Section 481:32 Hydro Funds. - New Hampshire Statutes

   I. Revenue to the state resulting from the leasing of state-owned dams for hydroelectric generation shall be credited to the fund established in RSA 482:55 for the purpose of the retirement of bonds and notes authorized by RSA 482:56.
   II. Notwithstanding any other provision of law, the department may transfer to this fund such gifts and grants as it may from time to time receive, together with any surplus revenue held by the department and derived from its management of water resources properties.
   III. Any amount of revenue over and above the amount required to retire said bonds shall be credited to the dam maintenance fund for the repair and reconstruction of other state-owned dams, authorized by the legislature and with the approval of governor and council, or for work on properties associated with state-owned dam sites.

Source. 1982, 24:1; 42:168. 1983, 169:1. 1986, 202:6, I(k). 1989, 339:32. 1996, 228:109, eff. July 1, 1996. 2001, 138:2, eff. Aug. 28, 2001.