reglab/housing_qa huggingface dataset:
NH Rev Stat § 162-I:7 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:7 - Security Documents.

    162-I:7 Security Documents. –||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 for a trustee for the benefit of holders of bonds issued to finance an eligible facility;||(d) Be combined with a financing document as one instrument;||(e) Contain covenants of the authority as to:||(1) The creation and maintenance of reserves;||(2) The issuance of other bonds with respect to the eligible facility;||(3) The custody, investment and application of moneys;||(4) The disposition of insurance or condemnation proceeds;||(5) The use of surplus bond proceeds;||(6) Action by the authority in the event of a default by the user under the financing document;||(7) The subjecting of additional property to the lien of the security document; or||(8) Any other matter which affects the security for the bonds in any way; or||(f) Limit the rights of bondholders to enforce obligations of the authority under the security documents or the financing document.||II. Any assignment, pledge, mortgage or other encumbrance of all or part of the authority's right to receive payments with respect to an eligible facility contained in a security document shall be fully effective and perfected from the time when the security document is executed with or without any subsequent physical delivery or segregation of the money and without any filing or recording under RSA 382-A or otherwise.|||Source. 1975, 98:1. 1981, 213:7; 455:7. 1987, 351:2, eff. July 24, 1987.|
NH Rev Stat § 162-I:8 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:8 - Bonds.

    162-I:8 Bonds. –||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) Payable in serial installments or as term bonds, and any series may consist of both types of bond, provided that all of the bonds of every series shall mature no later than 40 years after their dates; and||(d) Subject to redemption prior to maturity, with or without the payment of any redemption premium, in accordance with the provisions of the security document.||II. Every bond shall be signed on behalf of the authority by 2 persons designated by the board. Any person so designated shall be a member of the board, or the executive director, senior credit officer, or the chief financial officer of the authority. Each such signature may be manual or facsimile but at least one signature on every bond shall be manual, unless the bond bears a manual authentication or certification by a bank, trust company or other financial institution described in RSA 162-I:12, in which case each signature on behalf of the authority may be facsimile. Interest coupons, if any, shall bear the facsimile signature of one of the persons signing the bond on behalf of the authority. Bonds shall also bear the seal of the authority or a facsimile of the seal. Bonds executed as provided in this paragraph shall be valid notwithstanding that any or all of the persons whose signatures appear on the bond shall have ceased to hold office before delivery of and payment for the bond.||III. Every bond shall bear a statement on its face that it does not constitute an indebtedness of the state or the authority except to the extent permitted by this chapter. Bonds may be sold at public or private sale. The price at which bonds are sold may be par or may be more or less than par, but the original purchaser thereof shall be obligated to pay accrued interest for the period, if any, from the date of the bonds to the date of delivery. All bonds issued under this chapter and interest coupons applicable thereto, if any, shall be deemed to be negotiable instruments and to be investment securities under RSA 382-A.||IV. No purchaser of bonds shall in any way be bound to see to the proper application of the proceeds thereof.||V. The signature of the state treasurer on an endorsement of a state guarantee of a bond may be manual or facsimile.|||Source. 1975, 98:1. 1981, 213:8. 1985, 357:12. 1992, 46:4; 262:5. 1997, 329:13, eff. Oct. 1, 1997.|
NH Rev Stat § 162-I:10 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:10 - Obligations of the State.

    162-I:10 Obligations of the State. –||I. No financing or security document, bond or other instrument shall in any way obligate the state to raise any money by taxation or use other public funds for any purpose in relation to an eligible facility, and neither the state nor the authority shall pay or promise to pay any debt or meet any financial obligation to any person at any time in relation to an eligible facility financed in whole or in part by the issue of bonds except:||(a) From moneys received or to be received under the provisions of a financing or security document entered into under this chapter or derived from the exercise of the authority's rights under those instruments;||(b) As permitted by RSA 162-I:9, RSA 162-I:9-a, or RSA 162-I:9-b; or||(c) As may be required by law other than the provisions of this chapter.||II. Notwithstanding paragraph I, the authority may accept and expend with respect to an eligible facility any gifts or grants received from any source in accordance with the terms of the gifts or grants. Bonds issued under this chapter shall not be deemed obligations of the authority for the purposes of RSA 162-A:12.|||Source. 1975, 98:1. 1981, 213:10; 455:9. 1992, 46:5; 262:6, eff. May 15, 1992.|
NH Rev Stat § 162-I:11 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:11 - Action by the Authority.

    162-I:11 Action by the Authority. –||All actions by the authority under this chapter may be authorized by resolutions adopted by a majority of the members of the board in attendance at a meeting at which a quorum is present pursuant to RSA 162-A:20.|||Source. 1975, 98:1. 1997, 329:14, eff. Oct. 1, 1997.|
NH Rev Stat § 162-I:12 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:12 - Trustees and Trust Funds.

    162-I:12 Trustees and Trust Funds. –||Any bank, trust company, or any other financial institution which has power to act as a trustee, whether within or outside the state may serve as trustee for the benefit of bondholders under a security document. Such trustee may at any time own all or any part of the bonds issued under that security document, unless otherwise provided therein. All moneys received or held by the authority or by a trustee pursuant to a financing or security document, other than funds received or held by the authority for its own use, shall be deemed to be trust funds and shall be held and applied solely in accordance with the applicable document, but the person paying such money to the authority or the trustee shall not in any way be bound to see to the proper application thereof.|||Source. 1975, 98:1. 1992, 262:7, eff. May 15, 1992.|
NH Rev Stat § 162-I:13 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:13 - Bonds Eligible for Investment.

    162-I:13 Bonds Eligible for Investment. –||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 required to obtain any license or register any transaction in connection therewith, nor shall any person purchasing such bonds be required to furnish any statement of financing charges.|||Source. 1975, 98:1, eff. April 22, 1975.|
NH Rev Stat § 162-I:14 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:14 - Bonds Exempt From Taxation.

    162-I:14 Bonds Exempt From Taxation. –||All bonds and the interest thereon shall be exempt from taxation in this state.|||Source. 1975, 98:1, eff. April 22, 1975.|
NH Rev Stat § 162-I:15 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:15 - Tax Exemption and Payment for Services in Lieu of Taxes.

    162-I:15 Tax Exemption and Payment for Services in Lieu of Taxes. –||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 subdivision shall require any tenant, occupant or user of the eligible facility to make payments annually to the municipality in which the eligible facility is located, for its just share of the public expense, including, but not limited to, education, highway maintenance, fire and police protection and other similar public expenses and governmental services. The board of tax and land appeals shall determine, after a hearing, that the payments constitute a just share of the public expense.|||Source. 1975, 98:1. 1981, 213:11; 455:10, eff. June 23, 1981.|
NH Rev Stat § 162-I:15-a (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:15-a - Assessment for Development in Unincorporated Places.

    162-I:15-a Assessment for Development in Unincorporated Places. –||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 redevelopment district shall be configured so that it includes, but is limited to, all of the property available to be developed, redeveloped, or revitalized using such bonds. Every owner, tenant, or occupant of each lot or parcel located within the redevelopment district shall be subject to an assessment. The amount of the assessment shall be sufficient to provide for repayment of the debt service related to the bond. The amount of the assessment, payment terms, and method for collection shall be established in a financing plan prepared by the bond recipient, approved by the commissioner of the department of revenue administration, and adopted by the county commissioners. The financing plan shall include the delegation of collection responsibilities to the county. The county commissioners may enter into such agreements with the authority, the user, and the state as they deem necessary to ensure repayment under this chapter and to implement the financing plan and including without limitation such terms and conditions as the state shall deem necessary to provide for the segregation and pledge of the assessments to secure repayment of the bonds. The assessment shall be used solely to pay off debt service related to the bond. This payment shall be independent of, and in addition to, any other taxes including property taxes. Any unpaid assessment under this chapter shall constitute a lien pursuant to RSA 80:19 on the assessed property. Collection and enforcement of assessments under this section shall be in accordance with RSA 80:19.|||Source. 2015, 47:7, eff. May 21, 2015.|
NH Rev Stat § 162-I:16 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-I - Business Finance Authority Revenue Bonds|Section 162-I:16 - Construction and Effect of Other Laws.

    162-I:16 Construction and Effect of Other Laws. –||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 or approval shall be required with respect to any action taken under this chapter except as provided in this chapter. Any hearing required by RSA 162-I:9 or RSA 162-I:9-b shall be informational and shall not be treated as determining the rights, duties, or privileges of any entity or person. Neither the authority nor the governor and council shall be required to conduct adjudicative proceedings under RSA 541-A:31 to 36 in connection with any action taken under this chapter.||III. Purchases and contracts required in connection with a project may be made or let without regard to any provision of law relating to public purchases or contracts.||IV. The provisions of this chapter shall be liberally construed in order to effect its purposes.||V. If any provision of this chapter shall be held invalid in any circumstance, such invalidity shall not affect any other provisions or circumstances.||VI. This chapter shall be construed in all respects so as to meet all constitutional requirements. In carrying out the purposes and provisions of this chapter, all steps shall be taken which are necessary to meet constitutional requirements whether or not such steps are required by statute.|||Source. 1975, 98:1. 1992, 262:8. 1994, 412:20, eff. Aug. 9, 1994.|
NH Rev Stat § 162-K:1 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:1 - Local Option.

    162-K:1 Local Option. –||Any city or town may adopt this chapter and shall thereafter have all the authority, powers, duties and responsibilities set forth in this chapter.||I. A city may adopt this chapter by majority vote of the legislative body of the city after notice and hearing as set forth in RSA 162-K:4.||II. A town may adopt this chapter by majority vote of the voters present and voting at any legal town meeting under a proper article and after notice and hearing as set forth in RSA 162-K:4.|||Source. 1979, 175:2, eff. Aug. 5, 1979.|
NH Rev Stat § 162-K:2 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:2 - Definitions.

    162-K:2 Definitions. –||In this chapter:||I. "Budget submission date" has the meaning set forth under RSA 273-A:1, III.||II. "Development district" means a specific area within the corporate limits of any municipality which has been so designated and separately numbered by the legislative body of said municipality acting under this chapter.||III. "Development program" means a statement of objectives of the municipality for improvement of a development district established under RSA 162-K:6.||IV. "District administrator" means the head of the department, office agency, municipal housing and redevelopment authority or corporation designated under RSA 162-K:13.||V. "Governing body" means the board of aldermen or city council in the case of a city and the board of selectmen in the case of a town.||VI. "Legislative body" means the board of aldermen or city council in the case of a city and the town meeting in the case of a town.||VII. "Maintenance and operation" means all activities necessary to maintain facilities after they have been developed and all activities necessary to operate the facilities including but not limited to informational and educational programs, and safety and surveillance activities.||VIII. "Municipality" means a city or town.||IX. "Parking structure" means any building the principal use of which is designed for and intended for parking of motor vehicles, and includes open air parking on parking lots.||IX-a. "Public use" means:||(a)(1) The possession, occupation, and enjoyment of real property by the general public or governmental entities;||(2) The acquisition of any interest in real property necessary to the function of a public or private utility or common carrier either through deed of sale or lease;||(3) The acquisition of real property to remove structures beyond repair, public nuisances, structures unfit for human habitation or use, and abandoned property when such structures or property constitute a menace to health and safety; and||(4) Private use that occupies an incidental area within a public use; provided, that no real property shall be condemned solely for the purpose of facilitating such incidental private use.||(b) Except as provided in subparagraphs (a)(2) and (4) of this paragraph, public use shall not include the public benefits resulting from private economic development and private commercial enterprise, including increased tax revenues and increased employment opportunities.||X. "Substantially residential development district" means any development district in which 40 percent or more of the land area, exclusive of streets and open space, is used for residential purposes at the time the district is designated.||XI. "Tax increment" means the amount of taxes raised in a development district due to increases in assessed value over the assessed value of the district at the time of its establishment.|||Source. 1979, 175:2. 2006, 324:1, eff. Jan. 1, 2007.|
NH Rev Stat § 162-K:3 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:3 - Authorization; Initial Adoption.

    162-K:3 Authorization;  Initial Adoption. –||A municipality which adopts this chapter shall thereafter be authorized to establish one or more development districts. For each such district, the municipality shall establish a development program and a tax increment financing plan. A municipality that has not previously adopted this chapter may carry out the planning and hearing procedures for establishment of one or more development districts at the same time it is conducting the planning and hearing procedures on initial adoption of this chapter; provided that any vote on establishing a particular development district shall not be taken until after the legislative body shall have voted on the question of adopting this chapter.|||Source. 1979, 175:2, eff. Aug. 5, 1979.|
NH Rev Stat § 162-K:4 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:4 - Hearing.

    162-K:4 Hearing. –||Prior to adopting this chapter or designating any development district, a hearing on the subject shall be conducted in the municipality. The hearing shall be conducted by the governing body. The hearing shall be held at least 15 days prior to the date on which action on the proposal is scheduled to take place. Notice of the hearing, including a description of any proposed district, shall be posted in 2 appropriate places in the municipality or published in a newspaper of general circulation in the municipality at least 7 days prior to the hearing.|||Source. 1979, 175:2, eff. Aug. 5, 1979.|
NH Rev Stat § 162-K:5 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:5 - Establishment of Districts; Limitations.

    162-K:5 Establishment of Districts;  Limitations. –||Upon a finding that such action will serve public purposes, the legislative body of the municipality may create, within its jurisdiction, development districts. The area of a district may be enlarged following the date of designation of the district. Municipalities establishing development districts shall comply with one of the following limitations:||I. The total acreage included in any one development district when designated shall not exceed 5 percent of the total acreage of the municipality, and when added to the total current acreage within the development districts for which bonds remain outstanding shall not exceed 10 percent of the total acreage of the municipality.||II. The total assessed value of taxable real property of any one development district when designated shall not exceed 8 percent of the most recent total assessed value of taxable real property in the municipality, and when added to the current total assessed value of taxable real property within development districts for which bonds remain outstanding, shall not exceed 16 percent of the most recent total assessed value of taxable real property in the municipality.|||Source. 1979, 175:2. 1985, 135:1. 1991, 362:10. 1998, 9:1. 2004, 181:1, eff. July 31, 2004.|
NH Rev Stat § 162-K:7 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:7 - Grants.

    162-K:7 Grants. –||A municipality may accept grants or other financial assistance from the government of the United States, the state of New Hampshire or any other entity to do studies and to construct and operate the public improvements authorized by this chapter.|||Source. 1979, 175:2, eff. Aug. 5, 1979.|
NH Rev Stat § 162-K:8 (2021)
2021 New Hampshire Revised Statutes|Title XII - Public Safety and Welfare|Title 162-K - Municipal Economic Development and Revitalization Districts|Section 162-K:8 - Issuance of Bonds.

    162-K:8 Issuance of Bonds. –||The municipality may authorize, issue and sell general obligation bonds, which shall mature within 30 years from the date of issue, to finance the acquisition and betterment of real and personal property needed to carry out the development program within the development district together with all relocation costs incidental thereto. Bonds issued under authority of this chapter shall be payable in annual payments which shall be so arranged that the amount of annual payment of principal and interest in any year on account of any bond shall not be less than the amount of principal and interest payable in any subsequent year by more than 5 percent of the principal of the entire bond. The total amount of such payments shall be sufficient to extinguish the entire bond on account of which they are made at maturity. The first payment of principal on any bond shall be made no later than 5 years and the last payment not later than 30 years after the date thereof. Each authorized issue of bonds shall be a separate loan. All dedicated tax increments received by the municipality pursuant to RSA 162-K:10 shall be pledged for the payment of these bonds and used to reduce or cancel the taxes otherwise required to be extended for that purpose, and the bonds shall not be included when computing the municipality's net debt under RSA 33.|||Source. 1979, 175:2. 2000, 280:1, eff. Aug. 20, 2000.|