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RSA 34:4 · Limitations on Appropriations

Title: III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Chapter: 34 · CAPITAL RESERVE FUNDS FOR CITIES
Status: current
Official source linked: Yes

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34:4 Limitations on Appropriations. – No city shall raise and appropriate or transfer from any of its unencumbered surplus funds in any one year for such reserves a total amount in excess of 1/4 of one percent of the last assessed valuation of the city. Source. 1949, 181:4, eff. May 3, 1949.

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Source note

Source. 1949, 181:4, eff. May 3, 1949.

Source history

1949, 181:4, eff. May 3, 1949

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Bill relationships

2026 HB1273 add
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