Section 162-A:4 – Management.
162-A:4 Management. – I. The management of the authority shall be vested in a board of 14 directors, who shall serve without compensation. The governor, with the consent of the council, shall appoint 9 members of the board, who shall include an executive director of a regional planning commission and one elected or appointed […]
Section 162-A:5 – Vacancy, Removal, or Suspension.
162-A:5 Vacancy, Removal, or Suspension. – I. If a vacancy shall occur by death, resignation, or otherwise of a director appointed by the governor, then the governor, with the advice and consent of the council, shall fill the same for the unexpired term. The governor and council may at any time remove a director […]
Section 162-A:5-a – Administrative Officers; Compensation.
162-A:5-a Administrative Officers; Compensation. – I. The board shall appoint an executive director, a senior credit officer, a chief financial officer, and other personnel determined by the board to be necessary to carry out the purposes of this chapter. The executive director, the senior credit officer, and the chief financial officer shall serve at […]
Section 162-A:5-b – Access to Capital Funding for Community Health Centers.
162-A:5-b Access to Capital Funding for Community Health Centers. – The board shall develop a mechanism to open access to capital for New Hampshire community health centers. The mechanism may include prioritization within pools of funding, loans, state loan guarantees, and any other mechanisms to increase capital funding of the expansion for community health […]
Section 162-A:6 – Incorporation; Powers.
162-A:6 Incorporation; Powers. – The authority shall be a corporation in the state of New Hampshire and shall have powers to: I. Sue and be sued. II. Have a seal and alter the same at pleasure. III. Adopt and amend bylaws. IV. Adopt rules, under RSA 541-A, relative to: (a) A description of its […]
Section 162-A:7 – Aid to Local or Regional Development Organizations.
162-A:7 Aid to Local or Regional Development Organizations. – I. The authority may expend or loan money upon such terms and conditions as prescribed by the authority to acquire, develop, redevelop, construct, renovate, or expand real or personal property for business use. No expenditure or loan shall be made by the authority under this […]
Section 162-A:7-a – Guarantee of Loans to Local Development Organizations.
162-A:7-a Guarantee of Loans to Local Development Organizations. – I. Upon recommendation of the authority for the proper implementation of the declared purposes of this chapter, the governor and council may award a state guarantee of the principal of, interest on, and reasonable collection expenses related to, loans to local development organizations which provide […]
Section 162-A:8 – Guarantee of Loans to Small Businesses.
162-A:8 Guarantee of Loans to Small Businesses. – I. Upon recommendation of the authority for the proper implementation of the declared purposes of this chapter, the governor and council may award a state guarantee of the principal of, interest on, and related reasonable collection expenses and costs of any loan made by a private […]
Section 162-A:2 – Definitions.
162-A:2 Definitions. – In this chapter: I. "Authority" means the business finance authority, formerly known as the industrial development authority and the industrial park authority. II. "Board" means the board of directors of the authority. III. "Bond" means any bond, note or other evidence of indebtedness issued by the authority under this chapter. IV. […]
Section 162-A:3 – Authority Created.
162-A:3 Authority Created. – There is hereby created the business finance authority, formerly operating and known as the industrial development authority, which shall be a body corporate and politic having a distinct legal existence separate from the state and not constituting a department of state government having the powers and jurisdiction enumerated in this […]