Meetings / Dec 29, 2017 / Item 1

Item 1

approved contract

Dec 29, 2017

Description

Authorize to enter into a sole source Loan Agreement to provide the National Council on Alcoholism and Drug Dependence/Greater Manchester (NCADD) with a revolving line of credit not to exceed $250,000, effective upon Governor and Executive Council approval through June 30, 2019. 100% Other Funds. This Line of Credit is to be repaid to the State pursuant to the terms of a Revolving Line of Credit Note and is secured by a mortgage on NCADD property at 101 Manchester Street in Manchester, New Hampshire as well as an assignment of claims against third parties.

Amount
$250,000
$250,000,
Department
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Division of Behavior Health, Bureau of Drug and Alcohol Services
Funding Source
100% Other Funds
Vote Record approved
Joseph Kenney (R) yes
Andru Volinsky (D) yes
Russell Prescott (R) yes
Christopher Pappas (D) yes
Dave Wheeler (R) yes

Documents (1)

Item_1.pdf Open in new tab →
← Back to Dec 29, 2017 meeting