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he
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ommonwealth of
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assachusetts
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PART I
TITLE II
CHAPTER 23G
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PART I
ADMINISTRATION OF THE GOVERNMENT
(Chapters 1 through 182)
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TITLE II
EXECUTIVE AND ADMINISTRATIVE OFFICERS OF THE
COMMONWEALTH
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CHAPTER 23G
THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
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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
Biennial audit
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
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