Reserve Policy


The primary purpose of the Reserve Policy is to insure payments to bond holders and to preserve and enhance the NH Municipal Bond Bank’s credit strength.

The secondary purpose of the Reserve Policy is to provide income to supplement administration of current programs and to provide support for new programs.



The main goal is to maintain reserves equal to a minimum of 3% of the 1978 Resolution loans outstanding.

To achieve the goal the following practices are approved.

  • Additional interest expense may be added to the loan rates of the governmental units
  • Savings applicable to Governmental Units resulting from a refunding may be retained by the Bond Bank.







Adopted: 6/11/15