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HB1427: limiting the authority of a municipality, county, or school district to issue bonds.
Bill details
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Official links
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Related law links
RSA references from bill data
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31:39-A
· reference
· effective 2027-01-01
chool district, provided that a finding by a local governing body made in bad faith or with fraudulent intent shall subject the members voting in favor to personal liability under RSA 31:39-a and other applicable laws. (b) “Essential infrastructure” shall mean facilities and systems directly necessary for the provision of drinking water, wastewater treatment, emergency services, and public safety, and cl
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33
· amend
· effective 2027-01-01
e use of bonds to only true emergencies and extraordinary circumstances, and not as a substitute for fiscal discipline. 3 New Section; Limitations on Bonding Authority. Amend RSA 33 by inserting after section 3-g the following new section: 33:3-h Limitations on Bonding Authority. I. For the purposes of this section: (a) “Declared emergency” shall include, but not be limited to, emergenc
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4:45
· reference
· effective 2027-01-01
Bonding Authority. I. For the purposes of this section: (a) “Declared emergency” shall include, but not be limited to, emergencies formally declared by the governor under RSA 4:45, by federal authorities, or by the governing body of the municipality, county, or school district, provided that a finding by a local governing body made in bad faith or with fraudulent intent shall subject the members