Section 374-D:4 Notes. - New Hampshire Statutes

In anticipation of the issuance of bonds under this chapter, a municipality may issue notes under RSA 33:7-a in the manner provided, except that such notes shall be payable within 8 years from their respective dates, and the principal of and interest on notes issued for a shorter period may be renewed or paid from time to time by the issue of other notes under this chapter. Such notes, except as they may be renewed or refunded under this chapter, shall be payable only from such sources as the vote authorizing the bonds may specify. Unless otherwise provided in the authorizing vote, the municipality may cause notes to be refunded to the extent provided in this chapter.

Source. 1981, 545:6, eff. Aug. 29, 1981.