Section 204-C:84 – Investment of Funds.
204-C:84 Investment of Funds. – Moneys deposited into the fund may be invested by the authority. Income earned from such investments shall be returned to the fund, provided, however, that the authority may use up to 10 percent of any such investment income to defray the cost of administering this subdivision. Source. 1992, 12:1. […]
Section 204-C:85 – Rulemaking.
204-C:85 Rulemaking. – The authority shall adopt rules, pursuant to RSA 204-C:53, governing the homeless prevention fund. Such rules shall include: I. The nature and extent of the rent subsidy authorized under this subdivision. II. Qualifications of households eligible to receive direct housing assistance payments. III. The nature and extent of ancillary payments on […]
Section 204-C:86 – Coordination with Other Programs.
204-C:86 Coordination with Other Programs. – The authority shall ensure that the homeless prevention program supported through the fund is coordinated with other housing assistance programs administered by the authority, the federal government, state agencies, local public authorities, and local governments. Source. 2000, 251:4, eff. Jan. 1, 2001.
Section 204-C:77 – Subrogation and Order of Payment.
204-C:77 Subrogation and Order of Payment. – Whenever the authority pays to a lender any sum in discharge of the state’s liability as guarantor under this section, the authority shall be to that extent subrogated to the lender’s right, title and interest in any security pledged to the loan. Amounts received by the authority […]
Section 204-C:78 – Guarantee Fee.
204-C:78 Guarantee Fee. – The authority shall collect from the lender a guarantee fee. Notwithstanding any provision of law to the contrary, such fee may be assessed by the lender against the borrower as a permitted loan charge. The authority shall segregate such fees into a special account subject to withdrawal in order to […]
Section 204-C:79 – Guarantee; Credit of State Pledged.
204-C:79 Guarantee; Credit of State Pledged. – The full faith and credit of the state is pledged to support and redeem the certificates of guarantee issued by the authority. In furtherance of that pledge, the state treasurer shall advance to the authority from available cash in the treasury or from proceeds of bonds or […]
Section 204-C:67 – Public Benefit.
204-C:67 Public Benefit. – The authority shall review each request for assistance under this subdivision to objectively determine whether such request is primarily for a public purpose and benefit in accordance with RSA 204-C:20. Source. 1988, 240:10, eff. July 1, 1988.
Section 204-C:68 – Rulemaking.
204-C:68 Rulemaking. – Pursuant to RSA 204-C:53, the authority shall adopt rules relative to: I. Criteria for eligibility for loans made under this subdivision. II. Application procedures for such loans. III. Interest rates and amount of loans. IV. Procedures for repayment of loans made under this subdivision. V. Any other matter necessary to the […]
Section 204-C:69 – Coordination with Other Programs.
204-C:69 Coordination with Other Programs. – The authority shall establish procedures to ensure that the loan program established under this subdivision shall be coordinated with programs administered by the authority including but not limited to the other mortgage assistance programs administered by the authority. Source. 1988, 240:10, eff. July 1, 1988.
Section 204-C:70 – Investment of Funds.
204-C:70 Investment of Funds. – Moneys appropriated under this subdivision and revenues received from interest payments or loan repayments may be invested by the authority. Income earned from such investment and any interest payments received from loan recipients shall be returned to the program; provided, however, that the authority may use up to 10 […]