NH Construction Law

OCTOBER 22, 2023

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit. Reading Cooperative Bank v.

Security 40

Security Contract Accounting Construction 40

Buisness Facilities Contributed Content

APRIL 15, 2014

Oil and Gas Service Industry Manufacturing Credit (AS 43.20.049): As part of the More Alaska Production Act passed in 2013, this is a credit of 10% of qualified oil and gas industry service expenditures, up to $10 million per taxpayer per year. Borrowers with over 500 employees are ineligible for this program.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75

Income Finance Zoning Equipment 75