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December 23, 2024 Clouds | 24°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title VII CITIES, TOWNS AND DISTRICTS
  4. Chapter 44A QUALIFIED BOND ACT
  5. Section 12 Commonwealth not to act as pledge or surety

Section 12

Section 12: Commonwealth not to act as pledge or surety

Section 12. Nothing in this chapter shall be construed to pledge the credit and assets of the commonwealth to the support of bonds issued pursuant to this chapter or to guarantee payment or stand as surety for the payment of bonds pursuant to this chapter.