Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 4 of chapter 708 of the acts of 1966 is hereby amended by striking out paragraph (x), added by section 33 of chapter 722 of the acts of 1989, and inserting in place thereof the following paragraph:-

(y) Establish a program to finance or assist the financing of the modifications or adaptation of existing housing in order to make such housing accessible to and usable by handicapped persons and in conjunction therewith and to further the purpose of this program (i) to make low interest loans, including but not limited to home improvement loans, to low income persons or families and to moderate income persons or families, (ii) to purchase, participate in the purchase of, or contract to purchase loans, (iii) to enter into advance commitments for the purchase of or participation in the purchase of loans, and (iv) to make loans to lenders who have entered into commitments to make loans and to fund and operate an interest subsidy program.