New Hampshire Code of Administrative Rules
Saf - Department of Safety
Subtitle Saf-C - Commissioner, Department of Safety
Chapter Saf-C 7300 - HOMELAND SECURITY EMERGENCY MANAGEMENT (HSEM) EXCEPTIONAL DISASTER RELIEF LOANS
Part Saf-C 7305 - ADMINISTRATIVE REQUIREMENTS
Section Saf-C 7305.01 - Loan Terms

Universal Citation: NH Admin Rules Saf-C 7305.01

Current through Register No. 40, October 3, 2024

(a) If the state treasury provides advance funding to a local government that has applied for and is waiting for FEMA disaster relief funding, the interest rate to be assessed on such advance funding shall be no greater than the prevailing rate at which the state treasury is able to invest its commingled cash.

(b) If the amount of FEMA assistance a local government receives is less than the exceptional disaster relief loan, the state treasurer, with the advice and consent of the governor and council, shall negotiate terms of repayment of the difference. If the local government and the state treasurer are unable to reach an agreement, the department of revenue administration shall include the amount in the amount apportioned for setting property tax rates.

Disclaimer: These regulations may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.