# N.H. Rev. Stat. § 162-A:1: 162-A:1 Declaration of Need and Purpose

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S1

## Section

- **Citation:** N.H. Rev. Stat. § 162-A:1
- **Heading:** 162-A:1 Declaration of Need and Purpose
- **Jurisdiction:** New Hampshire
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NH Code / Title XII / Chapter 162-A / Section 1

## Text

It is declared that there is a statewide need for the preservation and development of business and industry for the betterment of the economy of the state and its inhabitants. It is the purpose of this chapter to provide for the preservation, establishment, and redevelopment of business and industry, together with adequate transportation, water, sewage and other necessary facilities, so as to provide and encourage orderly development, create or preserve employment opportunities, protect the physical environment, preserve or increase the social welfare or economic prosperity of the state or its political subdivisions, and promote the general welfare of the state's citizens. It is further declared that the business finance authority, created in this chapter shall be regarded as performing an essential governmental function in carrying out the provisions of this chapter.

## Nearby sections

- [N.H. Rev. Stat. § 162-A:1 162-A:1 Declaration of Need and Purpose.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S1.md)
- [N.H. Rev. Stat. § 162-A:2 162-A:2 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S2.md)
- [N.H. Rev. Stat. § 162-A:3 162-A:3 Authority Created.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S3.md)
- [N.H. Rev. Stat. § 162-A:4 162-A:4 Management.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S4.md)
- [N.H. Rev. Stat. § 162-A:5 162-A:5 Vacancy, Removal, or Suspension.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S5.md)
- [N.H. Rev. Stat. § 162-A:5-a 162-A:5-a Administrative Officers; Compensation.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S5-a.md)
- [N.H. Rev. Stat. § 162-A:5-b 162-A:5-b Access to Capital Funding for Community Health Centers.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S5-b.md)
- [N.H. Rev. Stat. § 162-A:6 162-A:6 Incorporation; Powers.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S6.md)
- [N.H. Rev. Stat. § 162-A:7 162-A:7 Aid to Local or Regional Development Organizations.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S7.md)
- [N.H. Rev. Stat. § 162-A:7-a 162-A:7-a Guarantee of Loans to Local Development Organizations.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S7-a.md)
- [N.H. Rev. Stat. § 162-A:7-b 162-A:7-b Annual Grants to Regional Economic Development Corporations.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S7-b.md)
- [N.H. Rev. Stat. § 162-A:8 162-A:8 Guarantee of Loans to Small Businesses.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S8.md)
- [N.H. Rev. Stat. § 162-A:9 162-A:9 Temporary Loans to Business.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S9.md)
- [N.H. Rev. Stat. § 162-A:9-a 162-A:9-a Energy Conservation Loan Program.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S9-a.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S1. Check the current official text before relying on it. Not legal advice.