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 RSA 204-C:72. In no event shall any loan principal guaranteed under this section exceed the amount of $10,000 per recipient.
N.H. Rev. Stat. Ann. § 204-C:75
Guarantee
Source. 1989, 411:3, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.