N.H. Admin. Code § Odb 407.08

Current through Register No. 50, December 12, 2024
Section Odb 407.08 - Construction Financing

If the balance in the oil discharge and disposal cleanup fund plus projected revenues is not sufficient to pay all current uncontested reimbursement claims, current obligations of the department, and estimated future reimbursement claims for known projects, the board shall require that construction projects approved under Odb 407.06 be financed through notes or bonds. In such cases, the fund shall be available for administration costs and for periodic payments of principle and interest due under the note or bond, subject to the other limitations of this chapter.

N.H. Admin. Code § Odb 407.08

#8491, eff 11-22-05; ss by #9935-A, eff 9-1-11

Amended by Volume XL Number 2, Filed January 9, 2020, Proposed by #12941, Effective 12/15/2019, Expires 12/15/2029