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RSA 33:8-f · Procedures to Limit or Rescind Bonding Authority for Bonds or Notes

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

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33:8-f Procedures to Limit or Rescind Bonding Authority for Bonds or Notes. –

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In any vote to approve bonding authority, a town may limit the length of time the bond authorization remains valid. If, after the expiration of any such period, no bond or note has been issued, the bonding authority shall be considered for all purposes as rescinded.

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II.

A town may vote at an annual meeting to rescind an authorized but unissued bond or note following the same procedures as would be required to adopt such bond or note, provided that:

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(a)

A vote to rescind shall not take place less than 5 years after the vote to authorize the bond or note;

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(b)

The vote to rescind must pass by the same majority required, at the time of the rescission vote, to adopt a bond or note; and

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(c)

Notwithstanding RSA 33:8-a, II, a warrant article proposing the rescission of a bond or note in excess of $100,000 need not be acted upon prior to other business. Source. 2009, 229:3, eff. Jan. 1, 2010.

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Source note

Source. 2009, 229:3, eff. Jan. 1, 2010.

Source history

2009, 229:3, eff. Jan. 1, 2010

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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 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
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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 HB1835 amend
department of revenue administration stating the specific amount of borrowing to be recognized as revenue. Any borrowing under this section shall be exempt from the provisions of RSA 33, relative to debt limits. 3 Setting of Tax Rates; Distribution. Amend RSA 21-J:35, VII(d) to read as follows: (d) Department of education: federal forest land aid pursuant to RSA 227-H:20 through RSA 227-H:22,
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department of revenue administration stating the specific amount of borrowing to be recognized as revenue. Any borrowing under this section shall be exempt from the provisions of RSA 33, relative to debt limits. 3 Setting of Tax Rates; Distribution. Amend RSA 21-J:35, VII(d) to read as follows: (d) Department of education: federal forest land aid pursuant to RSA 227-H:20 through RSA 227-H:22,
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of a cyanobacteria mitigation and water quality protection contingency and reserve fund adopted by a village district, the agreement may establish a common bonding authority under RSA 33. The village district may apply for funds available under RSA 487:15 through 25, RSA 485-A:58 through 61, and any other state or federal sources. 4 Definitions; Cyanobacteria Mitigation and Water Quality Protection