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RSA 162-G:15 · Voluntary Nonprofit Corporations; Authorities
162-G:15 Voluntary Nonprofit Corporations; Authorities. – Any voluntary, nonprofit corporation or association formed under RSA 292:1 for the purpose of taking advantage of this chapter shall be a body politic and corporate constituting a public corporation. The governmental unit may loan money to such corporation or association or an authority established under RSA 162-G:15-a, with proper security. Such corporation or association shall have all the authority and powers granted to a governmental unit by this chapter to act in behalf of the governmental unit except the powers to execute trust indentures and issue bonds. Sums of money may be advanced to such corporation or association or an authority established under RSA 162-G:15-a by the governmental unit to meet operating and maintenance costs and shall be repaid by it, if the governmental unit so requires at the time of making such advances. Source. 1972, 57:1. 1975, 481:11, eff. Aug. 22, 1975.
Copy linkSource note
Source. 1972, 57:1. 1975, 481:11, eff. Aug. 22, 1975.
Source history
- 1972, 57:1
- 1975, 481:11, eff. Aug. 22, 1975
Related materials
Bill relationships
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2026 HB1804
reference · effective 2028-01-01
t efforts and with respect to cities, towns, counties, school districts, and school administrative units, the power to form the entities and conduct the activities provided for in RSA 162-G and RSA 31:134 through RSA 31:149, and/or the appropriate activities, including but not limited to, conducting financial, human resource, information technology, and other managerial and administrative functions related
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2026 HB1804-FN
reference · effective 2028-01-01
t efforts and with respect to cities, towns, counties, school districts, and school administrative units, the power to form the entities and conduct the activities provided for in RSA 162-G and RSA 31:134 through RSA 31:149, and/or the appropriate activities, including but not limited to, conducting financial, human resource, information technology, and other managerial and administrative functions related