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State of NH General Obligation Capital Improvement Bonds 2011

State of NH General Obligation Capital Improvement Bonds 2011

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PRELIMINARY OFFICIAL STATEMENT DATED OCTOBER 12, 2011
This Preliminary Official Statement and the information contained herein are subject to completion or amendment. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any s
PRELIMINARY OFFICIAL STATEMENT DATED OCTOBER 12, 2011
This Preliminary Official Statement and the information contained herein are subject to completion or amendment. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any s

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Published by: Grant Bosse on Oct 19, 2011
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PRELIMINARY OFFICIAL STATEMENT DATED OCTOBER 12, 2011NEW ISSUE Book Entry Only Ratings: Fitch Ratings:Moody’s:Standard & Poor’s:See
 Ratings
herein
 In the opinion of Edwards Wildman Palmer LLP, Bond Counsel, based upon an analysis of existing lawand assuming, among other matters, compliance with certain covenants, interest on the Bonds is excluded fromgross income for federal income tax purposes under the Internal Revenue Code of 1986. Interest on the Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, however such interest is included in adjusted current earnings when calculating corporate alternative minimum taxableincome. Under existing law, interest on the Bonds is exempt from the New Hampshire personal income tax oninterest and dividends. Bond Counsel expresses no opinion regarding any other tax consequences related to theownership or disposition of, or the accrual or receipt of interest on, the Bonds. See “TAX EXEMPTION” and  Appendix A herein.
$100,000,000STATE OF NEW HAMPSHIREGENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS2011 SERIES B
Dated: Date of Delivery Due: as shown on the inside cover hereof The Bonds will be issued as fully registered bonds, registered in the name of Cede & Co., as nominee forThe Depository Trust Company (“DTC”). Purchases of beneficial interests in the Bonds will be made in book-entryform (without certificates) in the denomination of $5,000 or any integral multiple thereof. See
The Bonds--Book- Entry Only System
herein.Interest on the Bonds will be payable semiannually on February 1 and August 1 of each year, commencingFebruary 1, 2012 until maturity or redemption prior to maturity. The Bonds are subject to redemption prior tomaturity as provided herein.
The Bonds are offered for sale in accordance with the official Notice of Sale dated October 12, 2011to which reference is made for the conditions of such sale.
____________________________
The Bonds are offered subject to the final approving opinion of Edwards Wildman Palmer LLP, Boston, Massachusetts, Bond Counsel, and to certain other conditions referred to in the Notice of Sale. Public Resources Advisory Group has acted as Financial Advisor to the State with respect to the Bonds. Delivery of the Bonds to DTC or its custodial agent is expected on or about October 27, 2011.
October 12, 2011
 
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$100,000,000STATE OF NEW HAMPSHIREGENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS2011 SERIES B
DueFebruary 1PrincipalAmountInterestRatePrice orYieldCUSIP
**
644682DueFebruary 1PrincipalAmountInterestRatePrice orYieldCUSIP
**
 6446822013 $6,000,000 2023 $4,445,0002014 6,000,000 2024 4,445,0002015 6,000,000 2025 4,445,0002016 6,000,000 2026 4,445,0002017 6,000,000 2027 4,445,0002018 6,000,000 2028 4,445,0002019 6,000,000 2029 4,445,0002020 6,000,000 2030 4,445,0002021 6,000,000 2031 4,440,0002022 6,000,000
**
CUSIP is a registered trademark of the American Bankers Association. CUSIP data herein is provided by CUSIPGlobal Services, managed by Standard & Poor’s Financial Services LLC on behalf of The American BankersAssociation. The CUSIP numbers are included solely for the convenience of Bondowners and the State is notresponsible for the selection or the correctness of the CUSIP numbers printed herein. CUSIP numbers assigned tosecurities may be changed during the term of such securities based on a number of factors, including, but not limited to,the refunding or defeasance of such securities or the use of secondary market financial products.
 
 i
No dealer, broker, salesperson or other person has been authorized by the State of New Hampshire to give anyinformation or to make any representations with respect to the State or the Bonds, other than those contained in thisOfficial Statement, and, if given or made, such other information or representations must not be relied upon as havingbeen authorized by the State of New Hampshire.This Official Statement is not to be construed as a contract or agreement between the State of New Hampshireand the purchasers or owners of any of the Bonds. Any statements made in this Official Statement involving matters of opinion, whether or not expressly so stated, are intended merely as opinion and not a representation of fact. Theinformation and expressions of opinion contained herein are subject to change without notice and neither the deliveryof this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that therehas been no change in any of the information set forth herein since the date hereof.This Official Statement is provided only in connection with the sale of the Bonds by the State of NewHampshire pursuant to the Notice of Sale dated October 12, 2011 and may not be reproduced or used in whole or inpart for any other purpose without the express written consent of the State Treasurer. Reference is made to the Noticeof Sale for a description of the terms and conditions of the sale of the Bonds to the original purchasers thereof.
TABLE OF CONTENTS
 PART I: INFORMATION CONCERNING THE BONDS THE BONDS ............................................................. 1
 
Description of the Bonds ...................................... 1
 
Redemption Provisions ......................................... 2
 
Security for the Bonds .......................................... 2
 
Authorization, Purpose and Application of Proceeds ................................................................ 3
 
RATINGS .................................................................. 6
 
 
Statement pursuant to New Hampshire Revised Statutes Annotated 421-B:20:In making an investment decision investors must rely on their own examination of theissuer and the terms of the offering, including the merits and risks involved. Thesesecurities have not been recommended by any federal or state securities commission orregulatory authority. Furthermore, the foregoing authorities have not confirmed theaccuracy or determined the adequacy of this document. Any representation to thecontrary is a criminal offense
.

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