RSA 195-D:21 Procedure Before Issuance of Bonds.

Notwithstanding any other provision of this chapter, the corporation is not empowered to undertake any project or refinancing of existing indebtedness authorized by this chapter unless, prior to the issuance of any bonds hereunder, the governor and his council, or their designee, have found after a hearing thereon that:
I. In the case of undertaking a project, the construction and acquisition of such project will enable or assist a participating educational institution to provide education or a participating health care institution to provide health care facilities; and
II. Such project to be undertaken or a project to which the refinancing of existing indebtedness relates will be leased to, or owned by, a financially responsible participating institution or an affiliate