Section 126-A:53 Allocation and Designation of Guarantee Capacity; Administration.
I. Upon application from a local housing security provider in such form as the department may require, the department may allocate and commit itself to issue, and the local housing security provider may be authorized to process applications and provide the ancillary services connected with the issuance of, guarantee certificates for the purposes of this subdivision. In no event shall the aggregate guarantee amounts allocated by the department to all local housing security providers exceed $2,000,000. The department shall allocate the aggregate guarantee certificate capacity authorized by this section in a manner which takes into account both housing needs and geographic diversity.
I-a. The department shall make payments either directly to the landlord or through the local housing security provider to the extent of the state's obligation under the terms of the guarantee certificates. The department shall be subrogated to the landlord's right title and interest in any amounts received pursuant to the lease or rental agreement. The state treasurer shall reimburse the department for these amounts from funds not otherwise appropriated. The governor is hereby authorized to draw a warrant from funds not otherwise appropriated for the purposes of this subdivision.
II. The department may expend no more than $100,000 per fiscal year from funds appropriated to the emergency shelter program, established in RSA 126-A:26, for the purposes of administering this subdivision.
III. The department shall make a report on or before December 1 of each year to the speaker of the house of representatives, the president of the senate, and the governor and council on the usage of the program and the success of its participants.
Source. 1995, 310:1. 2000, 316:3-5, eff. July 1, 2000. 2008, 81:1, eff. July 20, 2008.