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2017 New Hampshire Revised Statutes
Title XVII - HOUSING AND REDEVELOPMENT
Chapter 204-C - HOUSING FINANCE AUTHORITY
Section 204-C:58 - Oversight of Projects.
Universal Citation: NH Rev Stat § 204-C:58 (2017)
204-C:58 Oversight of Projects. –
During the course of construction or rehabilitation of housing in any approved project, it shall be the duty of the authority to render technical assistance to the entity undertaking the project and to oversee the process so as to assure that it is completed in accordance with design specifications, on schedule and within budgetary limits. In case any such project appears to be deviating from specifications, schedule or budget, the authority shall have the option of terminating the project, continuing the project subject to such conditions as appear to the authority to be in the public interest, or condoning the deviations if the authority concludes that they are acceptable. If the authority determines that the entity in charge of the project is not competent to carry the project forward but that the project is still worth completing, it may oust the entity and complete the project through such other means and agents and under such financial conditions as it determines to be in the public interest.
Source. 1988, 240:5, eff. July 1, 1988.
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