N.H. Admin. Code § Ban 1450.04

Current through Register No. 42, October 17, 2024
Section Ban 1450.04 - Public Obligations
(a) All public obligations described in RSA 383-B:3-303(c), shall be appropriate and acceptable for the collateralization of public funds.
(b) For purposes of RSA 383-B:3-303(c)(2), the following obligations shall be appropriate and acceptable for the collateralization of public funds:
(1) Obligations of the following federal agencies, federal corporations, and other entities:
a. Export-Import Bank of the United States;
b. General Services Administration;
c. Maritime Administration of the U.S. Department of Transportation;
d. Small Business Administration; and
e. The following obligations of the Department of Housing and Urban Development, its government corporations, entities, and programs:
1. Federal Housing Administration;
2. Government National Mortgage Association (Ginnie Mae);
3. Community development; and
4. Public housing notes and bonds.
(2) Obligations of the following federal government-sponsored enterprises shall qualify as acceptable collateral for public funds:
a. Federal Farm Credit Banks, including:
1. Banks for Cooperatives;
2. Federal Intermediate Credit Banks;
3. Federal Land Banks.
b. Federal Home Loan Banks, including irrevocable standby letters of credit issued by a Federal Home Loan Bank possessing the highest rating issued by at least one NRSRO;
c. Federal Home Loan Mortgage Corporation (Freddie Mac);
d. Federal National Mortgage Association (Fannie Mae); and
e. Tennessee Valley Authority.

N.H. Admin. Code § Ban 1450.04

#5221 (Emergency) eff 9-6-91, EXPIRED 1-7-92; #5307, eff 1-9-92, EXPIRED 5-8-92 (Int 91-9)

New. #5465, eff 9-8-92, EXPIRED: 9-8-98

New. #6961, eff 3-25-99, EXPIRED: 3-25-07

New. #9187, eff 6-24-08, INTERIM, EXPIRED: 12-21-08

New. #9557, eff 10-3-09

Amended by Volume XXXVI Number 01, Filed January 7, 2016, Proposed by #10997, Effective 12/23/2015, Expires 6/20/2016.
Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11113, Effective 6/1/2016, Expires 6/1/2026.