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RSA 195-D:20 · State Not Liable
195-D:20 State Not Liable. – The state is not liable for the payment of the principal of or interest on any bonds of the corporation, or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds of the corporation nor any of its agreements or obligations shall be construed to constitute an indebtedness of the state within the meaning of any constitutional or statutory provision whatsoever, nor shall the issuance of bonds under the provisions of this chapter directly or indirectly or contingently obligate the state or any municipality or political subdivision thereof to levy or to pledge any form of taxation whatever therefor or to make any appropriation for their payment. Source. 1969, 318:1, eff. Aug. 29, 1969.
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Source. 1969, 318:1, eff. Aug. 29, 1969.
Source history
- 1969, 318:1, eff. Aug. 29, 1969
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2026 SB56
reference · effective 2031-07-01
’, wherever either appears in a general or special law, except as they appear in this act, shall mean the ‘New Hampshire business finance authority’, including, but not limited to RSA 195-D and 195-E; provided, however, that such change of reference 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