Bill > SB56

This bill consolidates the New Hampshire Health and Education Facilities Authority (HEFA) into the New Hampshire Business Finance Authority (BFA), effective July 1, 2026, transferring all of HEFA's assets, debts, employees, and obligations to the BFA, which will then act as the successor in interest. The bill also makes several changes to the BFA's operations, including expanding the definition of "bond" to encompass a wider range of financial instruments, clarifying what constitutes an "eligible facility" and "project" for financing purposes, and allowing for more flexible interest accrual periods and working capital financing. Additionally, the composition of the BFA's board of directors is modified to include members with expertise in education, healthcare, and non-profit organizations, and the process for approving projects and bond issuances is streamlined by requiring findings of public use and benefit from the governor and council. Finally, various statutes are amended to reflect the name change and the consolidation of these authorities.

Government Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=985&inflect=2