RSA 374-E:3 · Definitions

374-E:3 Definitions. – The following words or terms as used in this chapter shall have the following meanings, unless a different meaning clearly appears from the context:

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I.

"This chapter" means this New Hampshire municipal bond bank small scale power facility act.

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II.

"Bond bank" means the New Hampshire municipal bond bank created and established under RSA 35-A.

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III.

"Bonds" means bonds of the division issued under this chapter.

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IV.

"Bondholder" or "noteholder" or any similar term when used about a bond or note of the division means any person who shall be the bearer of any outstanding bond or note of the division registered to bearer or not registered, or the registered owner of any outstanding bond or note of the division which shall at the time be registered other than to bearer.

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V.

"Division" means the New Hampshire municipal bond bank-small scale power facility division created and established under RSA 374-E:4.

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VI.

"Fully marketable form" means a municipal security duly executed and accompanied by an approving legal opinion of a bond counsel of recognized standing in the field of municipal law whose opinions have been and are accepted by purchasers of like municipal bonds, provided that the municipal security so executed need not be printed or lithographed nor be in more than one denomination.

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VII.

"Small scale power facility bond general fund" means the fund of the division created or established as provided in RSA 374-E:12.

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VIII.

"Small scale power facility bond reserve fund" means any bond reserve fund of the division created or established as provided in RSA 374-E:11.

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IX.

"Municipality" means any county, city, town, or village district within the state or other body corporate and politic having the power to issue its bonds or notes on behalf of any of the foregoing.

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X.

"Municipal small scale power facility bond" means a bond or note or other evidence of indebtedness issued by a municipality under RSA 374-D.

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XI.

"Notes" means any notes of the division issued under this chapter.

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XII.

"Revenues" means all fees, charges, moneys, profits, payments of principal of or interest on municipal small scale power facility bonds and other investments, gifts, grants, contributions, appropriations, and all other income derived or to be derived by the division under this chapter.

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XIII.

"State" means the state of New Hampshire. Source. 1981, 545:7, eff. Aug. 29, 1981.

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