New Hampshire Revised Statutes 122:7 – Disbursement of Lease Receipts by State
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Whenever the state treasurer has funds in his possession paid by the United States on account of leasing of land acquired by the United States for flood control purposes, he shall immediately remit the funds, in proportion to the area of lease land which lies in each town as shown by the comprehensive plan for flood control of the New England Division Corps of Engineers, as follows:
I. To the treasurer of the school district of those towns which are coextensive with a school district, for the benefit of the schools in the district; or
II. To the treasurer of the town of those towns with which the school district is not coextensive, for the benefit of the public roads in the town.
I. To the treasurer of the school district of those towns which are coextensive with a school district, for the benefit of the schools in the district; or
Terms Used In New Hampshire Revised Statutes 122:7
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
- United States: shall include said district and territories. See New Hampshire Revised Statutes 21:4
II. To the treasurer of the town of those towns with which the school district is not coextensive, for the benefit of the public roads in the town.