There is a newer version of the New Hampshire Revised Statutes
2015 New Hampshire Revised Statutes
Title XXXIV - PUBLIC UTILITIES
Chapter 374 - GENERAL REGULATIONS
Section 374:11 - Use of Depreciation Fund.
NH Rev Stat § 374:11 (2015) What's This?
374:11 Use of Depreciation Fund. – The depreciation fund may be expended in new construction, extensions or additions to the property of the public utility, or invested and, if invested, the net income from the investment shall be added to the depreciation fund, unless the commission for good cause shown shall otherwise order. Such fund may be used only for new construction, extensions or additions to physical property or for renewing, restoring, replacing or substituting depreciated property in order to keep its plant and system in a state of repair and efficiency, or for paying debts incurred for such purposes.
Source. 1913, 98:1. PL 240:10. RL 289:10. 1951, 203:29, eff. Sept. 1, 1951.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
