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Massachusetts General Laws - Watershed Management - Chapter 92a½, Section 12

Legal Research Home > Massachusetts Lawyer > Watershed Management > Massachusetts General Laws - Watershed Management - Chapter 92a½, Section 12

Debt service costs.

[Text of section as amended by 2004, 149, Sec. 152 effective July 1, 2004 until January 15, 2007. See 2004, 149, Secs. 417 and 428. For text effective January 15, 2007, see below.]

Section 12. The treasurer of the commonwealth shall charge the Massachusetts Water Resources Authority for the debt service costs of bonds issued pursuant to section 3 of chapter 564 of the acts of 1987 and sections 12 and 13 of chapter 36 of the acts of 1992 for the acquisition of fee simple, development and other rights or interests inland in the areas regulated by the division. The revenue shall be deposited into the Water Supply Protection Trust established in section 73 of chapter 10 for the purposes of meeting said debt service costs. The comptroller shall transfer to the General Fund from the Water Supply Protection Trust that portion of annual assessments against the Massachusetts Water Resources Authority identified as reimbursement for debt service payments that have been previously charged to the General Fund.

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Last modified: March 27, 2006