Section 188-D:11 Administration of Program.
I. The postsecondary education commission shall administer the New Hampshire incentive program in accordance with state regulations and accounting procedures and shall have the authority to:
(a) Conduct the programs authorized under this subdivision;
(b) Receive and disburse monies in accordance with this subdivision;
(c) Make application for and receive available matching federal funds;
(d) Establish rules and regulations for making grants and paying loan incentives under this subdivision; and
(e) Maintain such records and submit such reports as required.
II. Application for and disbursement of all monies shall be made in the form and manner designated by the postsecondary education commission. No monies may be disbursed by the postsecondary education commission under this subdivision until the postsecondary education commission has established rules and regulations under paragraph I(d) and has filed such rules and regulations with the fiscal committee of the general court and the governor and council.
Source. 1976, 27:2, eff. May 25, 1976.