New Hampshire § 12-O-21 - Section 12-O:21 New Hampshire Economic Development Fund.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 12-O-21 — Section 12-O:21 New Hampshire Economic Development Fund., with citation guidance and answers to common questions.
§ 12-O-21. Section 12-O:21 New Hampshire Economic Development Fund.
I. There is hereby established the New Hampshire economic development fund which shall be administered by the commissioner of the department of business and economic affairs. Said fund shall be for the purpose of providing funds for grants, loans and other economic development initiatives which shall be generally considered to be beneficial to the state's overall economy as provided for in paragraph II. II. Said fund shall be distributed or expended by the commissioner with prior approval of the fiscal committee of general court and the governor and council for any of the following purposes: (a) Business financing and expansion initiatives. (b) Workforce recruitment retention and creation. (c) International trade. (d) Research and development activities. (e) Other projects or programs recognized as being beneficial to business activity in New Hampshire. III. To maximize the economic impact of expenditures from this fund, and to leverage additional funding from other sources, the commissioner may contract with such organizations as, but not limited to, the following: (a) Chambers of commerce. (b) Regional economic development or planning organizations. (c) Innovation Research Center. (d) Small Business Development Center. IV. All moneys appropriated to the fund as well as moneys returned to the department as a result of contracts between the commissioner and any other party as authorized shall be redeposited into the New Hampshire economic development fund. In addition, the department may accept gifts, grants, donations or other moneys for the purposes of this section. Said moneys shall be deposited into the New Hampshire economic development fund.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 12-O-21
What does New Hampshire Revised Statutes Annotated § 12-O-21 cover?
Section 12-O-21 ("Section 12-O:21 New Hampshire Economic Development Fund.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 12-O-21?
A common citation format is "New Hampshire Revised Statutes Annotated § 12-O-21" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 12-O-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.