Title XV, Education

All moneys received pursuant to the authority of this chapter whether as proceeds from the sale of bonds or as revenues, are trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, such moneys are depo…

Any holder of revenue bonds issued under the provisions of this chapter or of any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any such resolution authorizing the issu…

The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state, for the increase of their commerce, welfare and prosperity, and for the improvement of their health and living conditions, and will constitute the performance of…

I. The corporation is authorized to provide for the issuance of its revenue bonds for the purpose of refunding any revenue bonds of the corporation then outstanding, including the payment of any redemption premium thereon and any interest accrued or to accrue to the earliest or s…

Bonds issued by the corporation under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, credit unions, building and loan associa…

I. Within 4 months after the close of the second fiscal year of the corporation and biennially thereafter, it shall make a report to the governor and council of its activities for both preceding fiscal years and such report shall set forth a complete operating and financial state…

All expenses incurred in carrying out the provisions of this chapter shall be payable solely from funds provided under the authority of this chapter and no liability or obligation shall be incurred by the corporation under this chapter, beyond the extent to which moneys shall hav…

This chapter as amended may be referred to as and cited as the "New Hampshire Health and Education Financing Act".

The state is not liable for the payment of the principal of or interest on any bonds of the corporation, or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds of the corpora…

Notwithstanding any other provision of this chapter, the corporation is not empowered to undertake any project or refinancing of existing indebtedness authorized by this chapter unless, prior to the issuance of any bonds hereunder, the governor and his council, or their designee,…

The state does hereby pledge to and agree with the holders of any bonds, notes and other obligations issued under this chapter, and with those parties who may enter into contracts with the corporation pursuant to the provisions of this chapter, that the state will not limit, alte…

Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which the New Hampshire business finance authority might otherwise have under any laws of this state, and this chapter is cumulative of any such powers. This…

This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effect its purposes.

As used in this chapter, the following words and terms have the following meanings, unless the context indicates another or different meaning or intent: I. "Corporation" means the New Hampshire business finance authority created and established as a corporation and constituted an…

The corporation has the following powers, together with all powers incidental thereto or necessary for the performance of those hereinafter stated: I. To have perpetual succession as a public body corporate and agency of the state and to adopt bylaws for the regulation of its aff…

I. The corporation shall be exempt from the rules of any department, commission, board, bureau, or agency of the state except as provided in this chapter. II. The corporation shall be exempt from the provisions of RSA 541-A and may adopt rules in accordance with its own procedure…

The corporation is authorized and empowered, directly or by and through a participating institution, as its agent to acquire by purchase, gift or devise, solely from funds provided under the authority of this chapter, such lands, structures, property, real or personal, rights, ri…

When the principal of and interest on revenue bonds of the corporation issued to finance the construction and acquisition of a particular project or projects at a participating institution, including any revenue refunding bonds issued to refund and refinance such revenue bonds, h…

The corporation has the power and is hereby authorized from time to time to issue its negotiable notes for any corporate purpose, including the payment of all or any part of the cost of any project or the refinancing of existing indebtedness, and renew from time to time any notes…

I. The corporation is authorized to issue its negotiable revenue bonds from time to time for any corporate purposes, including the financing of all or part of the costs of any projects or the refinancing of existing indebtedness. II. In anticipation of the sale of such revenue bo…