Amendment 2025-1101s to SB86 (2025)

Relative to the housing finance authority's affordable housing guarantee program.


Revision: March 19, 2025, 11:14 a.m.

Senate Finance

March 18, 2025

2025-1101s

07/05

 

 

Amendment to SB 86-FN

 

Amend RSA 204-C:98 as inserted by section 1 of the bill by replacing it with the following:

 

204-C:98  Guarantee; Credit of State Pledged.  The full faith and credit of this state is pledged to support and redeem certificates of guarantee issued by the authority.  In furtherance of that pledge, the state treasurer shall advance to the authority, from available moneys in the treasury, such amounts as may be requested from time to time by the authority to enable it to perform all guaranteed obligations punctually and in accordance with their terms.  The authority shall request such advances from time to time as required for such purpose.  The treasurer shall report any such advances to the joint fiscal committee at its next meeting.