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RSA 162-A:3 · Authority Created
162-A:3 Authority Created. – There is hereby created the business finance authority, formerly operating and known as the industrial development authority, which shall be a body corporate and politic having a distinct legal existence separate from the state and not constituting a department of state government having the powers and jurisdiction enumerated in this chapter and such other and additional powers as shall be conferred upon it by the legislature. The authority is hereby deemed to be a public instrumentality and the exercise by the authority of the powers conferred upon it by the legislature shall be deemed and held to be the performance of public and essential governmental functions of the state. Source. 1992, 262:3. 1993, 335:2. 1997, 329:1, eff. Oct. 1, 1997.
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Source. 1992, 262:3. 1993, 335:2. 1997, 329:1, eff. Oct. 1, 1997.
Source history
- 1992, 262:3
- 1993, 335:2
- 1997, 329:1, eff. Oct. 1, 1997
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Bill relationships
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2026 SB56
reference · effective 2031-07-01
ference shall not restrict or limit in any manner the exercise by the BFA of its rights, powers, duties or purposes, or to its ownership and holding of properties and assets under RSA 162-A, RSA 162-I, RSA 162-S, RSA 162-T or any other provision of law applicable to the BFA, including without limitation the power of the BFA to issue bonds under said chapters RSA 162-A, RSA 162-I, RSA 162-S, RSA 162-T or un
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2026 SB56
reference · effective 2031-07-01
out any further action, and the rights, powers and duties, and properties of the HEFA shall on and after such date be exercised, performed, owned and held by the BFA as created by RSA 162-A:3. All real estate, property rights, personal property, funds, moneys, revenues, receipts, contract rights, trust agreements, any rights or interests of HEFA in any trusts or trust property, or other intangible assets, eq