New Hampshire Revised Statutes 204-C:75 – Guarantee
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Terms Used In New Hampshire Revised Statutes 204-C:75
- Authority: shall mean the New Hampshire housing finance authority. See New Hampshire Revised Statutes 204-C:1
Upon application from a lender in such form as the authority may require, the authority may issue, or commit itself to issue, payable solely from the funds provided pursuant to 204-C:79, to the lender or its assigns, a certificate of guarantee equal to 50 percent of the outstanding principal due on the loan made to eligible child care agencies or organizations as defined in N.H. Rev. Stat. § 204-C:72. In no event shall any loan principal guaranteed under this section exceed the amount of $10,000 per recipient.
