GOVERNOR AND EXECUTIVE COUNCIL MINUTES

                                                                                State House, Concord, New Hampshire

                                                                                November 15, 2006, 10:00 a.m.

 

The Governor and Executive Council convened at 10:00 a.m. with all members present.

 

The Governor and Executive Council on motion of Councilor Spaulding, seconded by Councilor Wieczorek, accepted the minutes of October 25, 2006.

 

The Governor and Executive Council, on motion of Councilor Burton, seconded by Councilor Wieczorek approved the appointment of several persons nominated for Civil Commissions from the October 25, 2006 meeting.

 

The Governor placed in nomination the several persons who applied for Civil Commissions.

 

RESIGNATIONS

Community Development Finance Authority

Katharine Bogle Shields, Canterbury                                                               Effective:  Upon acceptance

(Banking)

 

State Board of Education

Mary Elizabeth McNeil, Bedford                                                                       Effective:  Upon acceptance

(District 4)

 

NH Municipal Bond Bank

Kevin Clougherty, Manchester                                                                         Effective:  Upon acceptance

(Municipal Government)

 

CONFIRMATIONS

The Governor and Council confirmed the following:

 

Agricultural Lands Preservation Committee

Ruth I. Clough, Elkins                                                                                         Effective:  November 15, 2006

Reappointment                                                                                                     Term:  October 10, 2009

 

Department of Employment Security Appellate Board

(Attorney - Vice Chair)

Heather E. Krans, Exeter                                                                                     Effective:  November 15, 2006

Succeeding:  Scott McGuffin, Northfield (reached term limit)                      Term:  November 21, 2008

 

Department of Employment Security Appellate Board

(Attorney – Chair)

Thomas P. Mullins, Greenfield                                                                           Effective:  November 21, 2006

Reappointment                                                                                                     Term:  November 21, 2010

 

NH State Council on the Arts

Richard Ayers, Sanbornton                                                                               Effective:  November 15, 2006

Reappointment                                                                                                     Term:  November 10, 2011

 

NH State Council on the Arts

Jacqueline R. Kahle, Wilton                                                                               Effective:  November 23, 2006

Reappointment                                                                                                     Term:  November 23, 2011

 

NH State Council on the Arts

Peter J. McLaughlin, Hanover                                                                           Effective:  November 15, 2006

Reappointment                                                                                                     Term:  October 28, 2011

 

NH State Council on the Arts

Edra Toth, Farmington                                                                                        Effective:  November 15, 2006

Vacancy                                                                                                                 Term:  October 28, 2011

 

Compensation Appeals Board

(Attorney)

Thomas G. Cooper, Concord                                                                              Effective:  November 15, 2006

Vacancy                                                                                                                 Term:  August 18, 2007

 

Electricians’ Board – Councilor Wieczorek voted no.

Dennis S. Hager, Concord                                                                                  Effective:  November 15, 2006

Succeeding:  Joan M. Delorie, Pembroke (reached term limit)                      Term:  August 26, 2011

 

Electricians’ Board– Councilor Wieczorek voted no.

Deborah A. Pendergast, Gilford                                                                        Effective: November 15, 2006

Succeeding: R. Peter Chierechetti, Wentworth (reached term limit)            Term: October 28, 2011

 

Emergency Shelter and Homeless Coordination Commission

(Business and Industry)

Ruth E. Franks, Grantham                                                                                   Effective:  November 15, 2006

Succeeding:  Harold Acres, Nashua                                                                 Term:  August 26, 2008

 

Fire Standards and Training Commission

Nominated by the Associated Firefighters of NH-International Association

David R. Duquette, Somersworth                                                                      Effective:  November 15, 2006

Reappointment                                                                                                     Term:  November 12, 2009

 

Board of Licensure of Interpreters for the Deaf and Hard of Hearing

Nominated by the NH Association of the Deaf

Michael Schock, Rollinsford                                                                              Effective:  November 15, 2006

Succeeding: Joan E. Case, Weare                                                                     Term:  October 10, 2009

 

NH Land and Community Heritage Authority

(Cultural and Historic Resources)

Edward J. McLear, Meredith                                                                              Effective:  November 15, 2006

Succeeding:  Thomas S. Burack, Hopkinton (resigned)                                Term:  September 6, 2008

 

Board of Mental Health Practice

(Psychologist)

Karen Jennings, Hudson                                                                                    Effective:  November 15, 2006

Reappointment                                                                                                     Term:  October 31, 2009

 

Board of Nursing

(LPN)

Sharon Dyer, Greenfield                                                                                      Effective:  November 15, 2006

Reappointment                                                                                                     Term:  November 16, 2009

 

Passenger Tramway Safety Board

(Cable Lift)

Robert Hoyt, Madison                                                                                        Effective:  November 15, 2006

Reappointment                                                                                                     Term:  June 20, 2010

 

Pre-Engineering Technology Advisory Council

(Public Member)

Brenda K. Quinn, Manchester                                                                           Effective:  November 15, 2006

Reappointment                                                                                                     Term:  September 4, 2008

 

Rivers Management Advisory Committee

(Rep. Fish & Game Commission)

Walter A. Morse, Hillsborough                                                                         Effective:  November 15, 2006

Reappointment                                                                                                     Term:  September 28, 2009

 

Volunteer NH Board of Directors

(Community-based Organization)

Donald E. Chesnel, Rochester                                                                           Effective:  November 15, 2006

Reappointment                                                                                                     Term:  October 10, 2009

 

Volunteer NH Board of Directors

(Postsecondary Education)

Paula J. Gregory, Milford                                                                                    Effective:  November 15, 2006

Succeeding:  Kathleen Moulis, Concord (resigned)                                      Term:  October 10, 2007

 

Volunteer NH Board of Directors

Kyle MacDonald, Manchester                                                                          Effective:  November 15, 2006

Vacancy                                                                                                                 Term:  November 15, 2009

 

Water Resources Council

A. Bradford Wyman, Dummer                                                                           Effective:  November 15, 2006

Reappointment                                                                                                     Term:  October 9, 2010

 

Wetlands Council

Nominated by the NH Association of Natural Resource Scientists

Lawrence Morse, Newmarket                                                                             Effective:  November 15, 2006

Reappointment                                                                                                     Term:  September 3, 2009

 

State Commission on the Status of Women

Marilyn T. Mahoney, Goffstown                                                                      Effective:  November 15, 2006

Succeeding:  Ronna F. Wise, Contoocook                                                      Term:  October 20, 2009

 

Advisory Council on Workers Compensation

(Labor)

Denis R. Beaudoin, Sr., Pittsfield                                                                       Effective:  November 15, 2006

Succeeding: Richard N. Joy, Nottingham                                                        Term:  June 13, 2009

 

NOMINATIONS

The Governor placed into nomination the following:

 

Air Resources Council

(Municipal Government)

Raymond R. Donald, Kingston                                                                          Effective:  Upon confirmation

Reappointment                                                                                                     Term:  October 24, 2009

 

Air Resources Council

(General Public)

Robert E. Duval, Manchester                                                                             Effective:  Upon confirmation

Reappointment                                                                                                     Term:  November 21, 2010

 

Air Resources Council

(Manufacturing)

Steven J. Walker, Peterborough                                                                        Effective:  Upon confirmation

Reappointment                                                                                                     Term:  November 1, 2010

 

NH State Council on the Arts

Grace L. Sullivan, Deerfield                                                                                Effective:  Upon confirmation

Reappointment                                                                                                     Term:  October 14, 2011

 

Connecticut River Valley Flood Control Commission

Robert T. Grimley, Grantham                                                                              Effective:  Upon confirmation

Succeeding:  Gregory Cloutier, Jefferson                                                         Term:  May 1, 2008

 

Director: Division of Economic Development – Department of Resources and Economic Development

Nominated by the Commissioner of the Department of Resources and Economic Development

Michael A. Vlacich, Concord                                                                             Effective:  Upon confirmation

Succeeding:  Stuart T. Arnett, Concord                                                           Term:  April 1, 2010

Salary:  Group GG – Step 4:  $77, 885.00

 

Employment Security Appellate Board

(Labor)

David A Pelletier, Dunbarton                                                                             Effective:  Upon confirmation

Succeeding:  Thomas D. Noonan, Manchester (reached term limit)            Term:  October 14, 2010

 

Fire Standards and Training Commission

(Volunteer Fire Chief)

Carl F. Roediger, New Castle                                                                              Effective:  Upon confirmation

Reappointment                                                                                                     Term:  November 12, 2009

 

Fire Standards and Training Commission

(Full-time Career Fire Chief)

Michael O. Williams, Hooksett                                                                          Effective:  Upon confirmation

Reappointment                                                                                                     Term:  November 12, 2009

 

NH Commission for Human Rights

Marta E. Rodriguez, Nashua                                                                              Effective:  Upon confirmation

Reappointment                                                                                                     Term:  November 1, 2011

 

Board of Licensure of Interpreters for the Deaf and Hard of Hearing

Nominated by the NH Association for the Deaf

Cindy Wallace, Londonderry                                                                             Effective:  Upon confirmation

Succeeding:  Eric W. Eliason, Barnstead                                                         Term:  October 10, 2009

 

Lakes Management Advisory Committee

Nominated by the NH Lakes Association

Philip J. O’Brien, New London                                                                           Effective:  Upon confirmation

Succeeding:  Joseph Farrelly, Concord                                                            Term:  August 1, 2009

 

Midwifery Council

Judith Gillen, Keene                                                                                             Effective:  Upon confirmation

Reappointment                                                                                                     Term:  September 28, 2010

 

State Commission on the Status of Women

Linda S. Johnson, Manchester                                                                          Effective:  Upon confirmation

Reappointment                                                                                                     Term:  October 20, 2009

 

 

 

                                BUSINESS FINANCE AUTHORITY

#1            The Governor and Executive Council on motion of Councilor Pignatelli, seconded by Councilor Wieczorek and further on a roll call vote as follows: Councilor Burton – yes, Councilor Spaulding – yes, Councilor Griffin – yes, Councilor Wieczorek – yes, and Councilor Pignatelli – yes, authorized to hold a Public Hearing with respect to the financing of an industrial facility by the Business Finance Authority for Anheuser-Busch located in Merrimack, New Hampshire. Action will Authorized a Resolution under RSA 162-I:9 to determine the financing will serve a public use, provide public benefit and is within the policy and authority of the Act.

 

Extract from the Minutes of the Meeting of the
Governor and Council Held
November 15, 2006

in the State House, Concord. NEW HAMPSHIRE

At 10:45 a.m. the Governor announced that the next matter to be considered would be the financing of an industrial facility project by the Business Finance Authority for Anheuser-Busch Companies, Inc. in Merrimack.  He said that he and the members of the Council had received documentation and information with respect to the project.  The Governor said that the meeting would then hear anyone wishing to speak on the subject.  Jack Donovan, Executive Director of the Authority, stated that the Authority had approved the financing and recommended that the Governor and Council make the required findings under RSA 162-I:9 and approve the issuance of the Bonds under Section 147(f) of the Internal Revenue Code.  He also briefly explained the project, emphasized that the credit of the State was not involved, and introduced  Dennis Nesbitt, Plant Manager, and Rob Haas, Operations Manager, of Anheuser-Busch Companies, Inc.  The Governor then repeated that the proceedings were a public hearing and asked whether any other person wished to speak; there being none, Councilor Pignatelli introduced a resolution entitled “A RESOLUTION UNDER RSA 162-I:9 WITH RESPECT TO THE FINANCING OF INDUSTRIAL FACILITIES BY THE BUSINESS FINANCE AUTHORITY FOR ANHEUSER-BUSCH COMPANIES, INC. IN THE TOWN OF MERRIMACK” and moved its adoption, which was seconded by Councilor Wieczorek.  After discussion of the resolution, the Governor called for a vote on the motion.  Those voting in favor were:  the Governor and Councilor Burton, Councilor Spaulding, Councilor Griffin, Councilor Wieczorek, and Councilor Pignatelli; those abstaining were Councilor(s): None; and those voting against were Councilor(s): None.  The Governor declared that the resolution was passed.

*              *              *              *              *              *              *

A RESOLUTION UNDER RSA 162‑I:9 WITH RESPECT TO
THE FINANCING OF INDUSTRIAL FACILITIES BY THE BUSINESS
FINANCE AUTHORITY FOR ANHEUSER‑BUSCH COMPANIES, INC.
in THE TOWN OF MERRIMACK

WHEREAS, the Governor and Council have received from the Business Finance Authority (the “Authority”) its written recommendation that the Governor and Council make certain findings and a determination pursuant to RSA 162‑I:9 with respect to the financing of industrial facilities comprising a project consisting of sewage and solid waste disposal facilities for Anheuser‑Busch Companies, Inc. (the “Borrower”) at the Anheuser‑Busch Brewery, 221 Daniel Webster Highway, in the Town of Merrimack, New Hampshire by the Authority’s issue of up to $12,000,000 of Sewage and Solid Waste Disposal Facilities Revenue Bonds under RSA 162‑I (the “Act”); and

WHEREAS, the Governor and Council have received all the documentation and information with respect to the transaction which they have requested; and

WHEREAS, further action by the Authority with respect to the transaction is subject to the passage of this Resolution and cannot be taken until after its passage;

IT IS HEREBY RESOLVED THAT:

Section 1.  Findings.  On the basis of the Authority’s recommendation and the documentation and information received by the Governor and Council, and after a public hearing, the Governor and Council find:

(a)           Special Findings:

(i)            The Project (which when completed will constitute the “Facilities”) consists of sewage and solid waste disposal facilities, primarily including a “Bio‑Energy Recovery System (BERS)” and related necessary and appropriate facilities.  The Project is within the definition of “Industrial Facility” in the Act and may be financed under the Act.

(ii)           The establishment and operation of the Facilities will help to protect and enhance the state’s physical environment in the State of New Hampshire.

(b)           General Findings:

(i)            The Project and the proposed financing of the Project are feasible;

(ii)           The Borrower has the skills and financial resources necessary to operate the Facilities successfully;

(iii)          The Indenture of Trust and the Loan Agreement (collectively, the “Agreements”) contain provisions so that under no circumstances will the Authority be obligated directly or indirectly to pay project costs, debt service or expenses of operation, maintenance and upkeep of the Facilities except from Bond proceeds or from funds received under the Agreements, exclusive of funds received thereunder by the Authority for its own use;

(iv)          The Agreements do not purport to create any debt of the State of New Hampshire with respect to the Facilities other than a special obligation of the Authority acting on behalf of the State under the Act; and

(v)           The proposed financing of the Project by the Authority and the proposed operation and use of the Facilities will serve one or more needs and implement one or more purposes set forth in RSA 162‑I:1, will preserve or increase the social or economic prosperity of the State and one or more of its political subdivisions and will promote the general welfare of the State’s citizens.

Section 2.  Ultimate Finding and Determination.  The Governor and Council find that the proposed financing, operation and use of the Industrial Facilities will serve a public use and provide a public benefit; and the Governor and Council determine that the Authority’s financing of the Project will be within the policy of, and the authority conferred by, the Act.

Section 3.  Approval.  The Governor and Council approve the Authority’s taking such further action under the Act with respect to the transaction as may be required.

Section 4.  Effective Date.  This Resolution shall take effect upon its passage. 

Passed and Agreed to November 15, 2006.

 

 

#2            The Governor and Executive Council on motion of Councilor Burton, seconded by Councilor Wieczorek and further on a roll call vote as follows: Councilor Burton – yes, Councilor Spaulding – yes, Councilor Griffin – yes, Councilor Wieczorek – yes, and Councilor Pignatelli – yes, authorized to hold a Public Hearing with respect to the financing of a loan to Claremont Development Authority for the development of the Brown Block located in Claremont, NH.  Action will Authorized a Resolution under RSA 162-A:18 to determine the financing will serve a public use, provide public benefit and is within the policy and authority of the Act.

 

EXTRACT FROM THE MINUTES OF THE MEETING OF THE

GOVERNOR AND COUNCIL HELD ON NOVEMBER 15, 2006

COUNCIL CHAMBER, CONCORD, NEW HAMPSHIRE

 

*                              *                              *                              *                              *                              *

At approximately 10:50 a.m., the Governor announced that the next matter to be considered would be the purchase by the Business Finance Authority of a loan to be made by Claremont Development Authority and declared that the public hearing on the subject had commenced.  He said that he and the members of the Council had received written material from the Authority with respect to the proposed loan.  The Governor then said that the meeting would hear anyone wishing to speak on the subject. Jack Donovan, Executive Director of the Authority, briefly explained the project.  The Governor then repeated that the proceedings were a public hearing and asked whether any other person wished to speak; there being none, Councilor Burton introduced a resolution entitled "A RESOLUTION UNDER RSA 162-A:18 AWARDING A LOAN PURCHASE UNDER RSA 162-A:7  WITH RESPECT TO A CERTAIN LOAN TO CLAREMONT DEVELOPMENT AUTHORITY" and moved its adoption, which was seconded by Councilor Wieczorek.  After discussion of the resolution, the Governor called for a vote on the motion.  Those voting in favor were:  the Governor and Councilor Burton, Councilor Spaulding, Councilor Griffin, Councilor Wieczorek, and Councilor Pignatelli; those abstaining were Councilor(s): None; and those voting against were Councilor(s): None.  The Governor declared that the resolution was passed.

 

*                              *                              *                              *                              *                              *

 

 


A RESOLUTION UNDER RSA 162-A:18 AWARDING A LOAN UNDER

RSA 162-A:7 FROM THE BUSINESS FINANCE AUTHORITY OF THE STATE

 OF NEW HAMPSHIRE TO CLAREMONT DEVELOPMENT AUTHORITY

 

                WHEREAS, the Governor and Council (the "Governor and Council") of the State of New Hampshire (the "State") have received from the Business Finance Authority of the State of New Hampshire (the "Authority") its written recommendation that the Governor and Council make certain findings and determinations pursuant to RSA 162-A:18 with respect to a loan by the Authority to Claremont Development Authority (the "Borrower") in the original principal amount of up to $450,000 to provide financing to assist the Borrower in the redevelopment of the Brown Block located in Claremont, New Hampshire.(the "Loan")

 

                WHEREAS, pursuant to the provisions of RSA Chapter 162-A, the Governor and Council is authorized to approve the recommendation of the Authority and to authorize and approve the Loan by the Authority upon the making of specific findings after public hearing;

 

                WHEREAS, the Governor and Council will receive all the documentation and information with respect to the proposed Loan by the Authority; and

 

                WHEREAS, further action by the Authority with respect to the proposed transaction is subject to the passage of this Resolution and cannot be taken until after its passage.

 

                NOW, THEREFORE, it is hereby resolved that:

 

                1.             Findings and Determination.  On the basis of the documentation and information received by the Governor and Council, after a public hearing, the Governor and Council find:

 

                a.             Special Findings.

 

                                (i)  The Loan in consistent with local or regional development plans or policies.

 

                b.             General Findings.

 

(i)            The Loan that the Authority has proposed will serve a public use and provide a public benefit.

 

(ii)           The Loan that the Authority has proposed is within the policy of, and the authority conferred, by RSA Chapter 162-A.

 

(iii)          The Loan that the Authority has proposed will preserve or increase the social welfare or economic prosperity of the State and one or more of its political subdivisions, and will promote the general welfare of the State's citizens.

 

(iv)          The Loan that the Authority has proposed will promote the orderly development of business activities, create or preserve employment opportunities, or protect the physical environment.

 

                2.             Approval.              Governor and Council approve the Loan by the Authority as recommended by the Authority and authorize the Authority to cause the execution and delivery of the loan documents substantially in the form submitted to Governor and Council and to take such further action as the act with respect to the transaction as may be required.

 

                3.             Effective Date.  This Resolution shall take effect upon its passage.

 

                Passed and agreed to November 15, 2006.

 

               

#3            The Governor and Executive Council on motion of Councilor Spaulding, seconded by Councilor Pignatelli and further on a roll call vote as follows: Councilor Burton – yes, Councilor Spaulding – yes, Councilor Griffin – yes, Councilor Wieczorek – yes, and Councilor Pignatelli – yes, authorized to hold a Public Hearing with respect to the financing of a loan to Monadnock Economic Development Corporation for renovations to the former Dunning building located in North Walpole, NH.  Action will Authorized a Resolution under RSA 162-A:18 to determine the financing will serve a public use, provide public benefit and is within the policy and authority of the Act.

 

 

EXTRACT FROM THE MINUTES OF THE MEETING OF THE

GOVERNOR AND COUNCIL HELD ON NOVEMBER 15, 2006

COUNCIL CHAMBER, CONCORD, NEW HAMPSHIRE

 

*                              *                              *                              *                              *                              *

                At approximately 10:53 a.m., the Governor announced that the next matter to be considered would be the purchase by the Business Finance Authority of a loan to be made by Monadnock Economic Development Corporation and declared that the public hearing on the subject had commenced.  He said that he and the members of the Council had received written material from the Authority with respect to the proposed loan.  The Governor then said that the meeting would hear anyone wishing to speak on the subject. Jack Donovan, Executive Director of the Authority, briefly explained the project.  The Governor then repeated that the proceedings were a public hearing and asked whether any other person wished to speak; there being none, Councilor Spaulding introduced a resolution entitled "A RESOLUTION UNDER RSA 162-A:18 AWARDING A LOAN PURCHASE UNDER RSA 162-A:7  WITH RESPECT TO A CERTAIN LOAN TO MONADNOCK ECONOMIC DEVELOPMENT CORPORATION" and moved its adoption, which was seconded by Councilor Griffin.  After discussion of the resolution, the Governor called for a vote on the motion.  Those voting in favor were:  the Governor and Councilor Burton, Councilor Spaulding, Councilor Griffin, Councilor Wieczorek, and Councilor Pignatelli; those abstaining were Councilor(s): None; and those voting against were Councilor(s): None.  The Governor declared that the resolution was passed.

 

*                              *                              *                              *                              *                              *

 

 


A RESOLUTION UNDER RSA 162-A:18 AWARDING A LOAN

UNDER RSA 162-A:7 FROM THE BUSINESS FINANCE AUTHORITY OF

THE STATE OF NEW HAMPSHIRE TO MONADNOCK ECONOMIC DEVELOPMENT CORPORATION

 

                WHEREAS, the Governor and Council (the "Governor and Council") of the State of New Hampshire (the "State") have received from the Business Finance Authority of the State of New Hampshire (the "Authority") its written recommendation that the Governor and Council make certain findings and determinations pursuant to RSA 162-A:18 with respect to a loan by the Authority to Monadnock Economic Development Corporation (the "Borrower") in the original principal amount of up to $120,000 to provide financing for renovations to the former Dunning building at 171 Main Street, North Walpole, New Hampshire (the "Loan")

 

                WHEREAS, pursuant to the provisions of RSA Chapter 162-A, the Governor and Council is authorized to approve the recommendation of the Authority and to authorize and approve the Loan by the Authority upon the making of specific findings after public hearing;

 

                WHEREAS, the Governor and Council will receive all the documentation and information with respect to the proposed Loan by the Authority; and

 

                WHEREAS, further action by the Authority with respect to the proposed transaction is subject to the passage of this Resolution and cannot be taken until after its passage.

 

                NOW, THEREFORE, it is hereby resolved that:

 

                1.             Findings and Determination.  On the basis of the documentation and information received by the Governor and Council, after a public hearing, the Governor and Council find:

 

                a.             Special Findings.

 

                                (i)  The Loan in consistent with local or regional development plans or policies.

 

                b.             General Findings.

 

(i)            The Loan that the Authority has proposed will serve a public use and provide a public benefit.

 

(ii)           The Loan that the Authority has proposed is within the policy of, and the authority conferred, by RSA Chapter 162-A.

 

(iii)          The Loan that the Authority has proposed will preserve or increase the social welfare or economic prosperity of the State and one or more of its political subdivisions, and will promote the general welfare of the State's citizens.

 

(iv)          The Loan that the Authority has proposed will promote the orderly development of business activities, create or preserve employment opportunities, or protect the physical environment.

 

                2.             Approval.  Governor and Council approve the Loan by the Authority as recommended by the Authority and authorize the Authority to cause the execution and delivery of the loan documents substantially in the form submitted to Governor and Council and to take such further action as the act with respect to the transaction as may be required.

 

                3.             Effective Date.  This Resolution shall take effect upon its passage.

 

                Passed and agreed to November 15, 2006.

 

 

#4            The Governor and Executive Council on motion of Councilor Burton, seconded by Councilor Pignatelli and further on a roll call vote as follows: Councilor Burton – yes, Councilor Spaulding – yes, Councilor Griffin – yes, Councilor Wieczorek – yes, and Councilor Pignatelli – yes, authorized to hold a Public Hearing to approve an award of a State Guarantee under RSA 162-A:13 with respect to a loan from GE Capital Small Business Finance Corporation to Hobo Corporation d/b/a Hobo Line, Inc. in Lincoln, New Hampshire. Action will Authorized a Resolution under RSA 162-I:18 to determine the financing will serve a public use, provide public benefit and is within the policy and authority of the Act.

 

 

EXTRACT FROM THE MINUTES OF THE MEETING OF THE

GOVERNOR AND COUNCIL HELD ON NOVEMBER 15, 2006

COUNCIL CHAMBER, CONCORD, NEW HAMPSHIRE

*                              *                              *                              *                              *                              *

At approximately 10:55 a.m., the Governor announced that the next matter to be considered would be the award of a State guarantee under the Guaranteed Asset Program of the Business Finance Authority in connection with a loan to be made by The GE Capital Small Business Finance Corporation to Hobo Corporation d/b/a Hobo Line, Inc. and declared that the public hearing on the subject had commenced.  He said that he and the members of the Council had received written material from the Authority with respect