TITLE III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
CHAPTER 52-A SPECIAL ASSESSMENT DISTRICTS
Section 52-A:9
52-A:9 Issuance of Bonds and Other Indebtedness. –
I. A municipality may borrow money and issue bonds or notes to finance the public facilities and services of a special assessment district, provided that bonds or notes may be issued only for the purposes authorized under RSA 33:3 or RSA 33:3-c. All bonds or notes authorized in accordance with this section shall be issued under the procedures in RSA 33, provided that the payments on the bond and note shall be made only from special assessment district revenues.
II. Any such debt shall at no time be included in the net indebtedness of the municipality for the purpose of ascertaining its borrowing capacity under RSA 33.