TURNPIKE SYSTEM REVENUE BONDS
This chapter may be referred to as the "Turnpike System Revenue Bond Act." For purposes of this chapter, unless a different meaning clearly appears from the context, the following words shall have the following meanings:
I. "Bonds" means any bonds, notes or other evidences of indebtedness issued under this chapter.
II. "Construction" means acquisition, construction, reconstruction, equipping, enlargement or other capital improvement.
III. "Project costs" means all the costs of constructing, reconstructing, altering or dismantling a turnpike and, without limiting the generality of the foregoing, may include the costs of planning, designing, constructing, reconstructing, altering, dismantling, and landscaping such turnpike and all approaches, bridges and roads connecting thereto or connecting parts thereof, of all lands, property rights, rights-of-way, easements and franchises necessary or convenient for such construction, of all machinery and equipment, and of traffic estimates, administration, engineering, architectural and legal services, labor, plans, specifications, surveys, and estimates of costs and revenues, financing charges, interest prior to or during construction, and all such other expenses as may be necessary or incident to the financing and construction of such turnpike and the placing of the same fully in operation, and may include the funding of reserves for debt service and other expenses as may be determined in a bond resolution or trust or security agreement relating to such turnpike.
IV. "Revenues" means the tolls, rates, rents, fees, charges, receipts and other income derived or to be derived by the state from the operation of the turnpike system and all rights to receive the same, including grants, loans and other contributions from any governmental unit, investment earnings, and the proceeds of any borrowing hereunder or of any sale or disposition or insurance of any assets of the turnpike system.
V. "Turnpike" means any toll highway planned, constructed or operated under the provisions of RSA 237.
VI. "Turnpike system" means the central New Hampshire turnpike, the eastern New Hampshire turnpike, and the New Hampshire turnpike system as defined in RSA 237, turnpike service plazas, and such further toll highways and improvements, modifications, and extensions of toll highways as the general court may hereafter authorize under the provisions of said chapter.
Source. 1986, 203:14, eff. June 3, 1986. 2010, Sp. Sess., 1:77, eff. June 10, 2010.