CHAPTER 374-D MUNICIPAL SMALL SCALE POWER FACILITY BONDS
Section 374-D:1
374-D:1 Definitions. –
For the purposes of this chapter:
I. "Bond" or "note" means a bond or note or other evidence of indebtedness issued under this chapter by a municipality, the payment of principal or interest of which is secured by the revenues derived from a small scale power facility, the full faith and credit and taxing power of such municipality, or any combination thereof.
II. "Governing board" means the selectmen of a town, and the commissioners or comparable officers of a county or village district.
III. "Municipality" means any county, city, town, or village district within the state.
IV. "Small scale power facility" or "facility" means a facility which produces electrical energy solely by the use, as a primary energy source, of biomass, waste, geothermal energy, renewable resources including but not limited to the flow of water, or any combination thereof and which has a rated capacity of not more than 80 megawatts. Such facility shall include all other equipment and structures designed to generate, distribute, and transmit electrical energy either to or from such facility.