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Proposal to merge health/education financing authority into business finance authority draws questions about process and liability
Summary
SB56 would fold the New Hampshire Health and Education Facilities Authority (HEFA) into the Business Finance Authority (BFA) to consolidate conduit-bond issuance and achieve operational savings; BFA representatives said outstanding conduit bonds remain borrower liabilities and the merger is voluntary with board support.
The House committee heard SB56, a bill to consolidate the New Hampshire Health and Education Facilities Authority into the Business Finance Authority, with testimony from James Key Wallace, executive director of the BFA.
Wallace said the two quasi‑state agencies provide similar conduit‑bond issuer services for nonprofits, health systems and higher‑education…
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