Section Bfa 401.01 - Purpose(a) This chapter describes the procedures to be followed by users in applying for and obtaining financing for an eligible facility through the issuance of bonds under RSA 162-I. This chapter also describes the criteria used and the procedures followed by the authority in approving the issuance of bonds, except that the criteria used and the procedures followed by the authority in allocating bond limit are described in Bfa 500 ASSIGNMENT AND ALLOCATION OF BOND LIMIT.(b) This chapter also describes generally the existing procedures relating to the step described below in Bfa 401.02(c) to the extent necessary to put the entire process of issuing bonds into context. The authority recognizes, however, that the criteria used and the procedures followed by the governor and council are beyond its rulemaking power, and any discussion of those criteria and procedures contained in this chapter are intended to be descriptive only and are not intended as rules binding on the governor and council.(c) The issuance of bonds by the authority, the interest on which is excluded from gross income of the owner thereof for federal income tax purposes, is governed not only by RSA 162-I, but also by Section 103 and Sections 141 through 150 of the Code. Certain criteria used and procedures followed by the authority as set forth in this chapter are based upon requirements of Section 103 and Sections 141 through 150 of the Code.N.H. Admin. Code § Bfa 401.01
(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93