General Laws of Massachusetts - Chapter 121A Urban Redevelopment Corporations
- Massachusetts General Laws - Definitions - Chapter 121A, Section 1
Unless a different meaning clearly appears from the context, the following terms, wherever used in this chapter, shall have the following meanings:— “Blighted open area”,...
- Massachusetts General Laws - Declaration of public necessity; acquisition and regulation of private property - Chapter 121A, Section 2
It is hereby declared that blighted open, decadent or sub-standard areas exist in certain cities and towns in this commonwealth, and that each of such...
- Massachusetts General Laws - Establishment of corporations to carry out projects; number of projects for each corporation; co-operative corporations - Chapter 121A, Section 3
Three or more persons may associate themselves by written agreement of association in a form furnished or approved by the commissioner of corporations and taxation...
- Massachusetts General Laws - Rules and regulations of housing boards; standards for project plans; variations - Chapter 121A, Section 4
The housing board may make, and from time to time amend, reasonable rules and regulations in regard to the procedure for securing the approval of...
- Massachusetts General Laws - Application for approval of project; contents - Chapter 121A, Section 5
The persons who have executed an agreement of association under section three with intent to form a corporation for the purpose of undertaking and carrying...
- Massachusetts General Laws - Project approval; procedure - Chapter 121A, Section 6
Whenever the housing board is asked to approve a project under this chapter, it shall transmit the application to the mayor of the city or...
- Massachusetts General Laws - Contracts; contents; filing; inspection; approval; collection of amounts payable - Chapter 121A, Section 6A
As soon as any such corporation determines to carry out a project approved by the housing board, such corporation and the city in which its...
- Massachusetts General Laws - Notice of hearing - Chapter 121A, Section 6B
The planning board shall give notice of each public hearing required by section six by publishing a notice in a newspaper of general circulation in...
- Massachusetts General Laws - Appeals; procedure - Chapter 121A, Section 6C
Any person aggrieved by the disapproval of a project by a hearing authority, or by disapproval of a project by the mayor or the selectmen...
- Massachusetts General Laws - Borrowing money to finance project; capital stock subscriptions and sale; stocks, bonds or other securities of corporation as legal investments - Chapter 121A, Section 7
No more than such proportion of the estimated cost of a project, not exceeding ninety per cent thereof, as the housing board will approve, shall...
- Massachusetts General Laws - Purchase or lease of real estate by urban redevelopment corporation from housing authority; approval - Chapter 121A, Section 7A
A corporation organized under section three or an insurance company or a group of insurance companies or a savings bank or group of savings banks...
- Massachusetts General Laws - Inspection of buildings; proceedings upon violation of rules and regulations with respect to construction and financing; injunction - Chapter 121A, Section 8
The construction of all buildings upon a project shall be inspected by competent persons chosen by the housing board to the extent necessary to make...
- Massachusetts General Laws - Limitation in repayment of investment in stock; limitations of dividends - Chapter 121A, Section 9
Except as provided in section sixteen, the stockholders of every such corporation shall be deemed, when they subscribe to and receive the stock thereof, to...
- Massachusetts General Laws - Exemption from taxation and assessments; valuation; appeals; annual payment; additional tax and project approval procedure - Chapter 121A, Section 10
For a period of fifteen years after the organization of any such corporation, such corporation and all its real and personal property, including all real...
- Massachusetts General Laws - Acquisition and sale of land or interests in land; approval - Chapter 121A, Section 11
Any corporation authorized to undertake or acquire projects under this chapter may lease land or interests in land, including air rights, or may acquire such...
- Massachusetts General Laws - Receipt of loans and grants from the federal government and other sources; borrowing money; issuance of notes and indebtedness - Chapter 121A, Section 12
Any such corporation shall have power to receive loans and grants from the federal government or any agency or instrumentality thereof or from any other...
- Massachusetts General Laws - Application to change type and character of buildings on project; approval - Chapter 121A, Section 13
Any such corporation may apply to the housing board for leave to change the type and character of the buildings on a project. The housing...
- Massachusetts General Laws - Contracts with cities or towns relative to public and private ways, sidewalks, parks and other public improvements; contracts for sale, lease or exchange of real estate - Chapter 121A, Section 14
Any such corporation, in accordance with the provisions of section six, may enter into a contract with the city or town in which its project...
- Massachusetts General Laws - Application of receipts in excess of authorized expenditures - Chapter 121A, Section 15
Should the gross receipts of any such corporation from the operation of a project undertaken by it under authority of this chapter, in any year...
- Massachusetts General Laws - Rights, privileges, obligations and duties of corporation after period of organization - Chapter 121A, Section 16
Notwithstanding any other provisions of this chapter, if a corporation organized under section three has carried out its obligations and performed its duties as imposed...
- Massachusetts General Laws - Successor in interest to corporation; options; filing of certificate - Chapter 121A, Section 16A
If an action is brought or if proceedings are undertaken for the foreclosure of a mortgage or lien upon a project or upon any severable...
- Massachusetts General Laws - Repealed, 1953, 647, Sec. 6 - Chapter 121A, Section 17
Repealed, 1953, 647, Sec.
- Massachusetts General Laws - Authority of insurance companies to undertake projects; exceptions - Chapter 121A, Section 18
An insurance company incorporated under the laws of the commonwealth or authorized to transact business in the commonwealth, instead of investing its funds in the...
- Massachusetts General Laws - Authority of savings banks and co-operative banks to undertake projects; limitations; loans; association of banks - Chapter 121A, Section 18A
A savings bank or co-operative bank incorporated in this commonwealth, subject to such regulations as the commissioner of banks deems necessary or advisable, may, either...
- Massachusetts General Laws - Authority of corporation to take over existing project; application; changes in project; certificate of board - Chapter 121A, Section 18B
Three or more persons may associate themselves by written agreement of association, in a form furnished or approved by the commissioner of revenue, with intent...
- Massachusetts General Laws - Authority of persons to undertake or acquire and carry on urban redevelopment projects - Chapter 121A, Section 18C
Individuals, and associations of persons organized in the commonwealth in the form of joint ventures, partnerships, limited partnerships or trusts, resident or organized in the...
- Massachusetts General Laws - Condominium projects; regulations - Chapter 121A, Section 18D
For the purposes of this section, it is hereby declared the public policy of the commonwealth to permit the creation of condominiums within project areas...
- Massachusetts General Laws - Partial invalidity - Chapter 121A, Section 19
The provisions of this chapter are hereby declared to be severable, and if any such provision, or the application of any such provision to any...
Last modified: September 11, 2015