Section Bfa 403.02 - Authorizing the Issuance of Bonds(a) Upon receipt from bond counsel of a final application, the staff of the authority and authority's bond counsel shall review the application and promptly advise bond counsel of any omission or deficiency in the application. If bond counsel is advised by the staff of the authority that any final application is incomplete or deficient, bond counsel may supplement or amend the application.(b) When the executive director determines that a final application is complete, the request for the issuance of bonds shall be considered at a meeting of the directors. Final applications that are completed at least 2 weeks prior to the next meeting of the directors shall be placed on the agenda for and considered at that meeting. Final applications that are completed within 2 weeks of the next meeting of the directors shall be placed on the agenda if, the executive director determines that the staff of the authority, authority's bond counsel and the directors will have adequate time to review the application.(c) In order to expedite review of a final application by the staff of the authority and authority's bond counsel, bond counsel may submit draft application documents to the authority or the authority's bond counsel prior to submitting the final application.(d) The directors shall consider an application for the issuance of bonds on the basis of the criteria set forth in Bfa 402.02 for consideration of applications for preliminary official action. A representative of the user and bond counsel shall attend the meeting of the directors at which the issuance of bonds is considered to answer any questions the directors have about the project or the financing.(e) Upon the directors' authorization of the issuance of bonds to finance a particular project, the executive director shall transmit the final application for those bonds to the governor and council.N.H. Admin. Code § Bfa 403.02
(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93