RSA 228:26 · Borrowing Authorized

228:26 Borrowing Authorized. –
If the moneys in the highway fund are not sufficient to provide the funds authorized by RSA 228:25, the treasurer is authorized to borrow on the state's credit at the lowest rate of interest obtainable, such sums as may be necessary to provide said funds; provided, that at no time shall the indebtedness of the state pursuant to this section exceed $1,000,000; and provided further, that such indebtedness shall be repaid from revenues within 3 years.
Source. RSA 229:6-e. 1977, 600:33. 1981, 87:1, eff. April 20, 1981.