Section Bfa 501.02 - Reservations, Assignments and Allocation of Bond Limit(a) For purposes of this chapter: (1) An assignment of bond limit shall refer to the authority's transfer of bond limit to another issuer for allocation to a particular bond issue; and (2) An allocation of bond limit shall refer to the authority's designation of a portion of the bond limit for one of its own bond issues.(b) The authority shall reserve bond limit in anticipation of either an assignment or an allocation of bond limit. In order to evaluate fully a proposed bond issue and in order to ensure that the bond limit is not wasted, the authority shall not make an actual assignment or allocation of bond limit until the issuance of the bonds in the near future is reasonably assured. To facilitate planning for bond issues, however, the authority shall make a reservation of bond limit for a bond issue at an early stage of the issue's development if it determines that a reservation is appropriate under either Bfa 503.01(e) or 504.02(g). Such a reservation shall mean that the authority has set aside a portion of the bond limit for a particular bond issue.(c) A reservation of bond limit shall be an expression of the authority's intent to make an assignment or allocation of bond limit to a bond issue if an assignment or allocation is sought before the expiration of the reservation. Because the authority might not be in possession of all of the material facts at the time a reservation is made, however, a reservation shall not provide absolute assurance that an assignment or allocation will be made.N.H. Admin. Code § Bfa 501.02
(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93