reglab/housing_qa huggingface dataset:
MA Gen L ch 29 § 38c (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 38c - Investments; Bonds or Notes; Contracts; Powers of State Treasurer; Payments to Constitute General Obligations

Section 38C. In connection with or incidental to the acquisition or carrying of any investment or program of investment or carrying of bonds or notes, the state treasurer, after consultation with the state finance and governance board established under section 97 of chapter 6, may enter into such contracts as the state treasurer may determine to be necessary or appropriate to place the investment or obligation of the commonwealth, as represented by the bonds or notes, investment or program of investment and the contract or contracts, in whole or in part, on such interest rate or cash flow basis as the treasurer may desire, including without limitation interest rate swap agreements, insurance agreements, forward payment conversion agreements, futures, contracts, contracts providing for payments based on levels of, or changes in, interest rates or stock or other indices, contracts to exchange cash flows or a series of payments and contracts to hedge payment, rate, spread or similar exposure, including without limitation interest rate floors or caps, options, puts and calls. Such contracts shall contain such payment, security, default, remedy and other terms and conditions as the state treasurer, after consultation with the finance advisory board, may deem appropriate and shall be entered into with such party or parties as the state treasurer, after consultation with the finance advisory board, may select, after giving due consideration, where applicable, for the creditworthiness of the counterparty or counterparties, including any rating by a nationally recognized rating agency or any other criteria as may be appropriate. Scheduled, periodic payments to be made by the commonwealth under any such contract in existence on August 1, 2008 or any such contract related to bonds or notes of the commonwealth which shall be entered into by the state treasurer after August 1, 2008 shall constitute general obligations of the commonwealth to which the full faith and credit of the commonwealth shall have been pledged. The state treasurer may expend amounts received under this section without further appropriation to make payments under this section or to pay debt service on debt obligations of the commonwealth, including, without limitation, by funding escrow accounts for the payment of such debt service.
MA Gen L ch 29 § 39 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 39 - Bonds, etc., Held by Commonwealth; Exchanges

Section 39. When the commonwealth holds any bond, note or certificate of indebtedness payable to bearer and issued by a county, city, town or district or any domestic corporation, such county, city, town, district or corporation shall, at the request of the state treasurer, issue in exchange therefor a bond, note or certificate of the same effect, payable to the commonwealth by name. The commonwealth shall pay the expense involved in making such exchange. Any county, city, town, district or corporation neglecting or refusing to comply with this section shall be punished by a fine of not more than $50.
MA Gen L ch 29 § 40 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 40 - Trust Deposits With State; Form; Investment

Section 40. No deposit required to be made by any corporation in trust with the state treasurer, or any part thereof, shall consist of a mortgage upon real estate or of a loan upon personal notes or of notes secured by collateral. The state treasurer may receive, as a part of such deposit, money or certificates of deposit, or certified checks on any approved state depositary, and may hold the same without interest until it may reasonably be invested in a proper legal security.
MA Gen L ch 29 § 41 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 41 - Bonds, etc., of Commonwealth; Custody

Section 41. The state treasurer shall have the custody and keep a separate account of all notes, bonds and mortgages belonging to the commonwealth, and shall receive all money accruing therefrom. All deeds and instruments conveying real estate to the commonwealth shall, when recorded, be deposited with and safely kept by the state treasurer. Such records shall not include those pertaining to real property acquired for the use of state agencies, under sections 32, 33 and 39 of chapter 7C.
MA Gen L ch 29 § 44 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 44 - Unappropriated Income

Section 44. The income or any surplus of funds belonging to or in the custody of the commonwealth shall, unless otherwise provided, be added to the principal.
MA Gen L ch 29 § 45 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 45 - Securities Purchased for Sinking Funds

Section 45. No securities shall hereafter be purchased for any sinking fund which do not mature on or prior to the maturity date of the indebtedness on account of which said sinking fund was established.
MA Gen L ch 29 § 46 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 46 - Transfer of Securities From One Fund to Another

Section 46. The state treasurer, instead of selling any securities, belonging to any fund over which the commonwealth has exclusive control, to meet maturing liabilities, may transfer them to any other such fund upon terms and conditions approved by the governor and council.
MA Gen L ch 29 § 47 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 47 - Borrowing in Anticipation of Receipts; Use of Notes to Pay Taxes of Bearer

Section 47. The state treasurer may borrow at any time during the fiscal year, in anticipation of the receipts for that year, such sums of money as may be necessary for the payment of ordinary demands on the treasury, and other legal obligations, including guaranties, of the commonwealth, and may issue notes therefor. Money so borrowed and notes so issued may be at such rates of interest as shall be found necessary. The state treasurer shall repay any sums borrowed under this section as soon after said receipts are paid as is expedient, but in any event before the close of the fiscal year in which the same were borrowed.  Notes issued under this section may bear on their face a statement that if principal and interest thereon are not paid when due said notes will be accepted thereafter at face value plus accrued interest to the date of such acceptance as payment to that extent of taxes owed by the bearer to the commonwealth under chapters 62, 62B, 63, or 63B. Notes bearing such legend shall be accepted in payment of such taxes, including penalty and interest thereon, at face value plus accrued interest by all persons responsible for collecting taxes but shall otherwise be payable under their terms as provided in the first paragraph of this section.
MA Gen L ch 29 § 48 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 48 - Signatures on Bonds and Notes

Section 48. Bonds issued by the commonwealth shall be signed by the state treasurer or a deputy treasurer and approved by the governor. Notes issued by the commonwealth shall be signed by the state treasurer or a deputy treasurer, approved by the governor, and countersigned by the comptroller or a deputy comptroller or an assistant to the comptroller.
MA Gen L ch 29 § 48a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 48a - Facsimile Signatures, Bonds, Notes, Interest Coupons; Signatures of Former Officers

Section 48A. Facsimiles of the signature of the governor on original issues or transfers of bonds or notes of the commonwealth shall have the same validity and effect as the governor's written signature, and facsimiles of the seal of the commonwealth may be used on bonds and notes of the commonwealth and shall have the same validity and effect as though said seal were impressed thereon. Interest coupons, if any, attached to any bond or note of the commonwealth may bear the facsimile signature of the state treasurer. If any officer whose signature or a facsimile of whose signature appears on any notes, bonds or coupons shall cease to be such officer before the delivery of, and receipt of proceeds from the borrowing evidenced by, such notes or bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes as if such officer had remained in office until such delivery and receipt of proceeds.
MA Gen L ch 29 § 48b (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 48b - Bonds and Notes; Official Statements; Advertising; Collateral Tax Consequences to Social Security Recipients

Section 48B. Any official statement prepared in connection with the sale of any bonds or notes of the commonwealth and all advertising of such bonds and notes, the interest on which is excludable from gross income for federal income tax purposes under section 103 of the Internal Revenue Code (26 USC 103), shall include a reference to the collateral tax consequences which may result under section 86 of said Code (26 USC 86) to the holders of such bonds or notes who are recipients of social security benefits.
MA Gen L ch 29 § 49a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 49a - Minibonds; Issuance and Sale; Limitations; Regulations

Section 49A. Notwithstanding any other general or special law to the contrary, whenever the state treasurer is authorized to issue and sell bonds of the commonwealth and the state treasurer determines to issue and sell all or a portion of such bonds in denominations of less than $5,000 (minibonds), the state treasurer may issue and sell such minibonds at public or private sale, maturing in such amounts and upon such dates, at such interest rate or rates, payable at such time and in such manner, at par or at discount, in bearer or registered form, and upon such other terms and conditions, all as the state treasurer shall determine to be in the best interests of the commonwealth; provided that (1) not more than $50,000,000 principal amount of minibonds shall be sold by the state treasurer in any 1 fiscal year; (2) no minibond shall mature more than 5 years after its date; (3) no 1 sale to a purchaser of minibonds shall be in an aggregate principal amount equal to or greater than $5,000; and (4) each minibond. shall provide that it shall be redeemed by the commonwealth upon due presentation by an appropriate person on any business day after 1 year from its date of sale by the state treasurer at such price as the state treasurer shall determine according to a schedule established with respect to each issue of minibonds prior to the sale thereof. The state treasurer may adopt regulations with respect to the issuance and sale of minibonds. A facsimile of the signature of the state treasurer on minibonds shall have the same validity and effect as the state treasurer's written signature. Sections 45, 49, and 53 of this chapter shall not apply to the issuance of minibonds.
MA Gen L ch 29 § 49b (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 49b - Insurance or Credit Line Security for Bonds and Notes; Agreements With Brokers

Section 49B. In addition to any other security provided by laws, bonds and notes of the commonwealth may, in the discretion of the state treasurer, be secured or supported, in whole or in part, by insurance or by lines or letters of credit or other credit or liquidity facilities provided by any bank, trust company or other financial institution.  The state treasurer may enter into agreements with brokers for the placement of any such commonwealth notes issued as commercial paper.
MA Gen L ch 29 § 50 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 50 - Serial and Sinking Fund Payments; Certification

Section 50. The state treasurer shall annually in December certify to the budget director the amount necessary to provide for serial and sinking fund payments with respect to any bonds or notes of the commonwealth for the fiscal year beginning on July 1 following.
MA Gen L ch 29 § 53 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 53 - Notes or Bonds Maturing Later Than Three Years After Issuance; Requirements for Inviting Purchase Proposals; Waiver

Section 53. Whenever there is to be an issue of bonds or notes of the commonwealth maturing at a time later than 3 years from their dates, excepting such bonds or notes as are to be issued for the investment of cash in any of the sinking or other established funds of the commonwealth, the state treasurer shall solicit bids for the purchase thereof, and shall provide reasonable notice to the public of such solicitations. The state treasurer may reserve the right to reject any or all bids. If no bid is accepted, the whole or any part of the loan may be awarded to any person. Compliance with this section may be waived with respect to an issue of bonds or notes upon the approval of the state finance and governance board established under section 97 of chapter 6.
MA Gen L ch 29 § 54 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 54 - Deposits or Other Security for Proposals by Bidders

Section 54. The state treasurer may require each bidder submitting a proposal under section 53, as a condition precedent to the consideration of such bidder's proposal, to submit a good faith deposit or otherwise secure such bidder's proposal, in such manner and amount as the state treasurer shall determine to be appropriate.
MA Gen L ch 29 § 55 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 55 - Sale of Bonds, etc.; Expenditures

Section 55. The state treasurer may annually expend such sums as the general court shall appropriate for the purpose of providing for and advertising sales of bonds for the direct debt of the commonwealth and for the purpose of preparing and paying for bond books necessary for such sales.
MA Gen L ch 29 § 56 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 56 - Transfers of Reverted Funds; Sales of Bonds or Other Securities

Section 56. Funds from a sale of specific bonds or other securities which have reverted at the close of a fiscal year, under the act authorizing the expenditures to be financed by the sale of said bonds or other securities, or under section 14 shall first be transferred in the succeeding fiscal year or years on the books of account of the commonwealth, without appropriation, to the fund which is liable for the maturities on said bonds or other securities but only in such amount as is necessary to meet the specific bonds or other securities matured and paid from said fund, if any, in a fiscal year. When such transfers are no longer required to meet such maturities any balance of said funds remaining, after setting aside a sufficient amount to cover any such bonds or other securities which have matured but have not been presented for payment, shall be transferred, without appropriation, on the books of account of the commonwealth to the fund from which said bonds or other securities were paid.
MA Gen L ch 29 § 58 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 58 - Registered Bonds Exchanged for Coupon Bonds or Defaced Bonds

Section 58. The state treasurer may, upon terms and regulations prescribed by the governor and council, issue, in denominations of not less than $1,000, registered bonds in exchange for any coupon bonds of the commonwealth, which, with the exception of the coupons, shall be in conformity with the laws authorizing the issue of such coupon bonds. The state treasurer shall mutilate and retain the bonds so received in exchange. The comptroller shall certify such registered bonds; and the comptroller and the state treasurer shall each keep a register of their dates, numbers and amounts, the names of the persons to whom they were issued, when they are payable and for what bonds they were issued in exchange. The state treasurer may also, upon the same terms and regulations, issue in substitution for mutilated, defaced or endorsed bonds presented to the state treasurer other bonds of like or equivalent issues.
MA Gen L ch 29 § 59 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 59 - Lost or Destroyed Interest-Bearing Bonds; Duplicates

Section 59. If it appears to the governor and council that any interest-bearing bond of the commonwealth identified by number and description has, without bad faith upon the part of the owner, been lost or destroyed, wholly or in part, they shall, under regulations and with restrictions as to time and retention for security or otherwise prescribed by them, order the state treasurer to issue a registered duplicate of such bond, payable at the same time, bearing the same rate of interest as the bond lost or destroyed, and so marked as to show the number and date of the original bond. If such bond was of a class or series which has been called in for redemption before the application for a reissue, it shall be paid, with such interest only as would have been paid if the bond had been presented under such call.
MA Gen L ch 29 § 60 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 60 - Lost or Destroyed Interest-Bearing Bonds; Owner's Indemnity Bonds

Section 60. The owner of such bond shall surrender so much thereof as may remain, if any, and shall give to the state treasurer a bond in double the amount of said lost or destroyed bond and of the interest which would accrue until the principal is due and payable, with a sufficient surety, a resident of the commonwealth, approved by the governor and council, conditioned to indemnify and save harmless the commonwealth from any claim on account of said lost or destroyed bond.
MA Gen L ch 29 § 60a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 60a - General Obligations of the Commonwealth, Full Faith and Credit; Negotiable Instruments; Direct Debt Limit

Section 60A. Unless otherwise specifically provided, provisions contained in any act heretofore or hereafter enacted by a vote, taken by the yeas and nays of 2/3 of each house of the general court present and voting thereon, and approved by the governor, authorizing the state treasurer to issue and sell bonds or notes of the commonwealth or authorizing the commonwealth to borrow money requiring that the principal of and interest on such bonds or notes shall be (i) paid by or from a particular fund or funds of the commonwealth now existing or hereafter created, (ii) part of the debt and expenses of a particular district, or (iii) assessed by particular methods, or other provisions or words of similar import, shall not affect the status of such bonds and notes as general obligations of the commonwealth to which the full faith and credit of the commonwealth is pledged for the payment of principal and interest when due. All bonds and notes executed under this chapter shall be deemed to be general obligations of the commonwealth to which its full faith and credit is pledged for the payment of principal and interest when due, unless specifically provided on the face of such bond or note to the contrary. All bonds or notes of the commonwealth executed under this chapter shall have all of the qualities and incidents of negotiable instruments under the Uniform Commercial Code.  There is hereby established a direct debt limit for the commonwealth which shall apply to any direct bonds issued whose issuance would cause the sum of the principal amounts of all direct bonds issued by the commonwealth and then outstanding to exceed the limit set in this section; provided, however, that bonds for the payment or redemption of which, either at or prior to maturity, refunding bonds shall have been issued, shall be excluded in the computation of outstanding bonds; and provided, further, that for purposes of this section, the principal amount of bonds issued and outstanding shall be used in the computation of outstanding bonds. For the fiscal year starting July 1, 2011, such limit shall be $17,070,000,000. For each subsequent fiscal year, the limit shall be the product of the limit established for the previous fiscal year and 1.05. The calculation described in this paragraph shall be announced by the treasurer not later than September 30 of any year. The preceding paragraph shall not apply to direct bonds in excess of the direct debt limit. The treasurer may issue regulations enforcing this paragraph. Under no circumstances shall this paragraph be interpreted to impair any bond covenants or other guarantees to bond holders relative to any such bonds or notes issued prior to July 1, 1990.
MA Gen L ch 29 § 61 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title III - Laws Relating to State Officers|Chapter 29 - State Finance|Section 61 - Claims for Materials or Labor Against Commonwealth; Oath of Claimants

Section 61. The comptroller or any other person authorized to approve claims for materials, supplies or other articles furnished to, or for service or labor performed for, the commonwealth, may, before approving any such claim, require the claimant to certify on oath that all the articles have been furnished, for which the claim has been made, or that the service or labor has been performed, and that no commission, discount, bonus, present or reward of any kind has been received or promised or is expected on account of the same.