{"data":{"id":"us-nh/rsa-33-4-a","jurisdiction":"us-nh","citation":"RSA 33:4-a","heading":"Debt Limit, Municipalities.","body":"I. Cities shall not incur net indebtedness, except for school purposes, to an amount, at any one time outstanding, exceeding 3 percent of their valuation determined as hereinafter provided.\nII. Cities shall not incur net indebtedness for school purposes to an amount at any one time outstanding, determined as hereinafter provided, exceeding 7 percent of said valuation. Any debt incurred for school purposes by a city under this or any special statute heretofore or hereafter enacted shall be excluded in determining the borrowing capacity of a city for other than school purposes under the 3 percent limitation in paragraph I.\nIII. Towns shall not incur net indebtedness to an amount at any one time outstanding exceeding 3 percent of their valuation determined as hereinafter provided.\nIV. School districts shall not incur net indebtedness to an amount at any one time outstanding exceeding 7 percent determined as hereinafter provided.\nV. Village districts shall not incur net indebtedness to an amount at any one time outstanding exceeding one percent of their valuation determined as hereinafter provided.","path":["Title III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES","Chapter 33: MUNICIPAL FINANCE ACT"],"source_url":"https://gc.nh.gov/rsa/html/III/33/33-4-a.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T12:28:55Z","sha256":"f450b85aae43e04b9f6e278066ca8f2d3aa3f587775e887d0330151771163ef0","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-33-4","next":"us-nh/rsa-33-4-b"},"notice":"GroundRules: Original legal text. Not legal advice."}