New Hampshire Revised Statutes 204-C:58 – Oversight of Projects
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Terms Used In New Hampshire Revised Statutes 204-C:58
- Authority: shall mean the New Hampshire housing finance authority. See New Hampshire Revised Statutes 204-C:1
- Housing: shall mean one or more new or existing dwelling units in the state financed pursuant to this chapter, including homes for persons with disabilities, mobile homes, prefabricated homes, any buildings, land, improvements, equipment, facilities or other real or personal properties which are deemed by the authority to be necessary, convenient, ancillary or desirable in connection with such dwelling units, and including, but not limited to, streets, sewers, utilities, parks, site preparation, off-site facilities, landscaping and other nonhousing facilities such as administrative, community, transportation, health, recreational, educational, commercial, retail, welfare and public facilities. See New Hampshire Revised Statutes 204-C:1
During the course of construction or rehabilitation of housing in any approved project, it shall be the duty of the authority to render technical assistance to the entity undertaking the project and to oversee the process so as to assure that it is completed in accordance with design specifications, on schedule and within budgetary limits. In case any such project appears to be deviating from specifications, schedule or budget, the authority shall have the option of terminating the project, continuing the project subject to such conditions as appear to the authority to be in the public interest, or condoning the deviations if the authority concludes that they are acceptable. If the authority determines that the entity in charge of the project is not competent to carry the project forward but that the project is still worth completing, it may oust the entity and complete the project through such other means and agents and under such financial conditions as it determines to be in the public interest.