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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE II EXECUTIVE AND ADMINISTRATIVE OFFICERS
    OF THE COMMONWEALTH
  • CHAPTER 23G THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  • Section 39 Agreements, contracts, leases and other obligations; performance and enforcement upon termination of agency

Section 39. Upon the termination of the Agency’s existence, all then existing agreements, contracts, leases and other obligations of the Agency or to which the Agency is a party which relate to the exercise of its powers or the performance of its duties and which are in force immediately prior to said termination, shall be performed, and may be enforced for the benefit of the commonwealth, by the secretary of administration and finance. This section shall not affect any renewal provision or option to renew contained to any such lease in existence on said termination date, all of which may thereafter be exercised by said secretary.