determined by the commissioner of transportation and the state treasurer.||IV. The high level bridge on Interstate Route 95 over the Piscataqua River is eligible for federal funds and state highway funds. In the event of emergency repairs or repair to damage from a catastrophic event, the department of transportation, rather than the bureau of turnpikes, shall remain liable for such repairs to the high level bridge.|||Source. 2009, 144:76, eff. July 1, 2009.|
NH Rev Stat § 237:51 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:51 - All Electronic Tolling (AET).

    237:51 All Electronic Tolling (AET). –||I. The department is authorized to construct and implement all electronic tolling (AET) at or in close proximity to the existing Dover and Rochester toll plaza locations, as part of the project named Dover-Rochester, project number 29440, using project appropriated turnpike funds totaling $11,000,000.||II. Provided the department makes a determination of financial feasibility, the department is further authorized to construct and implement all electronic tolling at or in close proximity to the existing Bedford mainline toll plaza as part of the project named Bedford-Merrimack, project number 16100, using appropriated turnpike funds for project number 16100 totaling $15,300,000.|||Source. 2018, 358:4, eff. July 2, 2018.|
NH Rev Stat § 237:52 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237 - Turnpike System|Section 237:52 - Anonymous Transponder Option.

    237:52 Anonymous Transponder Option. –||In conjunction with the installation and implementation of all electronic tolling under RSA 237:51, the department shall make available an optional system of anonymous transponders, allowing customers to anonymously fund and use a transponder, provided the transponder is properly funded and mounted prior to use. The transponders shall be available at public locations that allow the purchaser to remain anonymous. The department shall retain the least amount of information necessary for auditing purposes on anonymous transponder transactions.|||Source. 2018, 358:4, eff. July 2, 2018.|
NH Rev Stat § 237-A:1 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:1 - Definitions.

    237-A:1 Definitions. –||This chapter may be referred to as the "Turnpike System Revenue Bond Act." For purposes of this chapter, unless a different meaning clearly appears from the context, the following words shall have the following meanings:||I. "Bonds" means any bonds, notes or other evidences of indebtedness issued under this chapter.||II. "Construction" means acquisition, construction, reconstruction, equipping, enlargement or other capital improvement.||III. "Project costs" means all the costs of constructing, reconstructing, altering or dismantling a turnpike and, without limiting the generality of the foregoing, may include the costs of planning, designing, constructing, reconstructing, altering, dismantling, and landscaping such turnpike and all approaches, bridges and roads connecting thereto or connecting parts thereof, of all lands, property rights, rights-of-way, easements and franchises necessary or convenient for such construction, of all machinery and equipment, and of traffic estimates, administration, engineering, architectural and legal services, labor, plans, specifications, surveys, and estimates of costs and revenues, financing charges, interest prior to or during construction, and all such other expenses as may be necessary or incident to the financing and construction of such turnpike and the placing of the same fully in operation, and may include the funding of reserves for debt service and other expenses as may be determined in a bond resolution or trust or security agreement relating to such turnpike.||IV. "Revenues" means the tolls, rates, rents, fees, charges, receipts and other income derived or to be derived by the state from the operation of the turnpike system and all rights to receive the same, including grants, loans and other contributions from any governmental unit, investment earnings, and the proceeds of any borrowing hereunder or of any sale or disposition or insurance of any assets of the turnpike system.||V. "Turnpike" means any toll highway planned, constructed or operated under the provisions of RSA 237.||VI. "Turnpike system" means the central New Hampshire turnpike, the eastern New Hampshire turnpike, and the New Hampshire turnpike system as defined in RSA 237, turnpike service plazas, and such further toll highways and improvements, modifications, and extensions of toll highways as the general court may hereafter authorize under the provisions of said chapter.|||Source. 1986, 203:14, eff. June 3, 1986. 2010, Sp. Sess., 1:77, eff. June 10, 2010.|
NH Rev Stat § 237-A:2 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:2 - Issuance of Revenue Bonds.

    237-A:2 Issuance of Revenue Bonds. –||The state may issue bonds under this chapter to be known as "turnpike system revenue bonds." The bonds may be issued from time to time for the purpose of financing the project costs of construction of any turnpike or of paying or refunding any bonds issued pursuant to RSA 237 or interest thereon. Any such bonds issued to pay or refund bonds issued pursuant to RSA 237 or interest thereon may be issued in sufficient amount to cover items described in RSA 237-A:7. Bonds issued hereunder shall be special obligations of the state and the principal of, premium, if any, and interest on all bonds shall be payable solely from the particular funds provided therefor under this chapter. The bonds shall be issued by the treasurer in such amounts as the governor and council shall determine, not exceeding in the aggregate $766,050,000. Bonds of each issue shall be dated, shall bear interest at such rate or rates, including rates variable from time to time as determined by such index, banker's loan rate or other method as may be determined by the treasurer, and shall mature at such time or times as may be determined by the treasurer, except that no bond shall mature more than 40 years from the date of its issue. Bonds may be made redeemable before maturity either at the option of the state or at the option of the holder, or on the occurrence of specified events, at such price or prices and under such terms and conditions as may be fixed by the treasurer prior to the issue of bonds. The treasurer shall determine the form and details of bonds. Subject to RSA 93-A, the bonds shall be signed by the treasurer and countersigned by the governor. The bonds may be sold in such manner, either at public or private sale, for such price, at such rate or rates of interest, or at such discount in lieu of interest, as the treasurer may determine.|||Source. 1986, 203:14. 1991, 301:10. 1998, 306:4, eff. Aug. 25, 1998. 2009, 144:77, eff. July 1, 2009.|
NH Rev Stat § 237-A:3 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:3 - Trust or Security Agreement or Resolution.

    237-A:3 Trust or Security Agreement or Resolution. –||Any bonds issued under this chapter may be secured by a resolution or by a trust or security agreement between the state and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state, or by a trust or security agreement directly between the state and the purchasers of the bonds, and such resolution or trust or security agreement shall be in such form and executed in such manner as may be determined by the treasurer, with the approval of the governor and council. Such trust or security agreement or resolution may pledge or assign, in whole or in part, the revenues held or to be received by the state from or on account of the turnpike system and any contract or other rights to receive the same, whether then existing or thereafter coming into existence and whether then held or thereafter acquired by the state, and any proceeds thereof. Such trust or security agreement or resolution may contain such provisions for protecting and enforcing the rights, security and remedies of the bondholders as may, in the discretion of the treasurer, be reasonable and proper and not in violation of law. Without limiting the generality of the foregoing, such agreement or resolution may include provisions defining defaults and providing for remedies in the event thereof (which may include the acceleration of maturities), and covenants setting forth the duties of, and limitations on, the state in relation to the custody, safeguarding, investment and application of moneys, the issue of additional or refunding bonds, the fixing, revision and collection of tolls, charges and other revenues, the use of any surplus bond proceeds, the establishment of reserves, the construction and operation of any turnpike, any contracts relating thereto and subsequent amendments of such provisions and contracts. In accordance with such trust or security agreement or resolution, the commissioner of transportation, with the approval of the governor and council, shall establish toll rates and other charges for use of the turnpike system or any part of the right-of-way and any other property acquired in connection therewith. It shall be lawful for any bank or trust company to act as a depository or trustee of the proceeds of bonds, revenues or other moneys under a trust or security agreement or resolution and to furnish such indemnification or to pledge such securities and issue such letters or lines of credit or other credit facilities as may be required by the state acting under this chapter. Any such trust or security agreement or resolution may set forth the rights and remedies of bondholders and of the trustee and may restrict the individual right of action by bondholders.|||Source. 1986, 203:14. 1987, 403:9, eff. Jan. 1, 1988.|
NH Rev Stat § 237-A:4 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:4 - Credit Facilities and Insurance.

    237-A:4 Credit Facilities and Insurance. –||Any bonds issued under authority of this chapter may be issued pursuant to lines of credit or other banking arrangements under such terms and conditions not inconsistent with this chapter, and under such agreements with the purchasers or makers thereof, as the treasurer may determine to be in the best interests of the state. In addition to other security provided herein or otherwise by law, bonds issued by the state under this chapter may be secured, in whole or in part, by insurance or by letters or lines of credit or other credit facilities issued to the state by any bank, trust company or other financial institution, within or without the state, and the state may pledge or assign any of the revenues from the turnpike system as security for the reimbursement by the state to the issuers of such letters or lines of credit, insurance or credit facilities of any payments made thereunder.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:5 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:5 - Pledge of Revenues or Other Property.

    237-A:5 Pledge of Revenues or Other Property. –||Any pledge of revenues or other property made by the state under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and other laws from the time when the pledge is made; the revenues, moneys, rights and proceeds so pledged and then held or thereafter acquired or received by the state shall immediately be subject to the lien of such pledge without any physical delivery or segregation thereof or further act; and the lien of such pledge shall be valid and binding against all parties having claims of any kind in tort, contract or otherwise against the state, irrespective of whether such parties have notice thereof. No such revenues may be used in a manner inconsistent with the pledge. Neither the resolution, any trust or security agreement nor any other agreement by which a pledge is created need be filed or recorded except in the records of the secretary of state and no filing need be made under RSA 382-A.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:6 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:6 - Enforcement of Rights.

    237-A:6 Enforcement of Rights. –||Any owner of a bond issued under the provisions of this chapter and any trustee under a trust or security agreement or resolution securing the same, except to the extent the rights given in this section may be restricted by such agreement or resolution, may bring suit upon the bonds and may, either at law or in equity, by suit, action, mandamus, or other proceeding for legal or equitable relief, protect and enforce any and all rights under the laws of the state or granted hereunder or under such trust or security agreement or resolution and may enforce and compel the performance of all duties required by this chapter or by such agreement or resolution to be performed by the state or by any officer thereof.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:7 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:7 - Refunding Bonds.

    237-A:7 Refunding Bonds. –||The treasurer, when authorized by the governor and council, may issue refunding bonds for the purpose of paying any bonds issued under the provisions of this chapter at or prior to maturity or upon acceleration or redemption. Refunding bonds may be issued at such times prior to the maturity or redemption of the bonds being refunded as the treasurer may determine. 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 or other expenses from the proceeds of such refunding bonds as may be required by a trust or security agreement or resolution securing the bonds. The authorization and 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 state in respect to the same shall be governed by the provisions of this chapter relating to the issue of the bonds other than refunding bonds insofar as the same may be applicable.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:8 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:8 - Bonds Not General Obligations.

    237-A:8 Bonds Not General Obligations. –||Bonds issued under the provisions of this chapter shall not be general obligations of the state for which its full faith and credit is pledged, nor shall they be payable out of any funds other than the funds provided therefor in this chapter nor shall they be deemed debt of the state in determining its borrowing capacity under any applicable law.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:9 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:9 - Separate Funds.

    237-A:9 Separate Funds. –||Any debt service fund, construction fund, debt service reserve fund, or other fund established in connection with the issuance of bonds under this chapter shall be kept separate from other moneys of the state. The moneys deposited in any such funds, together with income derived from any investments held as part of such funds, shall be expended without further authorization or appropriation as provided for in the trust or security agreement or resolution establishing such funds.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:10 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:10 - Trust Funds.

    237-A:10 Trust Funds. –||All moneys received pursuant to the provisions of this chapter, whether as proceeds from the issue of bonds, as revenues, or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter.|||Source. 1986, 203:14, eff. June 3, 1986.|
NH Rev Stat § 237-A:11 (2021)
2021 New Hampshire Revised Statutes|Title XX - Transportation|Title 237-A - Turnpike System Revenue Bonds|Section 237-A:11 - Investment of Funds.

    237-A:11 Investment of Funds. –||Moneys in any fund or account created under the provisions of this chapter, subject to the terms and provisions of any trust or security agreement or resolution applicable thereto, may be invested in accordance with RSA 6:7 and 8. Except as otherwise provided by any such trust or security agreement or resolution, obligations so purchased as an investment of moneys in said fund or account shall be deemed at all times to be a part of said fund or account, and the interest thereon and any profit arising on the sale thereof shall be credited to said fund or account, and any loss resulting on the sale thereof shall be charged to said fund or account, respectively.|||Source. 1986, 203:14, eff. June 3, 1986.|