General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE II. EXECUTIVE AND ADMINISTRATIVE OFFICERS OF THE COMMONWEALTH |
CHAPTER 23G. THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY |
SECTION 1. Definitions |
SECTION 2. Creation; directors, officers and employees; termination; trade secrets |
SECTION 3. Powers |
SECTION 4. Development Finance Insurance Fund |
SECTION 5. Insurance or reinsurance of loans; rates; approval of loan |
SECTION 6. Massachusetts Export Development Fund |
SECTION 7. Massachusetts export development program; insurance, co-insurance and loan guarantees |
SECTION 8. Issuance of bonds; bond reserve fund |
SECTION 9. Investment in bonds by public officers, public bodies, insurance or banking institutions |
SECTION 10. Audits |
SECTION 11. Marine Seafood Processing Revolving Loan Fund; separate accounts |
SECTION 12. Marine Seafood Processing Revolving Loan Fund; rules and regulations advisory council; loan authorization |
SECTION 13. Grant and approval of loans |
SECTION 14. Acquisition of lands |
SECTION 15. Conveyance of land to agency or Boston redevelopment authority |
SECTION 16. Acquisition of surplus or blighted lands; redevelopment or incubator development plans; approval |
SECTION 16A. Designations; walking track; tennis courts |
SECTION 16B. Borrowing of money |
SECTION 16C. Taking of land by eminent domain |
SECTION 17. Disposition of lands; valuation |
SECTION 18. Government Land Bank Fund |
SECTION 18A. Liability for payment of bonds issued under prior act |
SECTION 19. Grants; financing transactions; approval of applications |
SECTION 20. Small business incubator facilities; location restriction |
SECTION 21. Application requirements for incubator development plan, loans or grants |
SECTION 22. Application approval; requirements by incubator sponsor |
SECTION 23. Incubator facilities; tenant businesses; time limitation |
SECTION 24. Authorization to borrow; issuance of bonds and notes |
SECTION 25. Issuance and sale of bonds |
SECTION 26. Contract assistance for debt service obligations |
SECTION 27. Emerging Technology Fund |
SECTION 28. Advisory committee; membership; terms; quorum; reimbursement for expenses |
SECTION 29. Debt obligations |
SECTION 29A. Brownfields Redevelopment Fund |
SECTION 30. Accounts of receipts and expenditures; annual report |
SECTION 31. Rents and charges for services or facilities furnished or supplied by agency |
SECTION 32. Liability in contract or tort |
SECTION 33. Exemption from taxation |
SECTION 34. Annual report |
SECTION 35. Building projects; contracting or incurring obligations for project design or construction |
SECTION 36. Interests in land, mortgages, liens and security interests; transfer upon termination of agency |
SECTION 37. Monies credited to Government Land Bank Fund; reversion upon termination of agency |
SECTION 38. Books, papers, records, documents and equipment; transfer upon termination of agency |
SECTION 39. Agreements, contracts, leases and other obligations; performance and enforcement upon termination of agency |
SECTION 40. Proceedings and prosecutions pending upon termination of agency |
SECTION 41. Incubator Program Fund |
SECTION 42. Massachusetts Cultural Facilities Fund |
SECTION 43. Cultural facilities fund advisory committee; members; review of applications for grant and loans |
SECTION 44. Application of other laws to the agency |
SECTION 45. Commonwealth advanced manufacturing futures program; grants and loans; performance evaluations; annual reports |
SECTION 46. Transformative Development Fund |