New Hampshire Code of Administrative Rules
Bfa - Business Finance Authority
Chapter Bfa 500 - ASSIGNMENT AND ALLOCATION OF BOND LIMIT
Part Bfa 504 - PROCEDURES FOR APPLICATION BY A USER
Section Bfa 504.04 - Allocations of Bond Limit

Universal Citation: NH Admin Rules Bfa 504.04

Current through Register No. 12, March 21, 2024

(a) Whenever a user submits an application for the directors' approval of bonds pursuant to Bfa 403.01, that application shall also be treated as an application for an allocation of bond limit.

(b) If a bond issue meets the criteria necessary for the directors to authorize the issuance of the bonds as provided in Bfa 403.02, the directors shall consider whether to allocate bond limit to the bonds in the manner described in Bfa 505. If the directors authorize the bonds and make an allocation of bond limit, the allocation shall be effective until the last day of the month following the directors' meeting at which the allocation was made, or for such other period as the directors may designate, except that no allocation shall extend beyond the end of the calendar year.

(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93

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