General Laws of Massachusetts - Chapter 23L Local Infrastructure Development Program
- Massachusetts General Laws - Definitions - Chapter 23L, Section 1
As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings: “Agency”, the Massachusetts Development Finance Agency...
- Massachusetts General Laws - Establishment of development zones; petition - Chapter 23L, Section 2
(a) Notwithstanding any general or special law or charter provision to the contrary, a municipality, acting through its municipal governing body, may establish development zones...
- Massachusetts General Laws - Public hearing on petition; recommendations; vote; rights and powers of public facilities’ owner - Chapter 23L, Section 3
(a) Upon receipt of a petition under section 2, the municipal governing body shall, within 120 days of such receipt, hold a public hearing on...
- Massachusetts General Laws - Infrastructure assessments - Chapter 23L, Section 4
(a) Consistent with the improvement plan, the assessing party may fix, revise, charge, collect and abate infrastructure assessments, for the cost, maintenance, operation and administration...
- Massachusetts General Laws - Borrowing money and issuance of bonds to finance improvements - Chapter 23L, Section 5
(a) In addition to the powers granted under chapters 23G and 40D, the agency may borrow money and issue and secure its bonds for financing...
- Massachusetts General Laws - Tax exemption for bonds or notes issued by agency - Chapter 23L, Section 6
Bonds or notes issued by the agency and their transfer and their interest or income, including any profit on the sale thereof, and the improvements...
- Massachusetts General Laws - Applicability of chapter 40Q requirements to bonds issued by agency - Chapter 23L, Section 7
For purposes of this chapter, the agency may issue bonds secured by infrastructure assessments under and according to the terms of chapter 40Q. With the...
- Massachusetts General Laws - Agreements for benefit of bond holders - Chapter 23L, Section 8
The agency may make representations and agreements for the benefit of the holders of the agency’s bonds and notes or other obligations to provide secondary...
- Massachusetts General Laws - Collection of infrastructure assessments by collector-treasurer of municipality; disbursement of revenues - Chapter 23L, Section 9
The collector-treasurer of each municipality, at the option of the municipality and the agency, may collect any infrastructure assessments, including any recording fees, on behalf...
- Massachusetts General Laws - Applicability - Chapter 23L, Section 10
(a) If any provision of this chapter is inconsistent with any general or special law, administrative order or regulation or any resolution or ordinance of...
Last modified: September 11, 2015