General Laws of Massachusetts - Chapter 23I The Massachusetts Life Sciences Center

• Massachusetts General Laws - Findings and declarations relating to life sciences - Chapter 23I, Section 1
  The general court finds and declares that: (1) research in the life sciences and regenerative medicine presents a significant opportunity of yielding fundamental biological knowledge...
• Massachusetts General Laws - Definitions - Chapter 23I, Section 2
  As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:— “Affiliate”, any business which directly or...
• Massachusetts General Laws - Massachusetts Life Sciences Center; board of directors; officers and employees; meetings and records - Chapter 23I, Section 3
  (a) There is hereby created a body politic and corporate to be known as the Massachusetts Life Sciences Center. The center is hereby constituted a...
• Massachusetts General Laws - Powers of Massachusetts Life Sciences Center - Chapter 23I, Section 4
  (a) The center shall have all powers necessary or convenient to carry out and effectuate its purposes, including, without limiting the generality of the foregoing,...
• Massachusetts General Laws - Life sciences investment program; company certification; benefits eligibility; tax incentives; revocation of certification; capital funding - Chapter 23I, Section 5
  (a) There shall be established a commonwealth life sciences investment program which shall be administered by the center. The purpose of the program shall be...
• Massachusetts General Laws - Massachusetts Life Sciences Investment Fund - Chapter 23I, Section 6
  (a) There shall be established and placed within the center a fund to be known as the Massachusetts Life Sciences Investment Fund, hereinafter in this...
• Massachusetts General Laws - Dr. Craig C. Mello Small Business Equity Investment Fund - Chapter 23I, Section 7
  (a) There shall be established and placed within the center a fund to be known as the Dr. Craig C. Mello Small Business Equity Investment...
• Massachusetts General Laws - Dr. Judah Folkman Higher Education Grant Fund - Chapter 23I, Section 8
  (a) There shall be established and placed within the center a fund to be known as the Dr. Judah Folkman Higher Education Grant Fund, hereinafter...
• Massachusetts General Laws - Massachusetts Small Business Matching Grant Fund - Chapter 23I, Section 9
  (a) There shall be established and placed within the center the Massachusetts Small Business Matching Grant Fund, hereinafter referred to in this section as the...
• Massachusetts General Laws - Massachusetts Life Sciences Education Fund - Chapter 23I, Section 10
  (a) There shall be established and placed within the center a fund to be known as the Massachusetts Life Sciences Education Fund, hereinafter in this...
• Massachusetts General Laws - Regional technology and innovation center; purpose; duties - Chapter 23I, Section 11
  (a) The center, in consultation with the advisory board established by section 12, shall identify 1 existing life sciences entity with experience facilitating local or...
• Massachusetts General Laws - Advisory board; terms of service; duties - Chapter 23I, Section 12
  There shall be an 18-member advisory board to be appointed by the governor to advise the center. The members shall include: 10 of whom shall...
• Massachusetts General Laws - Life sciences sector database - Chapter 23I, Section 13
  The center shall develop a comprehensive, internet-based life sciences sector database for the organization of all relevant information, as determined by the center, related to...
• Massachusetts General Laws - Exercise of powers as essential government functions; taxation; property owned by the center - Chapter 23I, Section 14
  (a) The exercise of the powers granted by this chapter shall be for the benefit of the people of the commonwealth and for the improvement...
• Massachusetts General Laws - Annual report - Chapter 23I, Section 15
  The center shall annually complete a detailed report setting forth its operations and accomplishments; its receipts and expenditures during such fiscal year; its assets and...
• Massachusetts General Laws - Audit of books and records - Chapter 23I, Section 16
  The books and records of the center shall be subject to a biennial audit by the auditor of the commonwealth.
• Massachusetts General Laws - Retirement programs; election to participate; contribution - Chapter 23I, Section 17
  (1)(a) Notwithstanding the provisions of chapter 32, or of any general or special law to the contrary, the center shall establish 1 or more optional...
• Massachusetts General Laws - Applicability of other laws to the center - Chapter 23I, Section 18
  The center shall be subject to section 16G of chapter 6A and section 56 of chapter 23A.

Last modified: September 11, 2015