RSA 6:13 Borrowing Money.

I. When it is anticipated that there will not be sufficient general funds in the treasury for the payment of obligations, the treasurer, under the direction of the governor and council, is authorized to borrow on the state's credit such sums as may be necessary, not to exceed the amount authorized by the governor and council, provided that at no time shall the indebtedness of the state, pursuant to the authority granted by this section exceed the sum of $200,000,000.
II. Unless otherwise provided by the governor and council, the treasurer shall have the authority to borrow at one time, or from time to time, up to the aggregate amount authorized by the governor and council under this section, and to determine the amounts, dates, maturities, and other details of each borrowing.