MHHS · Municipal Government Act
Part 8 — Financial Administration
256 Operating expenditures
of financing operating expenditures.
(2) The amount to be borrowed, together with the unpaid principal
of other borrowings made for the purpose of financing operating
expenditures, must not exceed the amount the municipality
estimates will be raised in taxes in the year the borrowing is made.
(3) A borrowing bylaw that authorizes the borrowing does not
have to be advertised if the term of the borrowing does not exceed
3 years.
1994 cM-26.1 s256
RSA 2000
Section 257 MUNICIPAL GOVERNMENT ACT Chapter M-26
184