195-F:1 Declaration of Policy. – It is declared to be the policy of the state that for the benefit of the people of the state, the increase of their commerce, welfare, and prosperity and the improvement of their living conditions, it is essential that this and future generations of youths be given the fullest […]
195-F:10 Legal Investments. – To the extent that other securities of an educational institution are legal investments under state law, the state and all public officers, and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking […]
195-F:11 Exemption From Taxes, Levy and Sale. – I. All property of the educational institution division of the bank is hereby declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the state or any subdivision thereof. All […]
195-F:12 Insurance or Guaranty. – The bank is authorized and empowered to obtain from any department or agency of the United States or from any nongovernmental insurer any insurance or guaranty (to the extent now or hereafter available) as to, or of, or for, the payment or repayment of, interest or principal, or both, […]
195-F:13 Federal Funds; Withholding of Moneys. – I. The state treasurer is hereby authorized to receive from the United States or from any department or agency thereof any amounts of money as and when appropriated, allocated, granted, turned over or in any way provided for the purposes of this chapter, and said amounts shall […]
195-F:14 Additional Powers. – In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter and in RSA 35-A, shall have the following powers: I. To charge for its costs and services in review or consideration of any proposed […]
195-F:15 Limitations Not Applicable; Contracts of Educational Institutions; Terms of Bonds. – Notwithstanding the provisions of any law or statute applicable to or constituting any limitation on the maximum rate of interest per annum payable on bonds or notes, or as to annual interest cost to maturity of money borrowed or received upon issuance […]
195-F:16 Waiver of Defenses; Rights of Holders. – Upon the sale and issuance of any educational institution bonds to the bank by any educational institution, such educational institution shall be held and be deemed to have agreed that in the event of the failure of such educational institution to pay the interest on or […]
195-F:17 Cooperation by State Agencies. – All officers, departments, boards, agencies, divisions and commissions of the state are hereby authorized and empowered to render any and all of such services to the bank as may be within the area of their respective governmental functions as fixed or established by law and as may be […]
195-F:18 Agreements With Financial Institutions. – The bank is hereby authorized and empowered to enter into such agreements or contracts with any banks, trust companies, banking or financial institutions, within or without the state, as may be necessary, desirable or convenient in the opinion of the bank for rendering services to the bank in […]
195-F:19 Effectuation of Purposes. – In order to effectively carry out its purpose under this chapter of making loans to educational institutions by purchase of educational institution bonds, and by receipt of its income from service charges and from payments of interest on and the maturing principal of educational institution bonds purchased and held […]
195-F:2 Citation. – This chapter shall be known as, and may be cited as, the New Hampshire municipal bond bank educational institutions bond financing act. Source. 1982, 5:1, eff. Feb. 19, 1982.
195-F:20 Form of Investments. – All educational institution bonds or other investments of moneys of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form (subject to provisions for any registration in the name of the bank). All educational institution bonds at any […]
195-F:3 Definitions. – As used in this chapter: I. "Bank" means the New Hampshire municipal bond bank created and established by RSA 35-A:4. II. "Bonds" means bonds of the bank issued pursuant to this chapter. III. "Educational institution" means a public or other nonprofit institution situated within the state, which is either approved by […]
195-F:4 Bond Bank’s Authority. – I. The New Hampshire municipal bond bank established pursuant to RSA 35-A is hereby authorized and empowered to lend money to educational institutions through the purchase by the bank of educational institution bonds in fully marketable form. The bank, for the purposes authorized by this chapter, including the funding […]
195-F:5 General Power. – In addition to those powers enumerated in RSA 35-A:6, the bank shall have the authority to purchase or hold educational institution bonds at such prices and in such manner as the bank shall deem advisable and to sell educational institution bonds acquired or held by it at such prices without […]
195-F:6 Reserve Funds. – I. The bank may create and establish one or more educational institution reserve funds, hereafter referred to as "reserve funds", and shall pay into each such reserve fund any proceeds of sale of notes or bonds to the extent provided in the resolution or resolutions of the bank authorizing the […]
195-F:7 Educational Institution General Fund. – I. The bank shall establish and maintain a fund called the "educational institution general fund" which shall consist of and in which there shall be deposited (1) fees received or charges made by the bank for use of its services or facilities under this chapter; (2) any moneys […]
195-F:8 Additional Accounts. – The bank may establish such additional and further reserves or such other funds or accounts as may be, in its discretion, necessary, desirable or convenient to further the accomplishment of the purposes of the bank delineated under this chapter or to comply with the provisions of any agreement made by […]
195-F:9 Agreement by State. – The state does pledge to and agree with the holders of the bonds or notes issued pursuant to authority contained in this chapter that the state will not limit or restrict the rights hereby vested in the bank to purchase, acquire, hold, sell or dispose of educational institution bonds […]
