N.H. Admin. Code § Rev 413.04

Current through Register No. 1, January 2, 2025

Section Rev 413.04 - Net Assets

(a) An applicant's net assets shall include the market value of all assets, tangible and intangible, except as provided in (b) below.

(b) An applicant's net assets shall not include the market value of:

(1) The applicant's residence and the land upon which it is located up to the greater of:

a. Two acres; or

b. The minimum single family residential lot size specified in the municipality's zoning ordinance; and

(2) The good faith encumbrance(s) on each particular asset other than that identified in (b)(1) above.

N.H. Admin. Code § Rev 413.04

Derived From Volume XXXVI Number 45, Filed November 10, 2016, Proposed by #12027, Effective 10/28/2016, Expires 10/28/2026; renumbered by #12925 (formerly Rev 412.04 )