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RSA 204-C:28 · General Obligations

Title
XVII: HOUSING AND REDEVELOPMENT
Chapter
204-C · HOUSING FINANCE AUTHORITY
Status
current
Official source linked
Yes
Official source Copy section link

204-C:28 General Obligations. –

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I.

Except as may otherwise be expressly provided by resolution of the authority, every issue of its notes and bonds shall be general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular revenues. The authority shall not at any time have outstanding obligations, other than obligations to which paragraph II applies, the unpaid principal amount of which is in excess of $600,000,000 in the aggregate. In computing the total amount of obligations of the authority which may at any time be outstanding for any purpose under this chapter, the amount of the outstanding obligations refunded or to be refunded from the proceeds of the sale of new obligations or by the exchange of new obligations shall be excluded.

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II.

In addition to the obligations which the authority may have outstanding under paragraph I, the authority may issue notes and bonds not in excess of $800,000,000 for the purposes specified in this paragraph. Such notes and bonds shall constitute general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular revenues. The purposes for which such notes and bonds may be issued pursuant to this paragraph shall be to provide sufficient funds for any one or more of the following:

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(a)

The making of loans and mortgage loans to eligible mortgagors and eligible persons and families and the making of loans to lending institutions in each case to finance the acquisition, construction or rehabilitation of housing designed and planned, or being converted, to consist of not more than 4 family units for occupancy by eligible persons and families and of which at least one unit is occupied or is to be occupied by an eligible person or family owning the housing;

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(b)

The making of loans or advances with interest and whether or not secured by a mortgage to a single eligible person or family for the costs of reconstruction, rehabilitation or other improvements of existing housing owned by such single person or family and consisting of not more than 4 family units of which one is or is to be occupied by the owner, and for down payment costs, closing costs and other initial expenses of acquiring, financing or refinancing housing owned or to be owned by a single eligible person or family and consisting of not more than 4 family units of which one is or is to be occupied by the owner; the purchase of mortgages on any such housing or securing such loans or advances described above; the establishment of reserves to secure such notes and bonds, including any reserve fund created pursuant to RSA 204-C:40; and

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(c)

All other expenditures of the authority incident to and necessary or convenient to carry out the issuance of notes and bonds to provide sufficient funds for any one or more of the other purposes enumerated in this paragraph. The provisions of RSA 204-C:41 shall not apply with respect to any bond reserve fund established under RSA 204-C:40 with respect to bonds of the authority to which this paragraph applies.

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III.

In addition to the obligations which the authority may have outstanding under paragraphs I and II, the authority may issue notes and bonds not in excess of $600,000,000 for the purposes specified in this paragraph. Such notes and bonds shall constitute general obligations of the authority payable out of any revenue or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular revenues. The purposes for which such notes and bonds may be issued shall be to provide sufficient funds for any purpose authorized by this chapter; such notes and bonds may, at the discretion of the authority, be subject to the provisions of RSA 204-C:41 with respect to any bond reserve fund established under RSA 204-C:40 and may, at the discretion of the authority, be subject to the provisions of RSA 204-C:49, II. Source. 1981, 466:2. 1983, 468:12. 1985, 203:1. 2007, 263:73, eff. July 1, 2007.

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Source note

Source. 1981, 466:2. 1983, 468:12. 1985, 203:1. 2007, 263:73, eff. July 1, 2007.

Source history

  • 1981, 466:2
  • 1983, 468:12
  • 1985, 203:1
  • 2007, 263:73, eff. July 1, 2007

Related materials

Bill relationships

  • 2026 HB1042 amend

    on May 1, 2015, [and] to $200,000,000 plus interest on June 1, 2023, and to $450,000,000 plus interest on June 1, 2026. 2 Housing Finance Authority; General Obligations. Amend RSA 204-C:28 to read as follows: 204-C:28 General Obligations. I. Except as may otherwise be expressly provided by resolution of the authority, every issue of its notes and bonds shall be general obligations of the authority p

  • 2026 HB1405 amend

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  • 2026 HB1405-FN amend

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  • 2026 HB1661 amend · effective 2028-07-01

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  • 2026 HB1661-FN amend · effective 2028-07-01

    Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Housing Finance Authority; Affordable Housing Fund; Annual Appropriation. Amend RSA 204-C by inserting after section 57-a the following new section: 204-C:57-b Annual Appropriation. There is hereby appropriated annually the sum of $1,500,000 to the housing finance authority established in RSA 204-C, for

  • 2026 HB1662 amend

    ouse of Representatives in General Court convened: 1 New Section; Housing and Development; Housing Finance Authority; Low-Cost Financing for Developers and Homeowners. Amend RSA 204-C by inserting after section 92 the following new section: 204-C:93 Low-Cost Financing for Developers and Homeowners. Notwithstanding any provision of law to the contrary, the housing finance authority (HFA) shall of

  • 2026 HB1662-FN amend

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  • 2026 HB1713 amend · effective 2026-07-01

    s. Amend RSA 204-D:1 to read as follows: 204-D:1 Definitions. As used in this chapter: I. "Authority" means the New Hampshire housing finance authority established under RSA 204-C. II. "Committee" means the long range capital planning and utilization committee established under RSA 17-M. III. “Eligible housing” means single-family housing, multi-family housing, manufactured housing parks or

  • 2026 HB604 amend · effective 2025-07-01

    accessory dwelling units. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Loan Forgiveness Program Established. Amend RSA 204-C by inserting after section 70 the following new section: 204-C:64-a Loan Forgiveness Program. I. There is hereby established a conditional loan program to be administered by the New Hampshire housing finance authori

  • 2026 HB604-FN amend

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