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RSA 162-A:4 · Management

Title
XII: PUBLIC SAFETY AND WELFARE
Chapter
162-A · BUSINESS FINANCE AUTHORITY
Status
current
Official source linked
Yes
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162-A:4 Management. –

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I.

The management of the authority shall be vested in a board of 14 directors, who shall serve without compensation. The governor, with the consent of the council, shall appoint 9 members of the board, who shall include an executive director of a regional planning commission and one elected or appointed local official. The governor shall designate one of the board members as chairperson. Each board member appointed by the governor shall hold office for 3 years, or until a successor has been appointed. The state treasurer shall serve as a voting ex officio member of the board. Two members of the house of representatives, who shall be appointed by the speaker of the house of representatives, and 2 members of the senate, who shall be appointed by the president of the senate, shall serve as nonvoting members of the board. A director serving as a member of the house of representatives or as a member of the senate shall serve for a term ending when the general court dissolves.

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II.

A director, officer, or employee of the authority shall not use his or her office for personal gain or act in a manner contrary to the public interest. A director shall abstain from voting on matters in which the director has a financial interest, whether personally or through a spouse or dependent. If in doubt, the director may submit a written request for advice to the chairperson, who shall make a ruling as to whether the director may vote on a matter. Source. 1992, 262:3. 1997, 329:2, eff. Oct. 1, 1997.

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Source note

Source. 1992, 262:3. 1997, 329:2, eff. Oct. 1, 1997.

Source history

  • 1992, 262:3
  • 1997, 329:2, eff. Oct. 1, 1997

Related materials

Bill relationships

  • 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

  • 2026 SB56 amend · effective 2031-07-01

    has significant experience providing professional or financial services to a health care institution. 4 Public Safety and Welfare; Business Finance Authority; Management. Amend RSA 162-A:4, I to read as follows: I. The management of the authority shall be vested in a board of [14] 16 directors, who shall serve without compensation. The governor, with the consent of the council, shall appoint [9] 11 m

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