# N.H. Rev. Stat. § 162-K:3: 162-K:3 Authorization; Initial Adoption

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S3

## Section

- **Citation:** N.H. Rev. Stat. § 162-K:3
- **Heading:** 162-K:3 Authorization; Initial Adoption
- **Jurisdiction:** New Hampshire
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NH Code / Title XII / Chapter 162-K / Section 3

## Text

A municipality which adopts this chapter shall thereafter be authorized to establish one or more development districts. For each such district, the municipality shall establish a development program and a tax increment financing plan. A municipality that has not previously adopted this chapter may carry out the planning and hearing procedures for establishment of one or more development districts at the same time it is conducting the planning and hearing procedures on initial adoption of this chapter; provided that any vote on establishing a particular development district shall not be taken until after the legislative body shall have voted on the question of adopting this chapter.

## Nearby sections

- [N.H. Rev. Stat. § 162-K:1 162-K:1 Local Option.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S1.md)
- [N.H. Rev. Stat. § 162-K:2 162-K:2 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S2.md)
- [N.H. Rev. Stat. § 162-K:3 162-K:3 Authorization; Initial Adoption.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S3.md)
- [N.H. Rev. Stat. § 162-K:4 162-K:4 Hearing.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S4.md)
- [N.H. Rev. Stat. § 162-K:5 162-K:5 Establishment of Districts; Limitations.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S5.md)
- [N.H. Rev. Stat. § 162-K:6 162-K:6 District Establishment and Development Programs.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S6.md)
- [N.H. Rev. Stat. § 162-K:7 162-K:7 Grants.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S7.md)
- [N.H. Rev. Stat. § 162-K:8 162-K:8 Issuance of Bonds.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S8.md)
- [N.H. Rev. Stat. § 162-K:9 162-K:9 Tax Increment Financing Plan.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S9.md)
- [N.H. Rev. Stat. § 162-K:10 162-K:10 Computation of Tax Increments.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S10.md)
- [N.H. Rev. Stat. § 162-K:11 162-K:11 Annual Report.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S11.md)
- [N.H. Rev. Stat. § 162-K:12 162-K:12 Maintenance and Operation.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S12.md)
- [N.H. Rev. Stat. § 162-K:13 162-K:13 Administration.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S13.md)
- [N.H. Rev. Stat. § 162-K:14 162-K:14 Advisory Board.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S3. Check the current official text before relying on it. Not legal advice.