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RSA 31:144 · Assessment Funds

Title
III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Chapter
31 · POWERS AND DUTIES OF TOWNS
Status
current
Official source linked
Yes
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31:144 Assessment Funds. –

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I.

The funds received from the collection of water and/or sewer assessments and fees shall be kept as separate and distinct funds to be known as the water assessment fund and the sewer assessment fund respectively. Such funds shall be allowed to accumulate from year to year, shall not be commingled with municipal tax revenues, and shall not be deemed part of the municipality's general fund accumulated surplus. Such funds shall be expended only for the purposes of this subdivision as it relates to public drinking water and domestic supplies or the previous expansion or replacement of water lines or water treatment facilities; or for wastewater or the previous expansion or replacement of sewage lines or sewage treatment facilities.

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II.

Except when a capital reserve fund is established pursuant to paragraph III, all assessment funds shall be held in the custody of the municipal treasurer. Estimates of anticipated assessments or fees and anticipated expenditures from the assessment funds shall be submitted to the governing body under RSA 32:6 if applicable, and shall be included as part of the municipal budget submitted to the legislative body for approval. Notwithstanding RSA 41:29 or RSA 48:16, the treasurer shall pay out amounts from the assessment funds only upon order of the governing body of the district. Expenditures shall be within amounts appropriated by the legislative body.

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III.

At the option of the governing body of the district, all or part of any surplus in the assessment funds may be placed in one or more capital reserve funds under RSA 35:7 and placed in the custody of the trustees of trust funds. If such a reserve fund is created, then the governing body of the district may expend such funds pursuant to RSA 35:15 without prior approval or appropriation by the local legislative body, but all such expenditures shall be reported to the municipality pursuant to RSA 31:148. This section shall not be construed to prohibit the establishment of other capital reserve funds for any lawful purpose relating to municipal water. Source. 2013, 214:1, eff. Sept. 8, 2013.

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Source note

Source. 2013, 214:1, eff. Sept. 8, 2013.

Source history

  • 2013, 214:1, eff. Sept. 8, 2013

Related materials

Bill relationships

  • 2026 HB1359 amend

    icipal association, including the New Hampshire Municipal Association, shall comply with RSA 31:8-b. 5 New Section; Recorded Vote on Membership in Municipal Associations. Amend RSA 31 by inserting after section 8-a the following new section: 31:8-b Recorded Vote on Membership in Municipal Associations. I. No city, town, village district, or school district shall appropriate or expend public funds

  • 2026 HB1649 amend

    es in General Court convened: 1 New Section; Towns, Cities, Village Districts, and Unincorporated Places; Powers and Duties of Towns; Prohibition on Certain Donations. Amend RSA 31 by inserting after section 9-d the following new section: 31:9-e Prohibition on Certain Donations. I. No city, town, village district, or unincorporated place shall appropriate or expend any taxpayer funds, whet

  • 2026 HB1804 reference · effective 2028-01-01

    ting financial, human resource, information technology, and other managerial and administrative functions related to the operation of the participating agencies as provided for in RSA 31, RSA 37, and RSA 194-C:4 as well as city charters adopted under RSA 49-C and town charters adopted under RSA 49-D. 9 Public Officers and Employees; New Hampshire Retirement System; General Conditions for Participati

  • 2026 HB1804-FN reference · effective 2028-01-01

    ting financial, human resource, information technology, and other managerial and administrative functions related to the operation of the participating agencies as provided for in RSA 31, RSA 37, and RSA 194-C:4 as well as city charters adopted under RSA 49-C and town charters adopted under RSA 49-D. 9 Public Officers and Employees; New Hampshire Retirement System; General Conditions for Participati