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RSA 6-A:12 · Bonds Sold at Discount or Premium

Title: I: THE STATE AND ITS GOVERNMENT
Chapter: 6-A · STATE BONDS
Status: current
Official source linked: Yes

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6-A:12 Bonds Sold at Discount or Premium. – For the purpose of determining the amount of bonds issued by the state pursuant to this chapter or any other law, the amount of any issue of bonds shall be equal to the net proceeds thereof, determined by adding to the face amount of the bond issue the premium, if any, related to bonds of that issue and then subtracting the discount, if any, related to bonds of that issue, provided that the state treasurer may apply all or a portion of any premium received on the sale of any such bonds, without appropriation, to the costs of issuing such bonds or to the credit of the general fund, in which case the amount of any premium so applied shall not be included in the net proceeds of the issue. The amount of bonds of any such issue considered outstanding at any time, for the purpose of computing any statutory debt limit, shall be determined by multiplying the face amount of the bonds of that issue then outstanding by a fraction, the numerator of which is the net proceeds of the issue as determined above, and the denominator of which is the face amount of the issue. For the purpose of determining the amount of bond proceeds expended by the state for purposes specified by any law, such proceeds shall be equal to the expenditure of the net proceeds of the issue, as determined above. Source. 1989, 182:1. 2008, 120:16, eff. Aug. 2, 2008.

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Source note

Source. 1989, 182:1. 2008, 120:16, eff. Aug. 2, 2008.

Source history

1989, 182:1
2008, 120:16, eff. Aug. 2, 2008

Related materials

Bill relationships

2026 HB1714 amend
the Senate and House of Representatives in General Court convened: 1 New Section; The State and Its Government; State Bonds; Bonds Issued for School Education Funding. Amend RSA 6-A by inserting after section 14 the following new section: 6-A:15 Bonds Issued for School Education Funding. I. Notwithstanding any provision of law to the contrary, the state treasurer shall issue bonds to fund p
2026 HB1714-FN amend
the Senate and House of Representatives in General Court convened: 1 New Section; The State and Its Government; State Bonds; Bonds Issued for School Education Funding. Amend RSA 6-A by inserting after section 14 the following new section: 6-A:15 Bonds Issued for School Education Funding. I. Notwithstanding any provision of law to the contrary, the state treasurer shall issue bonds to fund p
2025 HB2 reference
authorized to borrow on the credit of the state not exceeding the sum of $15,600,000 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A. The payment of principal and interest on the bonds and notes under this paragraph shall be a direct charge against the rents paid by state agencies including the office of professional licensure and certifica
2025 HB25 reference
thorized to borrow upon the credit of the state not exceeding the sum of $825,895.97 and for said purpose may issue bonds and notes in the name of and on behalf of the state of New Hampshire in accordance with RSA 6-A. Payments of principal and interest on the bonds and notes shall be made from the general fund of the state. IV. All contracts and projects and plans and specifications therefor for the projects authorized in