Section 432:30 Special Account; Bonds Authorized.
I. The state treasurer shall establish a separate account to which shall be credited all funds appropriated or acquired to fund the acquisition of development rights in accordance with RSA 432:17-31-a. This shall be a non-lapsing account, and funds in said account are hereby appropriated for the purposes of this subdivision.
II. To provide funds for any appropriation made for the account established in RSA 432:30, I, the state treasurer may borrow upon the credit of the state a sum as approved by the general court and issue bonds and notes in the name of and on behalf of the state in accordance with RSA 6-A. Any bonds issued under this section shall be payable not later than 10 years from their date or dates of issue.
III. The payment of principal and interest on the bonds and notes issued for the purposes of this subdivision shall be made when due from the general fund.
Source. 1985, 72:1. 1986, 15:8, eff. April 18, 1986.