The debt limit restrictions of this chapter shall not apply to a solid waste management district formed under RSA 53-B or to the debts or obligations incurred by such a district. Debts or obligations of a member municipality to such a district shall at no time be included in the net indebtedness of the municipality for the purposes of determining its borrowing capacity.
N.H. Rev. Stat. Ann. § 33:6-e
Exclusion from Debt Limit; Solid Waste Management Districts
Known as the Municipal Finance Act
The act spans §§ 33–33 (53 sections).
Source. 1994, 367;15, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.