Section Bfa 504.04 - Allocations of Bond Limit(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.N.H. Admin. Code § Bfa 504.04
(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93