New Hampshire Code of Administrative Rules
Bfa - Business Finance Authority
Chapter Bfa 500 - ASSIGNMENT AND ALLOCATION OF BOND LIMIT
Part Bfa 505 - FACTORS TO BE CONSIDERED BY THE AUTHORITY IN MAKING RESERVATIONS, ASSIGNMENTS AND ALLOCATIONS
Section Bfa 505.01 - Considerations
Current through Register No. 12, March 21, 2024
The directors shall grant a reservation, assignment or allocation if, after considering the following criteria, to the extent they are applicable to a particular bond issue, the directors determine that the reservation, allocation or assignment serves a public use and provides a public benefit:
(a) The extent to which the bond issue carries out the intent of the federal law that the state's bond capacity be as fairly distributed among state and local users as is practicable;
(b) The extent to which the bond issue will have a beneficial effect on the environment;
(c) The extent to which the bond issue finances a project located in an area of high unemployment or where there is a need for economic development;
(d) The extent to which the bond issue will preserve or create jobs for New Hampshire residents;
(e) The extent to which the jobs preserved or created are high paying jobs;
(f) The extent to which a project financed by the bond issue will use New Hampshire contractors and subcontractors;
(g) The applicant's need for borrowed funds within a short period of time; and
(h) Such other factors which may be applicable in particular cases, but not all cases, and which the authority deems relevant to an equitable allocation of the bond limit.
(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93
