Section 162-A:14 – Agreements Commercially Reasonable.
162-A:14 Agreements Commercially Reasonable. – Any agreements entered into by the state or the authority under this chapter shall be deemed to be on commercially reasonable terms. Source. 1992, 262:3, eff. May 15, 1992.
Section 162-A:15 – Issuance of Bonds.
162-A:15 Issuance of Bonds. – I. The authority may issue bonds pursuant to this section which shall be obligations of the authority and not general obligations of the state, except as provided in RSA 162-A:17. Such bonds may be issued from time to time consistent with the purposes and provisions of this chapter to […]
Section 162-A:16 – Eligible Investments.
162-A:16 Eligible Investments. – Bonds issued under the provisions of this chapter 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 162-A:17 – State Bond Guarantee.
162-A:17 State Bond Guarantee. – I. In view of the general public benefits expected to be derived from the authority’s activities under this chapter, and their contribution to the social welfare and economic prosperity of the state and its political subdivisions, the governor and council may award an unconditional state guarantee of the principal […]
Section 162-A:18 – Programs for Public Purpose; Required Findings.
162-A:18 Programs for Public Purpose; Required Findings. – I. The authority shall not take any action described in RSA 162-A:7, IV, 162-A:9, III, 162-A:10, IV, or 162-A:12, V, and the governor and council shall not award any guarantee under RSA 162-A:7-a, RSA 162-A:8, RSA 162-A:10, III, RSA 162-A:13, or RSA 162-A:13-a unless the governor […]
Section 162-A:19 – Hearings.
162-A:19 Hearings. – I. Promptly after the beginning of each calendar year the authority shall conduct a public hearing regarding the use of any available contingent credit limit under RSA 162-A:22 and regarding the allocation of such available contingent credit limit among uses authorized by this chapter. Such hearing may be held before a […]
Section 162-A:20 – Meetings.
162-A:20 Meetings. – The authority shall hold its meetings in a building that is accessible to persons with disabilities. Six voting members of the board shall constitute a quorum, and the affirmative vote of a majority of members in attendance at a meeting shall be necessary for any action taken by the board. No […]
Section 162-A:21 – Revenues and Expenses of Authority.
162-A:21 Revenues and Expenses of Authority. – The revenues received by and due to the authority from any and all sources under this chapter and RSA 162-I shall be retained by the authority and shall be used in such manner as may be determined by the authority consistent with the provisions of this chapter. […]
Section 162-A:21-a – Administration of Additional Funds Received by the Authority.
162-A:21-a Administration of Additional Funds Received by the Authority. – The authority may receive funds from any source in accordance with a public or private program, provided that such program shall have as a principal function the promotion, encouragement, or development of economic activity. The authority shall administer, loan, advance, or otherwise utilize such […]
Section 162-A:22 – Unified Contingent Credit Limit.
162-A:22 Unified Contingent Credit Limit. – The total amount of state guarantees in force under RSA 162-A:7-a, RSA 162-A:8, RSA 162-A:10, III, RSA 162-A:13, RSA 162-A:13-a, RSA 162-A:17, and RSA 162-I:9-b shall not exceed in the aggregate at any time $50,000,000 plus interest, provided that such amount shall be increased to $80,000,000 plus interest […]