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RSA 34:11 · Change of Purpose
34:11 Change of Purpose. – After the purpose for which a capital reserve fund is established has been determined, no change shall be made in the purpose for which said fund may be expended unless and until such change has been authorized by a favorable vote of 3/4 of all members of the city councils or board of aldermen, for a specific capital improvement or specific item or type of equipment and such change shall be made only after a public hearing held pursuant to notice as provided in RSA 34:2. Source. 1949, 181:11, eff. May 3, 1949.
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Source. 1949, 181:11, eff. May 3, 1949.
Source history
- 1949, 181:11, eff. May 3, 1949
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n or water control easements or establishing tax increment financing districts. [IV] V. Municipalities may create a nonlapsing [CRIZ] FRIZ fund as a capital reserve fund under RSA 34 or RSA 35, or a town-created trust fund under RSA 31:19-a, to provide funding for projected municipal costs associated with projected storm surge, sea-level rise, and extreme precipitation, and such funds may be used to