162-G:1 Adoption. – I. Any city or town that adopts the provisions of this chapter shall have all of the authority, powers, duties and responsibilities set forth in this chapter. II. Adoption in a town with a town meeting shall be by a majority vote of all of the registered voters present and voting […]
162-G:10 Action by the Governmental Unit. – I. Action under this chapter may be in concert with the business finance authority acting under RSA 162-A, or projects may be sold to such authority at any time during their development. Business and industrial facilities may be located outside the boundaries of the governmental unit or […]
162-G:11 Trust Funds. – All moneys received or held pursuant to a lease or a trust indenture shall be deemed to be trust funds to be held and applied solely in accordance with the lease or the trust indenture. Source. 1972, 57:1, eff. May 26, 1972.
162-G:12 Bonds Exempt From Taxation. – All bonds and the interest thereon shall be exempt from taxation in the state of New Hampshire. Source. 1972, 57:1, eff. May 26, 1972.
162-G:12-a Covenants With Bondholders. – The governmental unit, by resolution of its governing body, may covenant with holders of its bonds, issued under this chapter, in such manner and to such extent as the governing body deems necessary, that the governmental unit will act in such a way as to preserve, or refrain from […]
162-G:13 Repealed by 1975, 481:13, eff. Aug. 22, 1975. –
162-G:14 Tax Exemption. – Any business and industrial facility while owned by a governmental unit or by a voluntary, nonprofit corporation acting in behalf of the governmental unit is declared to be public property and shall be exempt from all taxes and special assessments of the state or any political subdivision thereof; provided, that […]
162-G:15 Voluntary Nonprofit Corporations; Authorities. – Any voluntary, nonprofit corporation or association formed under RSA 292:1 for the purpose of taking advantage of this chapter shall be a body politic and corporate constituting a public corporation. The governmental unit may loan money to such corporation or association or an authority established under RSA 162-G:15-a, […]
162-G:15-a Action Through Business and Industrial Development Authority. – I. The powers and duties granted by this chapter, unless otherwise expressly provided in this chapter, may be exercised by one or more governmental units acting through one or more business and industrial development authorities established under this section. II. The legislative bodies in one […]
162-G:16 Construction and Effect of Other Laws. – I. The powers conferred by this chapter are supplemental and alternative to other powers conferred by law, and this chapter is intended to be an independent and comprehensive conferral of powers to accomplish the purposes set forth in RSA 162-G:2. II. No notice, proceedings, or approval […]
162-G:17 Water Facilities. – I. Any municipality or other political subdivision enabled to adopt the provisions of RSA 162-G may, by similar action, adopt the provisions of this section. Any such municipality or other political subdivision which adopts the provisions of this section may engage in projects under RSA 162-G which have as their […]
162-G:2 Declaration of Need and Purpose. – It is hereby declared that there is a need for the development and preservation of business and industry within the state in order to alleviate and prevent unemployment, to insure the continued growth and prosperity of the state, and of the cities and towns within the state […]
162-G:3 Definitions. – As used in this chapter, unless the context otherwise requires, the following words and terms shall have the following meanings: I. " Bond " shall mean an evidence of indebtedness issued by the governmental unit or a business and industrial development authority under this chapter to finance a project in whole […]
162-G:4 Powers of the Governmental Unit. – The governmental unit shall have the following powers in addition to any other powers conferred upon it. I. To engage in projects and to acquire, lease as lessee, own, and dispose of business and industrial facilities within or without the municipality, and to enter into option contracts […]
162-G:4-a Sales and Leases. – I. The sale or lease of any business and industrial facility or any part thereof shall be on such terms and conditions as is deemed appropriate by the legislative body or the business and industrial development authority to which the power to make such findings has been delegated, except […]
162-G:5 Leases. – I. Every lease or sublease entered into by a municipality as lessor or sublessor shall: (a) Provide for the payment of rent by the tenant at such times and in such amounts as are necessary in order to pay the principal and interest of all bonds issued to finance the project […]
162-G:6 Trust Indentures. – I. A trust indenture may contain a mortgage, pledge, or assignment of all or part of any interest or right which the governmental unit may have as the owner or lessor of a business and industrial facility. Any pledge or assignment of a right to receive money which is contained […]
162-G:7 Bonds. – I. Bonds authorized under this chapter may be issued: (a) In one or more series of one or more denominations and bearing one or more rates of interest; (b) In bearer form or registered form with or without privileges of conversion and reconversion from one form to the other; (c) Payable […]
162-G:7-a Authority Bonds. – I. A business and industrial development authority established under RSA 162-G:15-a may issue bonds to pay project costs or to reimburse a tenant for payments for project costs made before or after the bonds are issued or to refund bonds previously issued. II. Bonds shall bear the manual signature of […]
162-G:8 Approval of Governing Body or Business and Industrial Development Authority. – I. Except as provided in paragraph II, no municipality shall acquire any business and industrial facility, or execute any lease or trust indenture or issue any bonds with respect thereto, unless the governing body has found after a hearing that the proposed […]
