RSA 204-C:2 Authority Established.

There is hereby created a body politic and corporate having a distinct legal existence separate from the state and not constituting a department of state government, to be known as the New Hampshire housing finance authority to carry out the provisions of this chapter. The authority is hereby deemed to be a public instrumentality and the exercise by the authority of the powers conferred by this chapter shall be deemed and held to be the performance of public and essential governmental functions of the state. The rights, remedies, security and obligations of any person holding an outstanding bond or note issued by the New Hampshire housing finance agency or the New Hampshire housing commission prior to the effective date of this chapter, and the rights, remedies and obligations of any pers