Municipal Securities

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    [Section 18(b)(4)(C) of the Securities Act of 1933] 

    See RSA 421-B:11, I-a (d) 

    The Bureau only requires a notice filing for those municipal securities that fall under the definition of "Industrial Bonds" pursuant to RSA 421-B:2, VIII.  Other municipal bonds are exempt under RSA 421-B:17, I(a) which requires no filing with the Bureau. 

    INITIAL FILING REQUIREMENT 

    The following documents must be submitted to the Bureau: 

    1.  Filing fee based on 2/10 of 1% (New Hampshire Aggregate Offering Price) with a maximum of $1,050, plus a non-refundable fee of $200.  [See RSA 421-B:31, I(k)].  Checks should be payable to the "State of New Hampshire". 
    2.  Form U-2, UNLESS the offering is made on a firmly underwritten basis by a New Hampshire licensed broker-dealer. 
    3.  Copy of prospectus or offering circular. 
    4.  Name of the New Hampshire licensed broker-dealer engaged in the distribution of the securities. 

    ADDITIONAL FILING REQUIREMENTS AND CONSIDERATIONS 

    1.  Annual renewal fee for continuing offerings is 2/10 of 1% of the amount offered in New Hampshire (New Hampshire Aggregate Offering Price), maximum of $1,050 for each security registered.  The fee is due on or before the anniversary of the date of registration in New Hampshire.