February 11, 2019 – Credit Committee

CREDIT COMMITTEE MEETING

The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called

to order at 2:10 p.m. at 2 Pillsbury Street, Pillsbury Meeting Room, Concord, New Hampshire.

The following Directors were present:   Dick Anagnost, Daniel Henderson, Catherine Provencher, Bill Dwyer, Matthew Benson, Senator Jeanne Dietsch, Representative Laurie Sanborn and Representative Kermit Williams. Present via telephone were Directors Stephen Duprey and Jeffrey Hayes.  Absent were Directors Nancy Merrill, Charles Withee and Senator Bob Giuda.  Also present were:  James Key-Wallace, Executive Director and Clerk; William Rushforth, Chief Financial Officer; and Kris Moussette, Hinckley Allen & Snyder.

At 2:15 p.m., the Chairman asked the Board to consider a nonpublic session.  The purpose of the nonpublic session was for the following reason:

Consideration of applications by the Business Finance Authority under RSA 162-A:7-10 and RSA 162-A:13, where consideration of confidential, commercial, or financial information that is exempt from public disclosure; and matters which if discussed in public, would likely affect adversely the reputation of any person, other than a member of the public body itself.

Whereupon Director Henderson made a motion for nonpublic session and Director Dwyer seconded.

The following roll call vote was taken to enter into the nonpublic session:

Director Anagnost                      yes

Director Duprey                         yes

Director Henderson                    yes

Director Hayes                           yes

Director Benson                         yes

Director Provencher                   yes

Director Dwyer                          yes

Following a vote of the Board to enter into a nonpublic session, the minutes of the nonpublic session are hereby recorded.

At 2:17 p.m., Director Henderson made a motion to come out of nonpublic session, seconded by Director Dwyer.

Director Henderson made a motion to seal the minutes of the nonpublic session because it is determined that divulgence of the information likely would affect adversely the reputation of any person other than a member of the public body itself, or render the proposed action ineffective.

Upon second made by Director Dwyer, the following named directors voted:

Aye: Dick Anagnost, Stephen Duprey, Jeffrey Hayes, Daniel Henderson, Catherine Provencher, Matthew Benson and Bill Dwyer.  Nay:  None.  Abstain:  None.

Whereupon the Chairman declared said action adopted.

There being no further business and upon motion made and seconded, the meeting was adjourned at 2:20 p.m.

 

 

Respectfully submitted:

James Key-Wallace

Clerk



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