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2020 New Hampshire Revised Statutes
Title I - The State and Its Government
Title 12-O - Department of Business and Economic Affairs
Section 12-O:46 - Definitions.
Universal Citation: NH Rev Stat § 12-O:46 (2020)
12-O:46 Definitions. –
In this subdivision:
I. "Certification" means written verification from the department of business and economic affairs that the agreement to be used between the participating employer and the employee meets the requirements of RSA 12-O:48.
I-a. "Commissioner" means the commissioner of the department of business and economic affairs.
II. "Department" means the department of business and economic affairs.
III. "Eligible institution of higher education" means any public or private institution of higher education authorized to grant 2-year or 4-year degrees in this state by the higher education commission pursuant to RSA 21-N:8-a.
IV. "Graduate" means a student who graduates from an eligible institution of higher education in May 2019 or thereafter.
V. "Incentive" means a monetary award given each year for not more than 4 years by a participating employer to a graduate which the graduate may elect to be paid to the graduate or to an entity servicing the graduate's student loans.
VI. "Participating employer" means any person, firm, corporation, partnership, association, the state or political subdivision of the state, or any other entity which enters into a participating employer agreement to provide an incentive to a graduate.
VII. "Participating employer agreement" or "agreement" means an agreement that an employer will use to offer each employee an incentive in the amount and duration provided in RSA 12-O:48 and which is to be certified by the department of business and economic affairs.
In this subdivision:
I. "Certification" means written verification from the department of business and economic affairs that the agreement to be used between the participating employer and the employee meets the requirements of RSA 12-O:48.
I-a. "Commissioner" means the commissioner of the department of business and economic affairs.
II. "Department" means the department of business and economic affairs.
III. "Eligible institution of higher education" means any public or private institution of higher education authorized to grant 2-year or 4-year degrees in this state by the higher education commission pursuant to RSA 21-N:8-a.
IV. "Graduate" means a student who graduates from an eligible institution of higher education in May 2019 or thereafter.
V. "Incentive" means a monetary award given each year for not more than 4 years by a participating employer to a graduate which the graduate may elect to be paid to the graduate or to an entity servicing the graduate's student loans.
VI. "Participating employer" means any person, firm, corporation, partnership, association, the state or political subdivision of the state, or any other entity which enters into a participating employer agreement to provide an incentive to a graduate.
VII. "Participating employer agreement" or "agreement" means an agreement that an employer will use to offer each employee an incentive in the amount and duration provided in RSA 12-O:48 and which is to be certified by the department of business and economic affairs.
Source. 2019, 317:1, eff. July 1, 2019. 2020, 38:8, 9, eff. July 1, 2020.
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