General Laws of Massachusetts - Chapter 44A Qualified Bond Act

• Massachusetts General Laws - Definitions - Chapter 44A, Section 1
  For the purposes of this chapter, unless the context otherwise requires, the following words shall have the following meanings:— “Commissioner”, the commissioner of revenue. “Debt...
• Massachusetts General Laws - Application to qualify bonds; investigation; costs - Chapter 44A, Section 2
  Whenever a city, town or regional school district votes, in accordance with law, to incur debt and to issue bonds for any purpose or purposes...
• Massachusetts General Laws - Resolution of board to authorize qualified bonds; release - Chapter 44A, Section 3
  If the investigation determines to the satisfaction of the board that such city, town or regional school district should be entitled to issue qualified bonds,...
• Massachusetts General Laws - Authorization to issue bonds; time for adoption of resolution - Chapter 44A, Section 4
  Within sixty days after the submission to it of an application under section two, the board shall authorize the issuance of qualified bonds, if it...
• Massachusetts General Laws - Recital of issuance pursuant to this act; maturity date - Chapter 44A, Section 5
  All qualified bonds when issued shall contain a recital to the effect that they are issued pursuant to the Qualified Bond Act and are entitled...
• Massachusetts General Laws - Temporary notes - Chapter 44A, Section 6
  Any city, town or regional school district which has been authorized by the board to issue qualified bonds may issue temporary notes in anticipation of...
• Massachusetts General Laws - Certification to state treasurer; payment of debt service; costs assessed - Chapter 44A, Section 7
  The treasurer of each city, town or regional school district which issues qualified bonds shall certify to the state treasurer the maturity schedule, interest rate,...
• Massachusetts General Laws - Covenant by commonwealth - Chapter 44A, Section 8
  The commonwealth hereby covenants with the purchasers, holders and owners, from time to time, of qualified bonds that it will not repeal, revoke, rescind, modify,...
• Massachusetts General Laws - Certification conclusive as to amount payable; estoppel - Chapter 44A, Section 9
  The certification to the state treasurer as to the amount payable in any year for debt service on such qualified bonds shall be fully conclusive...
• Massachusetts General Laws - Obligation to appropriate or levy taxes to pay bonds when due; rules and regulations - Chapter 44A, Section 10
  Nothing in this chapter shall be construed to relieve any city or town of the obligation imposed on it by law to appropriate and to...
• Massachusetts General Laws - Bonds for construction, etc. of property - Chapter 44A, Section 11
  The provisions of this chapter shall not be construed to prohibit any city, town or regional school district from applying for authorization to issue qualified...
• Massachusetts General Laws - Covenants contained in proceedings authorizing issuance of bonds - Chapter 44A, Section 11A
  The proceedings of the city or town authorizing the issuance of qualified bonds may contain such covenants and provisions for protecting and enforcing the rights...
• Massachusetts General Laws - Commonwealth not to act as pledge or surety - Chapter 44A, Section 12
  Nothing in this chapter shall be construed to pledge the credit and assets of the commonwealth to the support of bonds issued pursuant to this...

Last modified: September 11, 2015