COLLEGE SAVINGS BOND PROGRAM

RSA tit. XV, ch. 195-G

in effect

RSA 195-G:1 Declaration of Policy.

195-G:1. Declaration of Policy. It is declared to be the policy of this state that for the benefit of the people of the state, the increase of their commerce, welfare, and prosperity and the improvement of their health and living conditions, it is essential that students attending higher educational institutions be given the fullest opportunity to learn and develop their intellectual and mental capacities. It is recognized that the financial costs to obtain an education beyond the high school level are often burdensome or prohibitive, and it is essential that qualified students or their parents be provided with methods to finance postsecondary education. It is essential that state residents be provided with an appropriate method of financing their postsecondary educations so that they might achieve the required levels of learning and development of their intellectual and mental capacities. Therefore, the general court has conferred certain powers on the state treasurer to accomplish the purposes of this chapter, all to the public benefit and good. It is further declared that the exercise by the state treasurer of the powers conferred under this chapter shall constitute the performance of an essential governmental function. Source. 1989, 394:1, eff. Aug. 4, 1989.

RSA 195-G:2 Definitions.

195-G:2. Definitions. In this chapter "college saving bonds" means general obligation bonds of the state issued pursuant to RSA 6-A and this chapter. Source. 1989, 394:1, eff. Aug. 4, 1989.

RSA 195-G:3 College Savings Bonds.

195-G:3. College Savings Bonds. Bonds sold pursuant to RSA 6-A:12 may be designated by the state treasurer as college savings bonds. Such college savings bonds shall mature not less than 5 years nor more than 20 years from the date of issuance, unless the state treasurer determines otherwise, and shall be subject to such financial incentives as may be otherwise provided. Source. 1989, 394:1, eff. Aug. 4, 1989.

RSA 195-G:4 Negotiated Sale of Bonds.

195-G:4. Negotiated Sale of Bonds. No college savings bonds shall be sold at a negotiated sale unless the underwriter or underwriters to which such bonds are sold: I. Are organized, incorporated or have their principal place of business in the state; or II. In the judgment of the state treasurer, have sufficient capability to make a broad distribution of such bonds to investors residing in the state. Source. 1989, 394:1, eff. Aug. 4, 1989.

Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/NHTOC/NHTOC-XV-195-G.htmFetched: 10/20/2026