Section Bfa 502.01 - Establishment of Categories(a) The directors shall, at their first meeting in each calendar year, establish categories of private activity bonds based on the purpose of the bond issue and shall allot a portion of the bond limit to each category. The establishment of such categories and the amount of bond limit allotted to each category shall be based on the past experience of the authority with respect to the relative demand for bond limit for various types of projects and on the obligation of the authority to carry out established state policies.(b) The various categories established shall include a reserve category, not to exceed 20 percent of the total bond limit for that year, which shall be assigned or allocated to bond issues that do not fit into any of the established categories and for bond issues that fit into an established category from which the entire allotted bond limit has been depleted. The categories and the amount of bond limit allotted to each category shall be revised periodically by the directors as new information regarding the demand for bond limit becomes available.N.H. Admin. Code § Bfa 502.01
(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93