162-M:1 Definitions. –
As used in this chapter, the following terms shall have the following meanings:
I. "Carryforward purpose" shall have the meaning given to it in section 146(f)(5) of the code.
II. "Code" means the United States Internal Revenue Code of 1986, as amended.
III. "Housing bond" means a qualified mortgage bond as defined in section 143(a)(1) of the code or an exempt facility bond for a qualified residential rental project as those terms are defined in sections 142(a)(7) and 142(d)(1) of the code, respectively.
IV. "Housing finance authority" means the New Hampshire housing finance authority established by RSA 204-C:2.
V. "Business finance authority" means the business finance authority of the state of New Hampshire established by RSA 162-A:3.
VI. "Issuer" means any state or local governmental unit, agency, authority or instrumentality, or any nonprofit or public corporation, authorized to issue private activity bonds or bonds which would be private activity bonds unless an allocation of state ceiling under section 146 of the code is made to such bonds.
VII. "Private activity bond" shall have the meaning given to it in section 141(a) of the code. The use of such term in this chapter is for reference purposes only and shall not imply that the state has determined that any obligation issued as a private activity bond under the code will not serve a public use or provide a public benefit.
Source. 1987, 120:1. 1992, 262:13, eff. May 15, 1992.