N.H. Rev. Stat. § 374-C:13

Current through Chapter 381 of the 2024 Legislative Session

Section 374-C:13 - Additional Powers

In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter and in RSA 35-A, shall have the following powers:

I. To charge for its costs and services in review or consideration of any proposed loan to a public utility or purchase of utility bonds of such public utility, and to charge therefor whether or not such loan shall have been made or such utility bonds shall have been purchased;

II. In connection with any loan to a public utility, to consider the need, desirability or eligibility of such loan and the ability of such public utility to secure borrowed money from other sources and the costs thereof;

III. To fix and establish any and all terms and provisions with respect to any purchase of utility bonds by the bank, including date and maturities of such bonds, provision as to redemption or payment prior to maturity, and any and all other matters which in connection therewith are necessary, desirable or advisable in the judgment of the bank;

IV. To the extent permitted under its contracts with the holders of bonds or notes of the bank, to consent to any modification with respect to rate of interest, time and payment of any installment of principal or interest, security or any other term or bond or note, contract or agreement of any kind to which the bank is a party;

V. In connection with any loan to a public utility, to request any material gathered relative to the financing of the manufacture of energy and its generation and improvements thereto by any agency or subdivision of the state or from any other person having such material; and

VI. To apply for, accept, receive and expend any grants or other moneys that may be made available to it by the federal government or any other public or private source for the purposes of this chapter, including the conducting of research and studies of the feasibility of projects which may be undertaken by public utilities and financed by the bank under this chapter.

RSA 374-C:13

1979, 498:2. 1981, 315:14, eff. Aug. 16, 1981.