reglab/statecodes huggingface dataset:
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:9 - Rulemaking Authority.

204-C:9 Rulemaking Authority. –
The authority may adopt rules pursuant to its own procedures relative to:
I. The conduct of its business;
II. The making, purchasing and sale of loans and mortgage loans under this chapter and the application of proceeds of any sale;
III. The making of loans to lending institutions;
IV. The regulation of mortgagors and eligible elderly and low income persons and families and eligible persons and families;
V. The selection and admission of tenants and other occupants;
VI. The selection of owners;
VII. The uses of housing;
VIII. The establishment of dependency and medical allowances;
IX. The definition of dwelling unit;
X. Lending institutions acting as agents of the authority for the purpose of accepting, reviewing and acting upon applications for mortgage loans and preparing, processing and servicing such loans;
XI. Reasonable fees to be paid to lending institutions for the services described in paragraph X;
XII. The making of loans to or purchasing of securities from lending institutions and the application of the proceeds of the loans, including, without limitation:
(a) The interest rate and terms of loans to be made to lending institutions;
(b) The time within which lending institutions must make commitments and disbursements for mortgages;
(c) The type and amount of collateral security to be pledged by lending institutions to assure repayment of loans from the agency;
(d) Standards as to the construction or rehabilitation for the housing to be financed;
(e) Procedures for the submission of requests or the invitation of proposals for loans to lending institutions;
(f) Certificates of compliance by the lending institution with the terms and conditions governing the making of loans and purchase of securities, and the application of the proceeds of such loans and securities;
(g) Schedules of fees and other charges to be made by the authority and the lending institution in renewing, acting upon, or accepting applications for loans under RSA 204-C:19, and any other matters related to such loans as the authority may deem necessary;
XIII. Such other matters as are necessary to carry out the powers and duties of the agency.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:10 - Bonds by Certain Mortgagors.

204-C:10 Bonds by Certain Mortgagors. –
On all construction loans for the construction or rehabilitation of 11 or more dwelling units, as defined by the authority pursuant to adopted rules, the authority shall require bonds to be furnished by the mortgagor, an equivalent escrow or letter of credit arrangement supervised by the authority, or any other surety sufficient to assure performance by the contractor party to the contracts awarded to carry on such work, and to assure payment out of the construction loan funds for all labor and materials for which claimants would be able to claim a mechanic's lien pursuant to RSA 447.
Source.
1981, 466:2, eff. July 1, 1981. 2019, 116:1, eff. Aug. 20, 2019.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:11 - Area of Operation; Sole Statewide Public Housing Agency.

204-C:11 Area of Operation;  Sole Statewide Public Housing Agency. –
The area of operation of the authority shall be the entire state. The authority is a public housing agency as defined in the United States Housing Act of 1937. The authority is the only statewide public housing agency and is the sole entity authorized in New Hampshire to undertake any statewide contract administration for section 8 project housing assistance contracts issued under the United States Housing Act of 1937. The authority may subcontract such work to any other entities it determines, in its sole judgment, to be qualified to perform the work.
Source.
1981, 466:2. 1983, 367:1. 1988, 250:6, eff. April 30, 1988. 2019, 116:2, eff. Aug. 20, 2019.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:11-a - Financing for Community Providers.

204-C:11-a Financing for Community Providers. –
I. Notwithstanding any other requirement of this chapter relating to the making or purchasing of loans or mortgage loans or to the provisions of RSA 204-C:28, the authority may make loans on such terms, conditions and security, if any, as the authority may determine, to nonprofit corporations to finance, refinance or reimburse all or a portion of the costs of acquiring, constructing, improving or equipping community provider facilities in the state.
II. For purposes of this section, "community provider facilities" means facilities owned and used by a nonprofit corporation, or a nonprofit affiliate of a nonprofit corporation, including, but not limited to, homes for the disabled, residential and day care facilities, administrative facilities, community facilities, transportation facilities, health facilities, recreational facilities, cultural facilities, educational facilities, and welfare facilities, deemed by the authority to be necessary, convenient, ancillary or desirable in connection with the rendering by such nonprofit corporation of services as a community provider to persons in the state.
III. Before making any loan under this section, the authority shall find that such financing, refinancing or reimbursement will result in a public benefit. Loans made by the authority under this section may be made from the proceeds of obligations issued by the authority or from other sources; provided, however, no such obligation shall constitute a general obligation of the authority or a debt or pledge of the faith and credit of the authority.
Source.
1990, 220:1, eff. June 26, 1990.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:12 - Exempt from Department of Transportation Supervision.

204-C:12 Exempt from Department of Transportation Supervision. –
Any project or program undertaken under the provisions of this chapter shall be exempt from the provisions of RSA 228.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:15 - Mortgage Loans.

204-C:15 Mortgage Loans. –
Without limiting the generality of the powers granted under RSA 204-C:8, with respect to mortgage loans to be made by the authority, the authority may:
I. Make, undertake commitments to make and participate with governmental agencies, lending institutions and other sources in the making of mortgage loans to eligible mortgagors, for the purpose of acquiring, refinancing, building or rehabilitating housing to provide housing for eligible elderly and low income persons and families and other eligible persons and families in accordance with this chapter in locations where, in the judgment of the authority, there is a need for such housing. Such loans may include acquisition loans, refinancing loans, construction loans and permanent loans.
II. Enter into agreements with lending institutions in the state which shall, pursuant to the rules of the authority, act as the authority's agent for the purpose of accepting, reviewing and acting upon applications for mortgage loans and preparing, processing and servicing such loans. For such activities, the lending institutions shall receive reasonable fees as established by rules of the authority.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:16 - Conditions on Mortgage Loans.

204-C:16 Conditions on Mortgage Loans. –
Mortgage loans made by the authority to eligible mortgagors shall be made subject to the following terms and conditions:
I. No application for a mortgage loan shall be approved unless the applicant is an eligible mortgagor.
II. Mortgage loans shall be made at interest rates established by the authority. In connection with the making of mortgage loans and commitments for mortgage loans, and in addition to such interest charges, the authority may charge and collect such fees and charges, including, but not limited to, reimbursement of the authority's financing costs, service charges, insurance premiums and mortgage insurance premiums, as the authority determines to be reasonable.
III. The ratio of mortgage loan to project value and the amortization period of federally insured mortgage loans made under this chapter shall be governed by the mortgage insurance commitment for each project concerned, but such amortization period shall not exceed 50 years. In the case of a mortgage loan which is not federally insured, the ratio of loan to project value and the amortization period of loans shall be determined in accordance with rules adopted by the authority; but, in no event, shall such loan-to-value ratio exceed 95 percent of development cost of the housing financed by such mortgage loan, nor shall the amortization period exceed 50 years, except that, in the case of loans to governmental agencies, nonprofit eligible mortgagors, or eligible mortgagors which are organized as condominium associations or cooperatives, such loan shall not exceed 100 percent of such development cost.
IV. Each mortgage shall be in recordable form and each mortgage and promissory note accompanying such mortgage shall retain such terms and provisions and be in such form as may be approved by the authority.
V. With respect to any rental housing, an eligible mortgagor may not in any one year make distributions of income or earnings from or have equity in, or indebtedness from, housing financed by the authority in excess of the amounts prescribed by the rules of the authority; but, in no event, shall a mortgagor make distributions of income of the mortgagor in any one year or cumulatively in excess of such limits as may be established by the authority in rules adopted pursuant to RSA 204-C:53, of the mortgagor's equity in such housing, which for the purposes of this chapter shall be the development cost of the housing, as determined by the authority at the time of making the final mortgage advance, less the amount of the final advance of the mortgage loan to the eligible mortgagor. Such mortgagor's equity shall remain constant as long as the authority's mortgage shall be outstanding unless otherwise provided for by rules of the authority.
Source.
1981, 466:2. 1983, 468:13, eff. June 30, 1983. 2014, 323:3, eff. Sept. 30, 2014.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:17 - Purchase of Mortgage Loans and Loans.

204-C:17 Purchase of Mortgage Loans and Loans. –
Without limiting the generality of the powers granted under RSA 204-C:8, the authority may:
I. Invest in, purchase or make commitments to purchase, and take assignments from lending institutions of loans, whether or not secured by a mortgage, mortgage loans and promissory notes accompanying such loans or mortgage loans, including federally insured loans or mortgage loans or participations with lending institutions in such loans, promissory notes and mortgage loans, for the construction, rehabilitation, purchase, leasing or refinancing of housing within the state;
II. Sell, at public or private sale, with or without public bidding, any mortgage loan, loan or other obligation held by the authority; and
III. Adopt, modify or repeal rules governing the purchase and sale of loans and mortgage loans and the application of proceeds thereof.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:18 - Conditions on Purchase of Mortgage or Loan.

204-C:18 Conditions on Purchase of Mortgage or Loan. –
At or before the time of purchase of any loan or mortgage loan, the lending institution which made such loan or mortgage loan shall certify to the authority with respect to all loans or mortgage loans transferred to the authority:
I. That the loans or mortgage loans transferred to the authority are primarily for housing for eligible persons and families within the state; or
II. That the proceeds of such purchase will be reinvested in loans or mortgage loans for housing eligible persons and families.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:21 - Regulatory Agreements for Mortgage Loans.

204-C:21 Regulatory Agreements for Mortgage Loans. –
With respect to mortgage loans made by the authority under RSA 204-C:15, each mortgage to an eligible mortgagor of multi-family housing shall be subject to a regulatory agreement between the authority and the mortgagor which subjects the multi-family housing, the mortgagor and principals of the mortgagor to limitations established by the authority as to rentals and charges, builder's and mortgagor's profits and fees, the disposition of the said housing subject to the mortgage and maximum distributions and other matters which in the judgment of the authority are necessary or desirable to carry out the purposes of this chapter.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:22 - Rent Levels.

204-C:22 Rent Levels. –
With respect to mortgage loans made by the authority under RSA 204-C:15, the authority shall, pursuant to rules adopted by it, make the following initial rental determinations for the dwelling units included in rental multi-family housing financed under this chapter:
I. The rent or carrying charge to be charged to eligible persons and families other than elderly and low income persons and families, which together with subsidies, if any, shall not be lower than the economic cost of such housing and be sufficiently high to achieve and maintain a sound development; and
II. The rent or carrying charge to be charged to elderly and low income persons and families which rent shall be sufficiently low in the judgment of the authority for at least a reasonable number of the dwelling units, but in no event fewer than
1/8 of such units, to be provided by such housing to enable such persons and families to occupy such units without the expenditure of more than 30 percent of their annual income for basic shelter cost, including the additional cost, if any, of heat, hot water, and other utilities, except telephone; provided, however, that, if necessary to make the project financially feasible, such percentage of annual income may be increased to 32 percent; and provided further that, if, in order to meet federal requirements or to obtain federal assistance, a different percentage of annual income shall be required, then such percentage of annual income shall be increased or based on the federal requirement, if applicable.
Source.
1981, 466:2. 1983, 468:11, eff. June 30, 1983. 2014, 323:5, eff. Sept. 30, 2014.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:23 - Adjustments of Rents.

204-C:23 Adjustments of Rents. –
After such initial rental determinations, any adjustment in the rents or carrying charges to be charged for housing financed under this chapter shall either be approved by the authority or comply with rules, if any, of the authority in effect at the time which govern such adjustment, subject only to the paramount rights of other governmental agencies, if any.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:24 - Tenants and Operations.

204-C:24 Tenants and Operations. –
With respect to mortgage loans made by the authority under RSA 204-C:15, before making a loan commitment for multi-family housing, the authority shall approve a tenant or owner selection plan submitted by the eligible mortgagor. The authority shall make and publish rules from time to time governing the terms of such tenant or owner selection plans. Such plans shall include criteria for tenant or owner selection which establish income limits for eligible persons and families in accordance with rules of the authority, but which may vary with the size and circumstances of such person or family. Tenant or owner selection plans shall provide that as between applicants equally in need and eligible for occupancy of a unit, preference shall be given to persons displaced by public action or natural disaster, pursuant to such rules as the authority may adopt.
Source.
1981, 466:2. 1990, 187:6, eff. June 26, 1990.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:26 - Bonds of Authority.

204-C:26 Bonds of Authority. –
The authority shall have the power, and is hereby authorized to issue its bonds and notes in such principal amount as the authority shall determine to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the making and purchase of mortgage loans, and loans to lending institutions, the payment of interest on notes and bonds of the authority, establishment of reserves to secure such bonds and notes, including the reserve funds created pursuant to RSA 204-C:40, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers. Whether or not the bonds and notes are of such form and character as to be negotiable instruments under RSA 382-A:8, they shall be and are deemed to be, for all purposes, negotiable instruments within the meaning of and for all the purposes of RSA 382-A:8 subject only to the provisions of the bonds and notes for registration.
Source.
1981, 466:2. 1987, 120:2, eff. May 7, 1987.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:27 - Bonds for Refunding Purposes.

204-C:27 Bonds for Refunding Purposes. –
The authority is authorized to provide for the issuance of its bonds or notes for the purpose of refunding any bonds or notes of the authority then outstanding, including the payment of any redemption premium on such bonds and notes and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase or maturity of such bonds or notes, and, if deemed advisable by the authority, for the additional purpose of paying all or any part of the cost of acquiring, constructing, reconstructing, rehabilitating, or improving any housing, or the making or purchase of any mortgage loan on any housing or the making of any loan to a lending institution. The proceeds of any such bonds or notes issued for the purpose of refunding outstanding bonds or notes, may, in the discretion of the authority, be applied to the purchase or retirement at maturity or redemption of such outstanding bonds or notes either on their earliest or any subsequent redemption date, and may, pending such application, be placed in escrow to be applied to such purchase or retirement at maturity or redemption on such date as may be determined by the authority. Any such escrowed proceeds, pending such use, may be invested and reinvested, subject to any agreements with note or bondholders, in such manner as the authority shall determine, maturing at such time or times as shall be appropriate to assure the prompt payment, as to principal, interest and redemption premium, if any, on the outstanding bonds or notes to be so refunded. The interest, income and profits, if any, earned or realized on any such investment may also be applied to the payment of the outstanding bonds or notes to be so refunded. After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and interest, income and profits, if any, earned or realized on the investments may be returned to the authority for use by it in any lawful manner.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:29 - Maturity Dates.

204-C:29 Maturity Dates. –
The notes and bonds shall be authorized by resolution of the authority, shall bear such date or dates and shall mature at such time or times in the case of any such note, or any renewals of such note, not exceeding 8 years from the date of issue of the original such note, and in the case of any such bond not exceeding 50 years from the date of its issue as such resolution or resolutions may provide. The bonds may be issued as serial bonds payable in annual installments or as term bonds or as a combination of both. The notes and bonds shall bear interest at such rate or rates, be in such denominations, have such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places within or without the state and be subject to such terms of redemption as such resolution or resolutions may provide. The notes and bonds of the authority may be sold by the authority at public or private sale at such price or prices as the authority shall determine, and the authority may pay all expenses, premiums and commissions which it may deem necessary or advantageous in connection with the issuance and sale of such notes and bonds.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:30 - Investment of Authority Money.

204-C:30 Investment of Authority Money. –
Any moneys of the authority including proceeds from the sale of any bonds or notes, and revenues, receipts and income from any of its mortgages or other assets, may be invested and reinvested in such obligations, securities and other investments as shall be provided in the resolution or resolutions under which such bonds or notes are authorized.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:31 - Subordinate Obligations.

204-C:31 Subordinate Obligations. –
Issuance by the authority of one or more series of bonds or notes for one or more purposes shall not preclude the authority from issuing other bonds or notes in connection with the same purpose or purposes, but the proceedings under which any subsequent bonds or notes may be issued shall recognize and protect any prior pledge or mortgage made for any prior issue of bonds or notes unless in the proceedings authorizing such prior issue the right is reserved to issue subsequent bonds or notes on a parity with such prior issue.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:32 - Conditions on Obligations.

204-C:32 Conditions on Obligations. –
Any resolution authorizing any notes or bonds or any issue of notes or bonds may contain provisions which shall be part of the contract or contracts with the holders of the notes or bonds, as to:
I. Pledging all or any part of the revenues of the authority to secure the payment of such notes or bonds, or of any issue of notes or bonds, subject to such agreements with noteholders or bondholders as may then exist;
II. Pledging all or any part of the assets of the authority, including obligations and mortgages securing the same, to secure the payment of such notes or bonds, or of any issue of notes or bonds, subject to such agreements with noteholders or bondholders as may then exist;
III. The use and disposition of the gross income from mortgages owned by the authority and the payment of principal of mortgages owned by the authority;
IV. The setting aside of reserves, including, but not limited to, reserve funds as provided in RSA 204-C:40, and the regulation and disposition of such reserves;
V. Limitations on the purpose to which the proceeds of sale of notes or bonds may be applied and pledging such proceeds to secure the payment of the notes or bonds or of any issue of notes or bonds;
VI. Limitations on the issuance of additional notes or bonds; the terms upon which additional notes or bonds may be issued and secured; and the refunding of outstanding or other notes or bonds;
VII. The procedure, if any, by which the terms of any contract with noteholders or bondholders may be amended or abrogated, the amount of notes or bonds the holders of which shall consent to such amendment or abrogation, and the manner in which such consent may be given;
VIII. Limitations on the amount of moneys to be expended by the authority for operating expenses of the authority;
IX. Vesting in a trustee or trustees such property, rights, powers and duties in trust as the authority may determine;
X. Defining the acts or omissions to act which shall constitute a default in the obligations and duties of the authority to the holders of the notes or bonds and providing for the rights and remedies of the holders of the notes or bonds in the event of such default, including as a matter of right the appointment of a receiver; provided, however, that such rights and remedies shall not be inconsistent with the general laws of the state and the other provisions of this chapter; and
XI. Any other matters, of like or different character, which in any way affect the security or protection of the holders of the notes or bonds.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:33 - Perfection of Pledge.

204-C:33 Perfection of Pledge. –
Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The revenues, moneys, or property so pledged and received after the pledge by the authority shall immediately be subject to the lien of such pledge without any physical delivery or further act; and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice of the lien. Neither the resolution nor any other instrument by which a pledge is created need be recorded or filed in order to establish and perfect a lien or security interest in the property so pledged.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:34 - Personal Liability Limited.

204-C:34 Personal Liability Limited. –
Neither the members of the board nor the executive director of the authority nor any other person executing such notes or bonds shall be subject to any personal liability or accountability by reason of the issuance of notes or bonds.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:35 - Purchase of Obligations by Authority.

204-C:35 Purchase of Obligations by Authority. –
The authority may, out of any funds available for bonds and notes, purchase its own bonds or notes. The authority may hold, pledge, cancel or resell such bonds or notes, subject to and in accordance with agreements with bondholders and noteholders.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:36 - Conditions for Approval.

204-C:36 Conditions for Approval. –
Bonds or notes may be issued under this chapter without obtaining the consent of the governor and council or of any department, division, commission, board, body, bureau or agency of the state; and without any other proceedings or the happening of any conditions or things except those proceedings or the occurrence of those conditions or things which are specifically required by this chapter and by the provisions of the resolution authorizing the issuance of such bonds or notes or the trust agreement securing the same.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:37 - Trust Agreements.

204-C:37 Trust Agreements. –
In the discretion of the authority, any bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or outside of the state. Such trust agreement or the resolution providing for the issuance of such bonds may pledge or assign the revenues to be received or proceeds of any mortgage or mortgages pledged and may convey or mortgage the assets of the authority or any portion of such assets. Such trust agreement or resolution providing for the issuance of such bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders and of the trustee or trustees, and may restrict the individual right of action by bondholders. Any such trust agreement or resolution may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out such trust agreement or resolution may be treated as a part of the cost of the operation of the authority.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:38 - Validity of Signatures.

204-C:38 Validity of Signatures. –
In case any of the members, executive director or officers of the authority whose signatures appear on any notes or bonds or coupons shall cease to be such members, executive director or officers before the delivery of such notes or bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such members, executive director or officers had remained in office until such delivery.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:39 - Validity of Obligations.

204-C:39 Validity of Obligations. –
In any suit, action or proceedings involving the validity or enforceability of any bond or note of the authority or the security for such bond or note, any such bond or note reciting in substance that it has been issued by the authority to aid in financing housing to provide dwelling accommodations for eligible persons and families shall be conclusively deemed to have been issued for housing of such character and said housing shall be conclusively deemed to have been planned, located and constructed in accordance with this chapter.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:41 - Requests for Appropriations.

204-C:41 Requests for Appropriations. –
I. To assure the continued operation and solvency of the authority for the carrying out of its corporate purposes, the chairperson of the authority shall, not later than the twentieth legislative day of each session of the general court, submit to the chairperson of the house finance committee a written request for an appropriation for the sum, if any, required to insure that the bond reserve funds established under RSA 204-C:40 equal the bond reserve fund requirement. All sums appropriated by the general court, if any, paid to the authority pursuant to this section shall be deposited by the authority in the bond reserve fund.
II. All amounts paid over to the authority by the state pursuant to this section shall constitute and be accounted for as advances by the state to the authority and, subject to the rights of the holders of any bonds or notes of the authority theretofore or thereafter issued, shall be repaid to the state without interest from all available operating revenues of the authority in excess of amounts required for the payment of obligations of the authority, the bond reserve funds and operating expenses.
Source.
1981, 466:2. 1995, 9:25, eff. June 11, 1995.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:42 - Remedies of Bondholders and Noteholders.

204-C:42 Remedies of Bondholders and Noteholders. –
Any holder of notes or bonds issued under this chapter or any of the coupons appertaining to such notes or bonds, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any resolution authorizing the issuance of, or any such trust agreement securing such bonds, may, either at law or in equity, by suit, action, mandamus or other proceedings, protect and encourage any and all rights under the laws of the state or granted hereunder or under such resolution or trust agreement, and may enforce and compel the performance of all duties required by this chapter or by such resolution or trust agreement to be performed by the authority or by any officer, employee or agent of the authority, including the fixing, charging and collecting of the rates, rents, fees and charges herein authorized and required by the provisions of such resolution or trust agreement to be fixed, established and collected.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:43 - Alteration of Rights of Bondholders and Noteholders.

204-C:43 Alteration of Rights of Bondholders and Noteholders. –
The state does hereby pledge to and agree with the holders of any notes or bonds issued under this chapter that the state shall not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the said holders of such notes or bonds or in any way impair the rights and remedies of such holders until such notes and bonds, together with the interest on them, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:44 - Credit of State Not Pledged.

204-C:44 Credit of State Not Pledged. –
Obligations issued under this chapter shall not be deemed to constitute a debt or liability or obligation of the state or of any political subdivision of the state, or a pledge of the faith and credit of the state or of any political subdivision of the state, but shall be payable solely from the revenues or assets of the authority. All such obligations issued under this chapter shall contain on their face a statement to the effect that the authority shall not be obligated to pay the same nor the interest on such obligations except from the revenues or assets pledged for them and that neither the faith and credit nor the taxing power of the state or of any political subdivision of the state is pledged to the payment of the principal of or the interest on such notes and bonds. The issuance of obligations under this chapter shall not directly or indirectly or contingently obligate the state or any political subdivision of the state to levy or to pledge any form of taxation whatever for such obligations or to make any appropriation for their payment.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:45 - Obligations as Legal Investments.

204-C:45 Obligations as Legal Investments. –
The obligations of the authority shall be legal investments in which all public officers and public bodies and authorities of the state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, banking institutions including savings and loan associations, building and loan associations, trust companies, savings banks and savings associations, credit unions, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds, notes or in other state obligations, may properly and legally invest funds, including capital, in their control or belonging to them. Such obligations of the authority are also hereby made securities which may properly and legally be deposited with and received by all public officers and public bodies of the state or any agency or political subdivision of the state and all municipalities and public corporations for any purpose for which the deposit of bonds, notes or other state obligations is now or may hereafter be authorized by law and shall be eligible as collateral with respect to deposits of state moneys, if any, required to be collateralized. This section shall apply notwithstanding any restrictions on investments contained in other laws.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:46 - Audit and Annual Reports.

204-C:46 Audit and Annual Reports. –
On or before November 1 annually, the authority shall submit a detailed annual report of its operations and a complete financial audit for the preceding fiscal year to the governor, the executive council, the speaker of the house of representatives, the senate president, the house finance committee, the senate finance committee, and the state library. The audit shall be performed by an independent certified public accountant selected by the authority and conducted in accordance with generally accepted accounting principles. The annual report shall:
I. Provide a complete operating and financial statement of the authority during the previous fiscal year;
II. Identify all housing projects funded during the last fiscal year, including their location, scope, and status; and
III. Describe the authority's progress in increasing housing for the elderly.
Source.
1981, 466:2. 1985, 399:3, I, eff. July 1, 1985. 2015, 16:2, eff. July 4, 2015.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:47 - Biennial Housing Plan.

204-C:47 Biennial Housing Plan. –
The authority shall prepare on or before January 1, 1983, and update biennially thereafter a state housing plan to address the housing needs of persons of low and middle income. The plan shall be submitted to the governor and council, the speaker of the house and the president of the senate for review and comment.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:48 - Authorization to Accept State Money.

204-C:48 Authorization to Accept State Money. –
The authority is authorized to accept such moneys as may be appropriated from time to time by the legislature for carrying out its corporate purpose. The authority shall repay the state all sums which are appropriated to the authority for organizational purposes in 5 annual installments, beginning with the fifth year after the receipt of such funds.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:49 - Tax Exemption.

204-C:49 Tax Exemption. –
I. The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of the state, for their well being and prosperity and for the improvement of their social and economic conditions, and the authority shall not be required to pay any tax or assessment on any property owned by the authority under the provisions of this chapter or upon the income from such property; nor shall the authority be required to pay any recording fee or transfer tax of any kind on account of instruments recorded by it or on its behalf. Any obligations issued by the authority under this chapter, their transfer, and the income from such obligations, including any profits made on their sale shall at all times be free from taxation by the state or any political subdivision of the state, excepting inheritance, estate and gift taxes.
II. The authority may covenant and consent that the interest on certain of its bonds shall be includable, under the Internal Revenue Code of 1954 or any subsequent corresponding internal revenue law of the United States, in the gross income of the holders of the bonds to the same extent and in the same manner that the interest on bills, bonds, notes or other obligations of the United States is includable in the gross income of the holders thereof under said Internal Revenue Code or any such subsequent law. The powers herein conferred shall be in addition to the powers conferred by any other law and such powers shall not be subject to the limitations or restrictions of any other law, but nothing contained herein shall be construed to covenant or consent, or to authorize any covenant or consent, to the application of any other provision of any other law, federal or state, to the authority or to such bonds, notes, or other obligations, or to the elimination or modification in any way of any other exemption, including without limitation exemption from taxation under RSA 204-C:49, I, privilege, or immunity thereof.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:50 - Statutory Construction.

204-C:50 Statutory Construction. –
This chapter shall not be construed as a restriction or limitation upon any powers which the authority might otherwise have under laws of the state, and this chapter is cumulative to such powers. This chapter does and shall be construed to provide a complete, additional and alternative method for the doing of the things authorized in said chapter and shall be regarded as supplemental and additional to powers conferred by other laws. However, the issuance of obligations of the authority under this chapter need not comply with the requirements of any other state law applicable to the issuance of bonds, notes and other obligations. Contracts for the acquisition, construction or rehabilitation of any housing undertaken under this chapter need not comply with any other state law applicable to contracts for the construction and acquisition of state owned property and shall be exempt from the provisions of RSA 228. No proceedings, notice or approval shall be required for the issuance of any obligations of the authority or any instrument as security for such obligations, except as is provided in this chapter.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:51 - Local Laws and Taxes.

204-C:51 Local Laws and Taxes. –
I. All multi-family housing financed under this chapter shall be subject to the planning, zoning, sanitary and building laws, ordinances and regulations applicable in the municipality in which such multi-family housing is situated. In the planning and location of any multi-family housing, the authority shall take into consideration the relationship of such multi-family housing to any larger plan or long-range program for the development of any such municipality.
II. With the consent of the local governing body of such municipality, the authority may require the eligible mortgagor to enter into an agreement between such municipality and the authority pursuant to which the multi-family housing financed by the authority shall be exempt from local real estate taxes, and the eligible mortgagor shall be required to make payments in lieu of taxes to the state or any political subdivision of the state as the authority finds consistent with the maintenance of the character of such multi-family housing which is occupied by elderly and low income persons and families and for the achievement of the other purposes of this chapter.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:52 - Relation to Other Agencies.

204-C:52 Relation to Other Agencies. –
The financial and administrative operations of the authority shall be exempt from the rules of any department, commission, board, bureau or agency of the state except to the extent and in the manner provided in this chapter.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:53 - Exemption from Administrative Procedure Act.

204-C:53 Exemption from Administrative Procedure Act. –
The authority shall be exempt from the provisions of RSA 541-A and may adopt rules in accordance with its own procedures. The authority shall file in the office of legislative services a copy of all existing rules adopted by the authority. Any rule adopted after the effective date of this section or any amendment or repeal of any existing rule shall be filed in the office of legislative services within 7 days of such adoption, amendment or repeal.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:54 - Separability.

204-C:54 Separability. –
If any clause, sentence, paragraph, section or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, section or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:55 - Inconsistent Provisions in Other Laws Superseded.

204-C:55 Inconsistent Provisions in Other Laws Superseded. –
Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general or special, the provisions of this chapter shall be controlling.
Source.
1981, 466:2, eff. July 1, 1981.
2023 New Hampshire Revised Statutes › Title XVII - Housing and Redevelopment › Chapter 204-C - Housing Finance Authority › Section 204-C:57-a, 204-C:57-b - Repealed by 1994, 386:13, I, as amended by 1995, 306:8, eff. July 1, 1996.

204-C:57-a, 204-C:57-b Repealed by 1994, 386:13, I, as amended by 1995, 306:8, eff. July 1, 1996. –