Item 3

TABLED - The Governor and Executive Council on motion of Councilor Pappas, seconded by Councilor Sununu and further on a roll call vote as follows: Councilor Burton – absent, Councilor Van Ostern – abstained, Councilor Sununu – yes, Councilor Pappas – yes, and Councilor Pignatelli – no, failed to authorize this item. After discussion, The Governor and Council on motion of Councilor Pignatelli, seconded by Councilor Sununu voted to reconsider the item. Then, The Governor and Council on motion of Councilor Pignatelli, seconded by Councilor Pappas voted to table the request to hold a Public Hearing to approve an award of a State Guarantee under RSA 162-A:13 with respect to a loan from First Colebrook Bank to The Thomas More College of Liberal Arts, Inc. and Thomas More Foundation located in Merrimack, New Hampshire. Action will authorize a Resolution under RSA 162-A:18 to determine the financing will serve a public use, provide public benefit and is within the policy and authority of the Act.