N.H. Rev. Stat. § 6:13-d

Current through Chapter 381 of the 2024 Legislative Session
Section 6:13-d - [See Note] Authority to Borrow; Certain Transportation Projects
I. The state treasurer, as may be requested from time to time by the commissioner of the department of transportation, is hereby authorized to borrow upon the credit of the state not exceeding the sum of $200,000,000 and shall issue general obligation or revenue bonds, or both, in the name and on behalf of the state of New Hampshire in accordance with the provisions of RSA 6-A, to provide funds for the widening of Interstate 93 from Salem, New Hampshire to Manchester, New Hampshire. In addition, authorization is hereby granted to enter into the federal credit program known as the Transportation Infrastructure Finance and Innovation Act (TIFIA), 23 U.S.C. sections 601-609, including appropriate covenants and conditions necessary to secure favorable credit terms, including, without limitation, a pledge of revenue collected from adjustments under RSA 260:32-a for rates that exceed $.18 per gallon, less required "Apportionment A" distributions under RSA 235:23, I, on said revenues and to be used for the purposes set forth in RSA 260:32-b, II(a), III(a), and IV(a).
II. Payment of principal and interest on the bonds issued under paragraph I shall be paid when due from the highway funds collected and appropriated in accordance with RSA 260:32-a for rates that exceed $.18 per gallon and expended in accordance with RSA 260:32-b.

RSA 6:13-d

Amended by 2015 , 276: 211, eff. 7/1/2015.
Repealed by 2014 , 17: 5, eff. on the date the state treasurer certifies to the governor, the senate president, the speaker of the house of representatives, the commissioner of the department of safety, the director of the office of legislative services, and the secretary of state that the bonds authorized in RSA 6:13-d are paid in full, or 20 years after the initial issuance of such bonds, whichever is earlier.
Added by 2014 , 17: 4, eff. 7/1/2015.

2014, 17 : 4 , eff. July 1, 2015. 2015, 276 : 211 , eff. July 1, 2015.