Section Saf-C 7305.01 - Loan Terms(a) If the state treasury provides advance funding to a local government that has applied for and is waiting for FEMA disaster relief funding, the interest rate to be assessed on such advance funding shall be no greater than the prevailing rate at which the state treasury is able to invest its commingled cash.(b) If the amount of FEMA assistance a local government receives is less than the exceptional disaster relief loan, the state treasurer, with the advice and consent of the governor and council, shall negotiate terms of repayment of the difference. If the local government and the state treasurer are unable to reach an agreement, the department of revenue administration shall include the amount in the amount apportioned for setting property tax rates.N.H. Admin. Code § Saf-C 7305.01
Derived from Volume XLI Number 10, Filed March 11, 2021, Proposed by #13168, Effective 2/19/2021.