N.H. Admin. Code § Bfa 402.01

Current through Register No. 50, December 12, 2024

Section Bfa 402.01 - Preliminary Application

(a) A user who wants to finance a project through the authority's issuance of bonds shall submit a request to the authority that it consider such a financing. Such requests shall be submitted on Form Bfa-1, APPLICATION FOR PRELIMINARY OFFICIAL ACTION AND RESERVATION OF BOND LIMIT, which may be obtained by writing or calling the authority.

(b) When applying for preliminary official action 20 copies of a completed Form Bfa-1 shall be submitted to the offices of the authority.

(c) Form Bfa-1 shall be accompanied by 20 copies of each of the following items, if applicable:

(1) For all eligible facilities:

a.The user's annual report, brochure or other printed material describing the user;

b.The user's most recent available annual financial statements, or such other financial information about the user necessary to enable the authority to determine, after considering all of the other information before it, that the project and proposed financing of the project are feasible and that the user has the financial resources necessary to operate the proposed eligible facility successfully; and

c.A letter described in Bfa 403.01(d)(4);

(2) For small scale power facilities and water powered electric generating facilities, letters of intent to purchase power generated by the facility from the proposed purchasers of such power, unless the user is the primary consumer of such power; and

(3) For industrial facilities described in RSA 162-I:2, VII,(d), where the user is not to be the primary generator of waste materials, letters of intent to supply waste material from the proposed suppliers of such material, and if such material is being converted into other products, such as steam or electricity, where the user is not to be the primary consumer of such products, letters of intent to purchase such other products from the proposed purchasers thereof.

(d) An application for preliminary official action shall also be accompanied by a non-refundable application fee.

N.H. Admin. Code § Bfa 402.01

(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93