General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE VII. CITIES, TOWNS AND DISTRICTS |
CHAPTER 44A. QUALIFIED BOND ACT |
SECTION 12. Commonwealth not to act as pledge or surety
Latest version.
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Nothing in this chapter shall be construed to pledge the credit and assets of the commonwealth to the support of bonds issued pursuant to this chapter or to guarantee payment or stand as surety for the payment of bonds pursuant to this chapter.