2002 SESSION

01-2383

10/09

HOUSE BILL 1398

COMMITTEE: Municipal and County Government

ANALYSIS

This bill changes the vote required for issuance of bonds by the Sunapee water and sewer commission.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01-2383

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Two

Be it Enacted by the Senate and House of Representatives in General Court convened:

102:1 Town of Sunapee Water and Sewer Commission; Borrowing Money; Vote Requirement Changed. Amend 1901, 197:5 as amended by 1973, 465:2 to read as follows:

197:5 Borrowing Money. Said town of Sunapee is also authorized, at any annual or special meeting, [by a two-thirds vote of those present and voting] in accordance with the requirements of RSA 33:8, to borrow or hire such sum of money, on the credit of the town, as may from time to time be deemed advisable for the purpose of defraying the expense of purchasing real estate, rights in real estate, water rights, streams, springs, pond, and rights as aforesaid, and for constructing, maintaining, and operating a water works and sewer system, and to issue notes or bonds of the town therefor, payable at such times and at such rate of interest as may be thought proper. The water and sewer system of said town shall be maintained and operated as one system and tolls collected from either source may be used and expended for any part of said system.

102:2 Effective Date. This act shall take effect upon its passage.

(Approved: May 3, 2002)

(Effective Date: May 3, 2002)