Bond Application Policy

The purpose of this policy is to establish the audit documentation required for each governmental unit borrowing through the facilities of the New Hampshire Municipal Bond Bank (the “Bond Bank”). Annual audited financial statements prepared by a certified public accountant or a firm of certified public accountants, must accompany each application for approval to borrow through the Bond Bank.

• Requirement: Provide audited financial statements for the past 1–3 years, as the Board of the Bond Bank may determine.
• Details: Must be prepared by an independent certified public accountant, or a firm of certified public accountants.
• Purpose: To independently verify the organization’s financial health, and creditworthiness.

Timely submission of audits to the Bond Bank will be required annually throughout the life of any borrowing through the Bond Bank.