Bill > HB1042

This bill raises the unified contingent credit limit for the New Hampshire Business Finance Authority (BFA), increasing the maximum amount of state guarantees from $200,000,000 to $450,000,000 plus interest, effective June 1, 2026. The unified contingent credit limit refers to the total amount of financial guarantees the BFA can have in force at any given time across various programs, including those outlined in several specific New Hampshire Revised Statutes Annotated (RSA) sections. This increase will provide the BFA with more capacity to support business financing and economic development initiatives by allowing the agency to backstop a larger total value of loans and financial commitments. The bill amends an existing statute that has progressively increased the credit limit over time, with previous increases occurring in 1993, 1994, and 2015, and now proposes a significant expansion of the BFA's financial guarantee capabilities.

Budget and Finance

https://gc.nh.gov/bill_Status/billinfo.aspx?id=2378&inflect=2