New Hampshire Revised Statutes 187-A:33-a – Company Default on Matching Funds
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 187-A:33-a
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
In the event that a company defaults on all or a portion of its matching obligations, the state‘s obligated pro rata portion of the project costs incurred will still be paid to the university to minimize its losses for the work that has already been completed. The university shall notify the state within 45 days of the time a company’s matching portion payment has not been received when due.