Section 204-C:75 Guarantee.
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.
Source. 1989, 411:3, eff. July 1, 1989.