This bill amends the existing law regarding the maximum amount of state guarantees in force, specifically under RSA 162-A:22. The current limit is set to increase incrementally over the years, with the latest increase scheduled for June 1, 2023, raising the cap to $200,000,000 plus interest. The bill proposes to delete this scheduled increase and instead insert a new provision that raises the maximum limit to $500,000,000 plus interest, effective March 1, 2026.

The bill aims to enhance the financial capacity of the state by significantly increasing the amount of guarantees available, thereby potentially facilitating greater support for public safety and welfare initiatives through the Business Finance Authority. The effective date of the bill is upon its passage, which was approved on June 19, 2026.

Statutes affected:
Introduced: 162-A:22
Version adopted by both bodies: 162-A:22
CHAPTERED FINAL VERSION: 162-A:22
SB525 text: 162-A:22