Section 21-L:20 - State Infrastructure BankI. There is hereby established a state infrastructure bank (SIB), in accordance with 23 U.S.C. section 610, to advance the surface transportation system by serving as a revolving loan program to finance eligible surface transportation projects within the state of New Hampshire, in order to advance projects at an accelerated rate with favorable repayment terms. The loan repayments shall create a stream of revenue that the SIB will use to support new projects geared towards surface transportation infrastructure that leverages economic development opportunities. The purpose of the SIB is to leverage state and federal funds, accelerate priority projects, and advance economic development and local transportation needs.II. The SIB shall be used to encourage completion of public or private surface transportation projects that contribute to multi-modal and intermodal transportation with loans and other financial assistance for all or part of the cost of an eligible project relating to surface transportation.III. The SIB shall be used to encourage private and local participation in financing toward eligible surface transportation projects.Added by 2014, 290:1, eff. on the date that the commissioner of the department of transportation certifies to the secretary of state, state treasurer, and director of the office of legislative services that funds sufficient to implement this act are available. 2014, 290:1, eff. as provided in 2014, 290:4.