General Laws of Massachusetts - Chapter 40H Community Economic Development Assistance Corporation

• Massachusetts General Laws - Public purpose - Chapter 40H, Section 1
  The general court finds and declares that: (a) the commonwealth has already designated certain chronically depressed areas, and may hereafter designate other such areas, as...
• Massachusetts General Laws - Definitions - Chapter 40H, Section 2
  The following terms as used in this chapter shall have the following meanings, except when the context clearly indicates otherwise:— “Affordable housing”, a dwelling unit:...
• Massachusetts General Laws - Certification and recertification of organizations as community development corporations; annual report - Chapter 40H, Section 2A
  (a) The director of housing and community development shall establish and maintain a list of organizations that have been certified as CDCs consistent with this...
• Massachusetts General Laws - Creation; public instrumentality; board of directors; officers and employees - Chapter 40H, Section 3
  (a) There is hereby created a body politic and corporate, to be known as the Community Economic Development Assistance Corporation or CEDAC. CEDAC is hereby...
• Massachusetts General Laws - Powers - Chapter 40H, Section 4
  CEDAC shall have the following powers: (a) to make, amend and repeal bylaws, rules and regulations for the management of its affairs; (b) to adopt...
• Massachusetts General Laws - Technical and financial assistance; eligible organizations; standards; preference to certain projects - Chapter 40H, Section 5
  CEDAC may, subject to appropriation by the general court or funds made available from any other public or private source and pursuant to rules and...
• Massachusetts General Laws - Report of activities - Chapter 40H, Section 6
  CEDAC shall annually submit a complete and detailed report of the corporation’s activities within ninety days after the end of the fiscal year to the...
• Massachusetts General Laws - Audit of books and records - Chapter 40H, Section 7
  The books and records of the CEDAC shall be subject to a biennial audit by the auditor of the commonwealth.
• Massachusetts General Laws - Construction of chapter - Chapter 40H, Section 8
  The provisions of this chapter being necessary for the welfare of the commonwealth and its inhabitants, shall be liberally construed to effect its purposes.
• Massachusetts General Laws - Application of other laws to the community economic development assistance corporation - Chapter 40H, Section 9
  CEDAC shall be subject to section 16G of chapter 6A and section 56 of chapter 23A.

Last modified: September 11, 2015