The application for and the issuance of bonds shall be a 4 step procedure which shall consist of the following elements:
- (a) Except as provided in Bfa 402.03(b), the submission of a preliminary application by a user and the grant of preliminary official action by the authority;
- (b) The submission of a final application and the authority's authorization of the issuance of bonds;
- (c) A public hearing before the governor and council and the making of certain findings by the governor and council pursuant to RSA 162-I:9; and
- (d) The issuance of the bonds.
Source. (See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93