RSA 162-L:1 Definitions.

In this chapter, the following terms shall have the following meanings, unless the context indicates another meaning or intent:
I. "Authority" means the community development finance authority established by RSA 162-L:2.
II. "Community development corporation" means a nonprofit corporation, organized under the laws of the state to carry out certain public purposes and with bylaws providing that:
(a) The corporation shall be organized to operate within specific geographic boundaries.
(b) Membership in the corporation shall be open to all residents of the target area who are 18 years of age or older; membership may be open to persons outside the target area, but voting membership of persons not residing in the target area shall be limited to 10 percent of the t