Section Cdfa 302.08 - Economic development entity (EDE)"Economic development entity (EDE)" means an organization that:
(a) Is incorporated for the primary purpose of providing economic development services to a defined geographic area;(b) Administers a revolving loan fund;(c) Is not an agency or instrumentality of the grantee or grantees;(d) Has broad membership on its representative body, and elects its governing board by vote of its membership;(e) Has the power to fill vacancies which arise on its governing body with its own nominees, approved by the membership of its governing body;(f) Is not subject to requirements under which its assets revert to the grantee upon dissolution;(g) Is free to contract for goods and services from vendors of its own choosing; and(h) Is registered with the New Hampshire secretary of state as a not-for-profit organization.N.H. Admin. Code § Cdfa 302.08