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2021 New Hampshire Revised Statutes
Title III - Towns, Cities, Village Districts, and Unincorporated Places
Title 31 - Powers and Duties of Towns
Section 31:12 - Amount; Debt Limit.
Universal Citation: NH Rev Stat § 31:12 (2021)
31:12 Amount; Debt Limit. –
Loans so effected shall not exceed the amount of the funds so lost or unavailable; and the proceeds thereof shall be held in lieu of such funds and applied to the same uses. The loans shall not be included in determining the authorized borrowing capacity of the municipality.
Source. 1925, 1:1. PL 42:12. RL 51:12.
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