This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 33:3-a · Use of Bond Proceeds

Title: III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Chapter: 33 · MUNICIPAL FINANCE ACT
Status: current
Official source linked: Yes

Official source Copy section link

33:3-a Use of Bond Proceeds. –

Copy link

The proceeds of any sale of bonds or notes shall be used only for the purposes for which the loan was incurred except as otherwise authorized by this section; provided, however, that any premium received shall not be used to increase the amount to be spent for the purpose for which the loan was originally incurred. The purposes for which the loan was incurred may include the payment of principal of and interest on any temporary indebtedness incurred under RSA 33:7-a and interest on any temporary indebtedness incurred under RSA 33:7-b.

Copy link

II.

If after notes or bonds have been issued and no expenditure of the proceeds has been made for the purpose or purposes for which the debt was incurred, or if a balance remains after the completion of the project or projects for which the debt was authorized, a city by a vote of 2/3 of the city council or a town, school district, or village district by a vote of 2/3 of the voters present and voting at an annual meeting, a county by a 2/3 vote of all the members of the county convention, a political subdivision which has adopted official ballot voting procedures pursuant to RSA 40:13 by a vote of 3/5 of those voting, and a municipality that has adopted an official ballot town council under RSA 49-D:3, I-a by a vote of 2/3 unless the municipal charter provides for a vote of 3/5, may authorize the expenditure of the sum or sums on hand, including any premiums received, for any purpose or purposes for which bonds or serial notes may be issued for an equal or longer period of time at any time which said sum or any portion thereof remains available; provided, however, that if the sum obtained by issuance of bonds or notes, as aforesaid, or any balance thereof, including any premium, is not appropriated as aforesaid, then the same shall be used to pay the principal of the loan as it matures. Only "yes" or "no" votes shall be included in the calculation of any majority.

Copy link

III.

Notwithstanding the provisions hereof, no appropriation for a loan or balance thereof shall be made which will increase the amount available from borrowed money for any purpose to an amount in excess of any limit imposed by general law or special act for such purpose. Source. 1963, 151:1. 1981, 300:4, eff. June 16, 1981. 2006, 12:1, eff. Mar. 13, 2006.

Copy link

Source note

Source. 1963, 151:1. 1981, 300:4, eff. June 16, 1981. 2006, 12:1, eff. Mar. 13, 2006.

Source history

1963, 151:1
1981, 300:4, eff. June 16, 1981
2006, 12:1, eff. Mar. 13, 2006

Related materials

Bill relationships

2026 HB1066 amend
3, VI(b)to read as follows: (b) Calls for an appropriation of an amount to be raised for a lease under RSA 33:7-e or RSA 33:7-f, or by the issuance of bonds or notes pursuant to RSA 33; or 3 Towns, Cities, Village Districts, and Unincorporated Places; Municipal Budget Law; Budget Preparation. Amend RSA 32:5, I to read as follows: I. The governing body, or the budget committee if there is one, sha
2026 HB1066-FN amend
3, VI(b)to read as follows: (b) Calls for an appropriation of an amount to be raised for a lease under RSA 33:7-e or RSA 33:7-f, or by the issuance of bonds or notes pursuant to RSA 33; or 3 Towns, Cities, Village Districts, and Unincorporated Places; Municipal Budget Law; Budget Preparation. Amend RSA 32:5, I to read as follows: I. The governing body, or the budget committee if there is one, sha
2026 HB1323 amend · effective 2027-01-01
SA 169-C, a petition for a restraining order filed in good faith pursuant to RSA 458:16 or RSA 461-A:10, or a petition filed in good faith for a civil protection order pursuant to RSA 633:3-a or RSA 173-B. 2 Parental Rights and Responsibilities; Judicial Enforcement of Parenting Plan; Family Access Motion. Amend RSA 461-A:4-a, I to read as follows: I. In the event of parental alienation or substantial
2026 HB1323-FN amend · effective 2027-01-01
SA 169-C, a petition for a restraining order filed in good faith pursuant to RSA 458:16 or RSA 461-A:10, or a petition filed in good faith for a civil protection order pursuant to RSA 633:3-a or RSA 173-B. 2 Parental Rights and Responsibilities; Judicial Enforcement of Parenting Plan; Family Access Motion. Amend RSA 461-A:4-a, I to read as follows: I. In the event of parental alienation or substantial
2026 HB1378 reference
When the parent or legal guardian is the subject of a protective order involving the minor child or one of the minor child’s siblings issued pursuant to RSA 173-B, RSA 461-A, or RSA 633:3-a, or when a court of competent jurisdiction has determined that the release of the records to a parent or legal guardian is not in the child’s best interest; or (c) When a health care provider has determined by evidenc
2026 HB1427 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
2026 HB1427-FN 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
2026 HB1495 related
be recognized as revenue. Note proceeds shall only be used for the same purpose as the anticipated funds. Any borrowing under this section shall be exempt from the provisions of RSA 33, relative to debt limits. 2 Effective Date. This act shall take effect upon its passage. HELPFUL LINKS Redistricting Information Ethics Committee Statutory/Study Committees Voting Records Past Member Legislatio
2026 HB1522 reference
Criminal threatening as defined in RSA 631:4. (c) Sexual assault as defined in RSA 632-A:2 through RSA 632-A:5. (d) Interference with freedom as defined in RSA 633:1 through RSA 633:3-a. (e) Destruction of property as defined in RSA 634:1 and RSA 634:2. (f) Unauthorized entry as defined in RSA 635:1 and RSA 635:2. (g) Harassment as defined in RSA 644:4. (h) Cruelty to animals as defined in RSA 6
2026 HB1522-FN reference
Criminal threatening as defined in RSA 631:4. (c) Sexual assault as defined in RSA 632-A:2 through RSA 632-A:5. (d) Interference with freedom as defined in RSA 633:1 through RSA 633:3-a. (e) Destruction of property as defined in RSA 634:1 and RSA 634:2. (f) Unauthorized entry as defined in RSA 635:1 and RSA 635:2. (g) Harassment as defined in RSA 644:4. (h) Cruelty to animals as defined in RSA 6
2026 HB1547 amend · effective 2027-01-01
e defendant and finds that the defendant has knowingly, voluntarily, and intelligently waived his or her right to a jury trial. 3 New Paragraph; Stalking; Prosecutions. Amend RSA 633:3-a by inserting after paragraph VIII the following new paragraph: IX.(a) In any prosecution for a misdemeanor violation of this section in the circuit court, the defendant may elect to either: (1) Appeal within 30
2026 HB1547-FN amend · effective 2027-01-01
e defendant and finds that the defendant has knowingly, voluntarily, and intelligently waived his or her right to a jury trial. 3 New Paragraph; Stalking; Prosecutions. Amend RSA 633:3-a by inserting after paragraph VIII the following new paragraph: IX.(a) In any prosecution for a misdemeanor violation of this section in the circuit court, the defendant may elect to either: (1) Appeal within 30