# N.H. Rev. Stat. § 162-A:3: 162-A:3 Authority Created

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXII_C162-A_S3

## Section

- **Citation:** N.H. Rev. Stat. § 162-A:3
- **Heading:** 162-A:3 Authority Created
- **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 3

## Text

There is hereby created the business finance authority, formerly operating and known as the industrial development authority, which shall be a body corporate and politic having a distinct legal existence separate from the state and not constituting a department of state government having the powers and jurisdiction enumerated in this chapter and such other and additional powers as shall be conferred upon it by the legislature. The authority is hereby deemed to be a public instrumentality and the exercise by the authority of the powers conferred upon it by the legislature shall be deemed and held to be the performance of public and essential governmental functions of the state.

## 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_S3. Check the current official text before relying on it. Not legal advice.