# N.H. Rev. Stat. § 162-K:5: 162-K:5 Establishment of Districts; Limitations

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-K_S5

## Section

- **Citation:** N.H. Rev. Stat. § 162-K:5
- **Heading:** 162-K:5 Establishment of Districts; Limitations
- **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 5

## Text

Upon a finding that such action will serve public purposes, the legislative body of the municipality may create, within its jurisdiction, development districts. The area of a district may be enlarged following the date of designation of the district. Municipalities establishing development districts shall comply with one of the following limitations: I. The total acreage included in any one development district when designated shall not exceed 5 percent of the total acreage of the municipality, and when added to the total current acreage within the development districts for which bonds remain outstanding shall not exceed 10 percent of the total acreage of the municipality. II. The total assessed value of taxable real property of any one development district when designated shall not exceed 8 percent of the most recent total assessed value of taxable real property in the municipality, and when added to the current total assessed value of taxable real property within development districts for which bonds remain outstanding, shall not exceed 16 percent of the most recent total assessed value of taxable real property in the municipality.

## 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_S5. Check the current official text before relying on it. Not legal advice.