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HB1147: relative to the use of capital reserve funds.
acted by the Senate and House of Representatives in General Court convened: 1 Capital Reserve Funds of Counties, Towns, Districts, and Water Departments; Expenditures. Amend RSA 35:15, III(a) to read as follows: III.(a) Notwithstanding the prohibition of debt retirement fund establishment in RSA 33:2, capital reserve funds may be used for multiple payments under a financing agreement for the purpose
Related law links
RSA references in this bill
- 33:2 · amend
- 35:15 · amend