SECTION 1. The Massachusetts Development Finance Agency shall expend an amount not to exceed ten million dollars for the purpose of establishing a revolving fund to make interest-free or low interest loans to rehabilitate existing infrastructure in waterfront areas to encourage and assist industrial and commercial development and activities.
SECTION 2. To meet expenditures necessary in carrying out the provisions of Section 1 of this Act, the State Treasurer shall, upon request of the Governor, issue and sell bonds of the Commonwealth, to an amount specified by the Governor from time to time, as authorized under line item 1100-2511 of section 2A of chapter 286 of the acts of 2014 and under line item 7002-8016 of section 2A and section 3 of chapter 219 of the acts of 2016.
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