RSA 369-B:6 Creation, Assignment, and Pledge of RRB Property.

I. The RRB charge shall constitute RRB property when, and to the extent that, a finance order authorizing such RRB charge has become effective in accordance with this chapter, and the RRB property shall thereafter continuously exist as a current and irrevocable vested property right for all purposes with all of the rights and privileges of this chapter for the period and to the extent provided in the finance order, but in any event until the rate reduction bonds, including all principal, interest, premium, costs, and arrearages on such bonds, are paid in full. Prior to its sale or other transfer by the electric utility pursuant to this chapter, RRB property shall be a vested contract right of the electric utility, notwithstanding any contrary treatment thereof for accounting, tax, o