Section 162-S:11 – State Pledge.
162-S:11 State Pledge. – The state does hereby pledge to and agree with the holders of bonds issued under this chapter that the state shall not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the holders of such bonds or in any way […]
Section 162-S:12 – Selection of Authority Bond Program Administrator.
162-S:12 Selection of Authority Bond Program Administrator. – After the initial designated members have been appointed pursuant to RSA 162-S:3, II, the business finance authority may select a qualified firm to assist in the carrying out of the powers of the authority and the administration of the business of the authority conferred by this […]
Section 162-S:13 – Rulemaking.
162-S:13 Rulemaking. – I. The authority shall be exempt from the rules of any department, commission, board, bureau, or agency of the state except as otherwise provided in this chapter. II. The authority shall be exempt from the provisions of RSA 541-A and may adopt rules in accordance with its own procedures to facilitate, […]
Section 162-S:6 – Sale of Bonds.
162-S:6 Sale of Bonds. – I. The sale of bonds under this section shall be conducted as provided in the resolution therefor or as directed by the person or persons to whom a delegation of authority has been made pursuant to RSA 162-S:5, II. II. A sale of bonds may be public or private, […]
Section 162-S:7 – Bond Security.
162-S:7 Bond Security. – I. The authority may secure bonds by a trust agreement or indenture or other agreement by and between the authority and one or more corporate trustees. Such trust agreement, indenture, or other agreement may contain provisions for pledging properties, revenues, and other collateral; holding and disbursing funds; protecting and enforcing […]
Section 162-S:8 – No Personal Liability.
162-S:8 No Personal Liability. – No designated member, director, officer, employee, or agent of the authority, the business finance authority, or a business entity created under RSA 162-S:4, III shall be liable personally on the bonds or any contract entered into by the authority or such business entity or subject to any personal liability […]
Section 162-S:9 – Bonds not Public Debt.
162-S:9 Bonds not Public Debt. – I. Unless otherwise expressly provided in the resolution therefor, bonds of the authority shall be limited obligations of the authority payable solely from amounts received by or on behalf of the authority from revenues derived from the project to be financed or refinanced thereby, or from any contract […]
Section 162-S:10 – Limitations.
162-S:10 Limitations. – I. To the extent required by section 147(f) of the Internal Revenue Code of 1986, as amended, or by any applicable successor provision of federal tax law, the authority may not issue bonds to finance a project in any state or territory of the United States unless the governor, or his […]
Section 162-S:1 – Declaration of Policy.
162-S:1 Declaration of Policy. – It is declared that the policy of the state of New Hampshire is to promote itself as an effective location for private enterprise, and therefore the policy of the state of New Hampshire is to provide for the establishment, support, preservation, and redevelopment of business and industry, whether or […]
Section 162-S:2 – Definitions.
162-S:2 Definitions. – Unless the context otherwise clearly requires, in this chapter: I. " Authority " or " national finance authority " means the business finance authority acting pursuant to this chapter and operating under the name "national finance authority." II. " Business finance authority " means the New Hampshire business finance authority created […]