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2017 New Hampshire Revised Statutes
Title XVII - HOUSING AND REDEVELOPMENT
Chapter 204-C - HOUSING FINANCE AUTHORITY
Section 204-C:6 - Surety Required.
Universal Citation: NH Rev Stat § 204-C:6 (2017)
204-C:6 Surety Required. –
Before entering into their duties, the members of the board shall obtain a surety blanket bond covering each member in the penal sum of not less than $50,000, the executive director in the penal sum of not less than $100,000, and the other officers and employees of the authority in the penal sum of not less than $50,000. Such surety bond or bonds shall be conditioned upon the faithful performance of the duties of the office covered, shall be executed by a surety company authorized to transact business in this state as surety and shall be approved by the attorney general and filed in the office of the secretary of state. The cost of each such bond shall be paid by the authority.
Source. 1981, 466:2, eff. July 1, 1981.
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