Title XII, Public Safety and Welfare

Bonds issued under this chapter shall be legal investments for all persons without limit as to the amount held, regardless of whether they are acting for their own account or in a fiduciary capacity. No person offering to buy or sell or buying or selling such bonds shall be requi…

All bonds and the interest thereon shall be exempt from taxation in this state.

Any eligible facility while owned by the authority is declared to be public property and shall be exempt from all taxes and special assessments of the state or any political subdivision of the state. In lieu of such taxes and special assessments the state or the political subdivi…

In an unincorporated place, the county commissioners, with the approval of the county delegation, may establish redevelopment districts to ensure that projects benefiting from the issuance of bonds guaranteed pursuant to RSA 162-I:9-a, I repay such bonds. The boundaries of the re…

I. The powers conferred by this chapter are supplemental and alternative to other powers conferred by law, and this chapter is intended as an independent and comprehensive conferral of powers to accomplish the purposes set forth in RSA 162-I:1. II. No notice, hearing, proceedings…

In this chapter: I. "Aircraft hangar facility" shall be an eligible facility and means any privately owned structure used for housing or repairing aircraft. I-a. "Authority" means the business finance authority created under RSA 162-A:3. II. "Board" means the board of directors o…

I. The authority shall have the following powers in addition to any other powers conferred upon it: (a) To engage in projects, to acquire and dispose of ownership or possessory interests in eligible facilities and related property within the state. (b) To issue bonds: (1) To pay …

Bonds issued under this chapter relative to railroad lines may finance the upgrading, construction or repair of railroad lines in the state.

I. There is hereby established in the office of the state treasurer a fund to be known as the intrastate energy pipeline facility revolving loan fund which shall be kept separate and distinct from all other funds. Moneys in the fund shall be nonlapsing and shall be continually ap…

Nothing in this chapter shall be construed to authorize the authority to operate an eligible facility itself or to conduct any business enterprise in connection with an eligible facility.

The authority's interest in the facility under a financing document may be that of owner, lessor, lessee, conditional or installment vendor, mortgagor, secured party or otherwise, but the authority need not have any ownership, possessory or security interest in the facility.

I. Every financing document shall: (a) Provide for payments by the user at such times and in such amounts as are necessary in order to pay the debt service on all bonds issued to finance the project as they become due; and (b) Obligate the user to pay all the costs and expenses o…

I. A security document may: (a) Contain an assignment, pledge, mortgage or other encumbrance of all or part of the authority's interest in, or right to receive payments with respect to, an eligible facility under a financing document; (b) Bear any appropriate title; (c) Provide f…

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) …

I. The authority shall not acquire any interest in a project or an eligible facility or execute any financing or security document or issue any bonds with respect to the project or facility, unless the governor and council have found after a hearing that the proposed financing, o…

I. The governor and council may award an unconditional state guarantee of the principal of and interest on bonds issued under this chapter. Any guarantee awarded pursuant to this section shall be solely for the purpose of financing a redevelopment district, and only to the extent…

I. (a) The governor and council may award an unconditional state guarantee of the principal of and interest on bonds issued under this chapter. The full faith and credit of the state shall be pledged for any such guarantee, but the total amount of bonds guaranteed by the state un…