RSA 481:32 · Hydro Funds

481:32 Hydro Funds. –

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I.

Revenue to the state resulting from the leasing, sale, or transfer of state-owned dams shall be credited to the fund established in RSA 482:55 for the purpose of the retirement of bonds and notes authorized by RSA 482:56.

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II.

Notwithstanding any other provision of law, the department may transfer to this fund other funds as it may from time to time receive, together with any surplus revenue held by the department and derived from its management of water resources properties.

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III.

Any amount of revenue over and above the amount required to retire said bonds shall be credited to the dam maintenance fund for the repair and reconstruction of other state-owned dams, authorized by the legislature and with the approval of governor and council, or for work on properties associated with state-owned dam sites. Source. 1982, 24:1; 42:168. 1983, 169:1. 1986, 202:6, I(k). 1989, 339:32. 1996, 228:109. 2001, 138:2, eff. Aug. 28, 2001. 2024, 168:2, eff. July 3, 2024. Section 481:32-a, 481:33 481:32-a, 481:33 Repealed by 1989, 339:35, XVII, eff. Jan. 1, 1990. –

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