SECTION 1. Section 9 of chapter 40D of the General Laws, is hereby amended by striking out in line 4 after the word “chapter”, the word “shall”, and inserting in place thereof the following word:- may
SECTION 2.Section 9 of chapter 40D of the General Laws, as so appearing, is hereby amended by inserting after the last sentence the following:-
Notwithstanding the foregoing, any bonds issued under the provisions of this chapter may be secured by a loan agreement, in place of a trust agreement, by and between the issuing municipality acting by and through an industrial development financing authority and a financial institution.
SECTION 3. Section 1 of chapter 40D of the General Laws, as so appearing, is hereby amended by inserting in the eighth sentence in clause (1) after the word “guests” the following:- and low or moderate income housing as defined in section 20 of chapter 40B.
SECTION 4. Section 7 of chapter 40D of the General Laws, as so appearing, is hereby amended by inserting after clause (ix) the following clause:- (x) to issue bonds for low and moderate income rental housing.
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