RSA 204-D:3 · Highway Fund

204-D:3 Highway Fund. –
I. Surplus property held by the department of transportation which was acquired with highway fund moneys shall be transferred to the authority under the procedures set out in RSA 204-D:2, provided, however, that the authority shall compensate the department for such land in an amount acceptable to the department and the authority. Such amount shall not exceed the original expenditure for the property from the highway fund.
II. Surplus property held by the department of transportation which was acquired, in whole or in part, with federal or turnpike funds shall be transferred to the authority for the minimum compensation required by federal law or controlling turnpike revenue bond resolution.
Source. 1988, 250:2, eff. April 30, 1988.