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Home » US Law » 2022 New Hampshire Revised Statutes » Title I - The State and Its Government » Title 12-G - Pease Development Authority

Section 12-G:28 – Eligible Investments.

    12-G:28 Eligible Investments. – Bonds issued under the provisions of RSA 12-G:17-28 are hereby made securities in which all public officers, agencies and authorities of the state and of its political subdivisions, insurance companies, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or […]

Section 12-G:29 – Audit and Annual Reports.

    12-G:29 Audit and Annual Reports. – The accounts of the authority shall be subject to an annual audit performed by an independent certified public accountant selected by the authority. The authority shall submit annually to all appointing authorities, to the house finance committee, the senate finance committee, the senate president, the speaker of the […]

Section 12-G:3 – Pease Development Authority Established.

    12-G:3 Pease Development Authority Established. – I. There is hereby created a body politic and corporate of the state, to be known as the Pease development authority, to carry out the provisions of this chapter. The authority is hereby deemed to be a public instrumentality, and the exercise by the authority of the powers […]

Section 12-G:31 – State Bond Guarantee.

    12-G:31 State Bond Guarantee. – I. In view of the general public benefits expected to be derived from the airport property acquisitions and airport projects to be financed under this chapter, and their contribution to the social and economic prosperity of the state and its political subdivisions, the governor and council may award an […]

Section 12-G:32 – Operating Budget.

    12-G:32 Operating Budget. – The authority shall comply with the requirements of RSA 9:1 through 9:9, relative to the budget. The authority shall include in its biennial estimate of the expenditure requirements of the division of ports and harbors a separate line item titled "Reimbursement to Pease Development Authority for Services" and request a […]

Section 12-G:34 – Pease Matching Grants.

    12-G:34 Pease Matching Grants. – Notwithstanding any other provision of law, the state treasurer is authorized to borrow upon the credit of the state a sum not exceeding $5,000,000 to make a loan or loans to the authority to be used for the purposes of matching funds for Federal Aviation Administration grants, Economic Development […]

Section 12-G:37 – Pease Development Authority Ports and Harbors Fund.

    12-G:37 Pease Development Authority Ports and Harbors Fund. – I. For the purpose of providing a fund to be known as the Pease Development Authority Ports and Harbors Fund, the state treasurer shall credit to such fund any appropriation made to the authority for each fiscal year relating to the division, division property, a […]

Section 12-G:39 – Acquisition of Land for Port Purposes.

    12-G:39 Acquisition of Land for Port Purposes. – In addition to any other power or authority conferred on the authority under this chapter, the authority, with the approval of the governor and council, may, in the name of the state, purchase, lease, or otherwise acquire lands or interests in land, including options, on, near, […]

Section 12-G:4 – Management by Board of Directors; Executive Director.

    12-G:4 Management by Board of Directors; Executive Director. – I. The management of the authority shall be vested in a board of 7 directors to be appointed as follows: (a) One member appointed by the governor and executive council. (b) One member appointed by the mayor and city council of the city of Portsmouth. […]

Section 12-G:40 – Improvements.

    12-G:40 Improvements. – The authority, with the approval of the governor and council as to the nature and specifications of the intended project and the cost thereof, may undertake the improvement of any land acquired by it pursuant to RSA 12-G:39 by the construction thereon of piers, wharves, docks, warehouses, or other facilities as […]

Section 12-G:41 – Reservation of Local Authority.

[RSA 12-G:41 effective until November 16, 2022; see also RSA 12-G:41 set out below.]     12-G:41 Reservation of Local Authority. – All towns and cities within the confines of which there are ports, harbors, or navigable tide rivers of the state which are subject to the jurisdiction of the authority, or the division acting on […]

Section 12-G:42 – Additional Powers and Duties.

    12-G:42 Additional Powers and Duties. – The authority, acting through its division of ports and harbors, shall be responsible for the former functions, duties, and responsibilities of the port authority and shall have the following powers and duties in addition to any other powers and duties set forth in this chapter: I. Have the […]

Section 12-G:43 – Division of Ports and Harbors.

    12-G:43 Division of Ports and Harbors. – I. There is established within the authority a division of ports and harbors that is subject to the direction and control of the board, the executive director, and the division director. The division of ports and harbors shall: (a) Plan for the maintenance and development of the […]

Section 12-G:43-a – Report on the Division of Ports and Harbors.

    12-G:43-a Report on the Division of Ports and Harbors. – I. The division director shall submit a biennial report on the status of development at the division to the governor and council, the board, the mayor and the city council in the city of Portsmouth, the selectmen in the towns of Rye, Newington, Hampton, […]

Section 12-G:44 – Division of Ports and Harbors Advisory Council.

    12-G:44 Division of Ports and Harbors Advisory Council. – I. There is hereby established a division of ports and harbors advisory council consisting of 8 members, 6 of whom shall be appointed by the governor, with the advice and consent of the council. Two of said appointive members shall be residents of the cities […]