NH LEG Student Loan Bond Issuance

On Jun. 24, NH LEG issued bill on bonds for financing student loans.

  • NH LEG issued Bill SB 334 providing for the issuance of bonds and other obligations.
  • By business finance authority of the state of New Hampshire to finance student loans.
  • Amended NH LEG 195-E:1; added new paragraph NH LEG 195-E:2; NH LEG 195-E:10.
  • NH LEG 195-E:11; NH LEG 195-E:12; NH LEG 195-E:13; and NH LEG 195-E:15.
  • Document dated May 23, 2024, received from NH LEG Jun. 21, summarized on Jun.23.
  • Bill Provisions
  • Conferred powers to business finance authority to assure successful origination, distribution, collection of student loans; constitutes essential governmental function.
  • Business finance authority is empowered to issue bonds and other obligations.
  • Provided for business finance authority to have power and authority; to be subject to rights, liabilities, and responsibilities in issuance of bonds for student loan program.
  • Amended provisions regarding revenue bonds disclaimers, fee waivers, tax exemption.
  • Legislative History
  • On Jan. 3, 2024, bill was introduced in Senate; on Feb. 15, 2024, bill passed Senate.
  • On Feb. 22, 2024, bill was introduced in House; on May 23, 2024, bill passed House.
  • On Jun. 24, 2024, bill was enrolled, adopted; pending actions by the governor.
  • Effectiveness
  • If enacted, his act shall take effect 60 days after its passage.; Jul. 22, 2024.
  • Jul. 2024 NH LEG Governor Approval
  • On Jul. 3, 2024, NH LEG reported governor approved bill, effective on Jul. 22, 2024.

Regulators NH LEG
Entity Types Corp
Reference PR, Act, 7/3/2024; Bill, SB334, 6/24/2024; Citation: *NH LEG* 195-E:1, 195-E:2, 195-E:10, 195-E:11, 195-E:12, 195-E:13, 195-E:15;
Functions Compliance; Legal
Countries United States of America
Products Corporate; Education; Issuance/IPO; Loan; Municipal
Regions Am
Rule Type Final
Rule Date 6/24/2024
Effective Date 7/22/2024
Rule Id 216514
Linked to N/A
Reg. Last Update 7/3/2024
Report Section US Consumer

Last substantive update on 07/09/2024