reglab/statecodes huggingface dataset:
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 5 - Industrial Accident Reviewing Board; Members; Appointment; Terms; Review; Salaries

Section 5. There shall be within the division of dispute resolution an industrial accident reviewing board, in this chapter and in chapter one hundred and fifty-two called the reviewing board which shall consist of six members, not more than three of whom shall be a member of one political party. Any member appointed to the reviewing board shall be an attorney admitted to the Massachusetts bar or be a current or past member of the industrial accident board or the reviewing board at the time of such appointment. Members of the reviewing board shall be administrative law judges appointed by the governor with the advice and consent of the council, for six year terms. The initial appointment of all members shall be for a term of 6 years; subsequent reappointments of sitting members shall be for an additional term of 6 years which shall commence on the date of expiration of the initial or subsequent term. The appointment or reappointment of members shall be made by the governor with the advice and consent of the council. Nominees shall be submitted to the governor from a nominating panel under procedures to be established by the governor. Prior to the expiration of the term of office of a member, the conduct of said member shall be reviewed by such nominating panel, which shall recommend whether said member shall be retained in office. Such review shall include a report from the commissioner.
Notwithstanding any general or special law to the contrary, a newly appointed member who has never previously served on the reviewing board, shall be reviewed for performance by the senior judge during his initial term between the twenty-first and the twenty-fourth month of the term. The performance review shall be subject to criteria established by the senior judge. If the performance review supports continuation of the term, said administrative law judge shall continue to serve the remainder of the appointed term. If the performance review recommends against a continuation of the appointed term, the performance review shall be submitted to the governor for appropriate action pursuant to section 8.
Notwithstanding any provision of chapter thirty to the contrary, the members of the reviewing board shall be placed in Job Group M–X, as set forth in section forty-six C of said chapter thirty. Reviewing board members shall devote their full time during ordinary business hours to the duties of their office and shall not engage in any other employment or business activities during such hours.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 7 - Recall of Former Board Members

Section 7. If the workload of the board so requires, the governor with the advice and consent of the council, may, upon request of the commissioner, recall any former member of the board to sit as a member in any conference or hearing conducted under the provisions of chapter one hundred and fifty-two. Such former member when recalled, shall be assigned to such proceedings as the commissioner shall determine, and when so recalled and assigned he shall have all the powers and duties of a member of the board. The period for which a former member may be recalled shall not exceed one year, but the governor may, upon the request of the commissioner and the advice and consent of the council, recall said member for successive one year periods. No former member of the board shall represent any person before the board during the period for which he has been recalled as a member or decide cases in which he had an interest or involvement during his absence from the board. A former member so recalled shall be paid by the commonwealth in addition to any pension or retirement allowance received by him, the amount by which the regular salary of a member of the board exceeds such pension or retirement allowance which he is entitled to receive for the period.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 8 - Removal of Members of Board or Reviewing Board

Section 8. The commissioner and the senior judge shall have authority to initiate proceedings for the removal of a board or reviewing board member when the commissioner and the senior judge are of the opinion that such member has been guilty of misconduct, material neglect of duty, inability to perform the duties required of a member, or incompetence in the conduct of office. Upon recommendation of the commissioner and the senior judge, the governor shall commence an investigation of such member's record and practices, and shall require the commissioner and senior judge to provide any performance evaluations of such member made under the provisions of section nine along with any supporting documentation. Upon completion of his investigation, the governor may, with the advice and consent of the council, remove such member for misconduct, material neglect of duty, inability to perform the duties required of a member or incompetence in the conduct of his office.
The senior judge, board members and reviewing board members in the performance of their official duties shall be subject to the Model Code of Judicial Conduct for State Administrative Law Judges as promulgated by the American Bar Association. A complaint alleging grounds for removal under this section or alleging a violation of the code of judicial conduct may be initiated by a person affected by the exercise of official duties by the member. The commissioner shall establish a procedure for the fair disposition of the complaint, and may recommend appropriate action by the governor with respect thereto.
The members shall be provided with a written statement of the grounds for removal and a summary of the investigation by the governor. Removal procedures shall afford confidentiality, subject to considerations of due process and the provisions of section ten of chapter sixty-six. Any member so removed shall have the right to appeal his removal to the superior court department of the trial court.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 10 - Office of Legal Counsel

Section 10. There shall be within the department an office of legal counsel under the direction of a general counsel who shall report to the commissioner. The office shall be responsible for the investigation, defense and claims handling for claims against the Workers' Compensation Trust Fund, and for any other duties the commissioner may assign.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 11 - Fraud Investigations; Right to Request and Receive Information

Section 11. For the purpose of investigating fraud and collecting data regarding workplace injuries, the department shall have the right to request and receive information from the department of revenue, the department of unemployment assistance, and the department of career services, the registry of motor vehicles, the department of welfare, the insurance fraud bureau of Massachusetts, the workers' compensation rating and inspection bureau, and individual insurers, self-insurers and self-insurance groups and shall forward information regarding fraudulent activities to these entities. Such information shall be provided within thirty days unless otherwise authorized by the commissioner. The division of administration shall document evidence of any fraudulent activity and promptly refer such documentation to the office of the attorney general.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 14 - Regional Offices

Section 14. The commissioner shall establish four permanent regional offices, and shall appoint at least one management level employee as supervisor of each such office, and such other officers, clerks, and assistants as are necessary for the discharge of duties in connection with such offices.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23e - Division of Industrial Accidents › Section 16 - Advisory Council Personnel; Expenses

Section 16. The advisory council shall appoint such personnel as are necessary for the proper discharge of its duties, subject to the approval of the secretary of labor and workforce development. The staff of the advisory council shall be funded from monies collected for the special revenue fund in accordance with the provisions of section sixty-five of said chapter one hundred and fifty-two. The advisory council may expend for personnel and office expenses funds appropriated to the department for that purpose.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 6 - Massachusetts Export Development Fund

Section 6. (a) There is hereby established within the Agency the Massachusetts Export Development Fund, referred to in this section and section 7 as the fund and which shall be the successor to the Massachusetts Export Finance Fund. Said Massachusetts Export Development Fund shall receive state, federal, and private monies and the return from investment generated thereby, and allocate the same for the purposes of the export finance program. Said fund shall consist of a separate account or accounts segregated from other Agency funds and to which shall be credited any state appropriation or funding from any other source, public or private, which may be made available to the fund.
Notwithstanding the provisions of any general or special law to the contrary, the Agency shall utilize the fund, and be empowered to so utilize the fund, as provided in section 7.
(b) The liabilities or obligations of the Agency for any insurance, co-insurance or loan guarantees made pursuant to the Massachusetts export finance program, shall not extend beyond the funds which are allocated and deposited in the fund and shall not constitute a debt or pledge of the faith and credit of the commonwealth or of any subdivision thereof.
(c) Those monies which are deposited in the fund, pending allocation as provided in this section, may be invested in securities issued by the Treasury of the United States government or the government of the commonwealth. Returns from such investments shall be deposited in the fund and shall be used to support loan guarantees, insurance, and co-insurance as provided in section 7 and to defray the administrative and operational costs of the Massachusetts export finance program.
(d) The monies in the fund shall be paid out by the treasurer of the Agency in furtherance of the purposes of this section and section 7.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 9 - Investment in Bonds by Public Officers, Public Bodies, Insurance or Banking Institutions

Section 9. The bonds of the Agency and any loan or extension of credit which is the subject of insurance or reinsurance or an insurance or reinsurance commitment pursuant to sections 4 and 5, shall be legal investments in which all public officers and public bodies of the commonwealth, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, banking associations, trust companies, savings banks and savings associations, including cooperative banks, building and loan associations, investment companies and other persons carrying on a banking business, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the commonwealth, may properly and legally invest funds, including capital, in their control, or belonging to them. The bonds and any loan or extension of credit which is the subject of insurance or reinsurance or an insurance or reinsurance commitment pursuant to said sections 4 and 5 are also hereby made securities which may properly and legally be deposited with and received by all public officers and bodies of the commonwealth or any Agency or political subdivisions thereof and all municipalities and public corporations for any purpose for which the deposit of bonds or other obligations of the commonwealth is now or may hereafter be authorized by law.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 11 - Marine Seafood Processing Revolving Loan Fund; Separate Accounts

Section 11. The Marine Seafood Processing Revolving Loan Fund established under the provisions of section 38A of chapter 23A shall be under the control of the Massachusetts Development Finance Agency but shall consist of a separate account or accounts segregated from other Agency funds, to which shall be credited any appropriations made to the Agency for seafood processing industry purposes, together with such other accounts as may become available from any other source. The Agency may from time to time withdraw from the Marine Seafood Processing Loan Fund such amounts as may be necessary to provide funds for the administration of this section and sections 13 and 14. No funds shall be appropriated nor credited to the fund until the advisory council established pursuant to paragraph (a) of section 12, has filed an approved, recommended program with the clerks of the senate and the house of representatives and with the commissioner of administration.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 13 - Grant and Approval of Loans

Section 13. The board of directors of the Agency may, upon application by a marine seafood processor, grant a loan based upon its finding that it will contribute to the economic stimulation of the company, support the growth of the seafood industry as a whole, and is consistent with its public purpose.
Any seafood processor may make an application to the Agency in a form approved by the Agency which shall contain at least the following:
(1) a general description of the company, including but not limited to, a business plan, corporate history, last audited financial statement and an inventory of equipment owned or to be purchased;
(2) a general description of the number, type and class of employees employed or to be employed in the operation and the total of salary expenditures;
(3) a description of all real estate held or used in conjunction with the applicant's business, including leased facilities and a list of encumbrances thereon;
(4) evidence that the loan will enhance seafood production, and the efficient operation of the facility, and also increase or retain employment;
(5) such other financial information as the Agency shall deem necessary including personal financial information of the applicant and principals of the applicant.
The powers, rights and funds granted to the Agency in this section and in sections 11 and 12 shall in no way derogate or diminish any other power or right of the Agency granted elsewhere, including without limitation, the Agency's power to make loans consistent with this chapter to seafood processors with funds other than those contained in the Marine Seafood Processing Loan Fund.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 14 - Acquisition of Lands

Section 14. Whenever the United States shall give notice that any lands, or any interest therein, are available for disposal or make advertisement for bids with respect to such lands, or such interest, the Agency as successor to the Massachusetts government land bank, may take whatever steps are required by federal law or regulations to acquire such lands, or such interest; provided, however, that the Agency shall, within one year from such notice or such advertisement, make no offer or bid to acquire such lands in competition with that of any municipality or municipalities, or any designee thereof, within which such land lies, unless such offer or bid is necessary, in the judgment of the Agency, to prevent acquisition of such lands, or such interest, other than by such municipality or municipalities, or any designee thereof, or the Agency. Upon the recording of a deed conveying to the Agency all of the interest of the United States of America in and to any lands included within the United States Navy Yard, Boston, Massachusetts, title to which was granted by the commonwealth to the United States of America by and pursuant to chapter 535 of the acts of 1941, all right, title and interest of the commonwealth in and to any such lands shall pass to the Agency.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 15 - Conveyance of Land to Agency or Boston Redevelopment Authority

Section 15. Notwithstanding any provision of general or special law to the contrary, upon the recording in the Suffolk county registry of deeds of a deed or deeds from the United States of America conveying to the Agency or to the Boston Redevelopment Authority as grantee all or any portion of the premises within the United States Navy Yard, Charlestown section of Boston, Massachusetts, now owned in part by the United States of America and in part by the Boston Redevelopment Authority, bounded northwesterly by Little Mystic Channel, easterly and southeasterly by the main channel of Boston Inner Harbor, southwesterly by the Charles River and northwesterly by the lands of others: (a) it shall be deemed conclusively that jurisdiction to said premises vested in the United States of America in accordance with the terms of any special acts whereby the commonwealth ceded jurisdiction to said premises to said United States and, further, that said United States has complied with all conditions imposed by such acts; (b) all right, title and interest of the commonwealth in and to any such premises shall pass to and vest in the grantee, establishing fee simple absolute title in the grantee, all without further evidence of conveyance by the commonwealth and all interests of the commonwealth are hereby ratified and confirmed in the respective grantees of any such deed or deeds of all or any portion of these premises so recorded prior to the enactment hereof; and (c) all licenses and authority to place fill, to maintain existing fill, to build and maintain bulkheads, to drive piles, to build, extend and widen wharves, piers and other structures on piles or on other support structures or to construct other structures heretofore or hereafter granted under the applicable provisions of chapter 91 of the General Laws and all actions of the United States of America taken in respect to placing and maintaining fill or building and maintaining bulkheads, piles, wharves, piers or other structures completed prior to the date of enactment hereof, whether or not so placed, built or maintained in accordance with the applicable provisions of any general or special act, deed, grant or other instrument authorizing or conveying the same and whether or not so placed, built or maintained in accordance with any plans that may have been filed or required to be filed with the commonwealth or any Agency or political subdivision thereof, all with respect to said premises, shall be irrevocable and ratified and confirmed in place, the commonwealth hereby waiving any right or claim of action it might have for the recovery of said land or any interest therein below high water mark to or in such fill or appurtenant structures or to restrict the use of same.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 16a - Designations; Walking Track; Tennis Courts

Section 16A. The department of environmental management shall designate the walking track located at the Quinsigamond state park in the city of Worcester as the, ''State Representative Andrew Collaro walking track''; provided, however, that the tennis courts located in said state park shall be designated as the ''Senator Daniel J. Foley tennis courts''.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 16b - Borrowing of Money

Section 16B. Notwithstanding the provisions of any general or special law to the contrary, North Shore Community College, with the approval of the board of higher education, may borrow an amount not to exceed $12,000,000 through the Massachusetts Health and Educational Facilities Authority or any other authorized funding source.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 16c - Taking of Land by Eminent Domain

Section 16C. The department of fisheries, wildlife and environmental law enforcement may take by eminent domain under chapter 79 of the General Laws for endangered species habitat and open space protection purposes a portion of the registered and unregistered land in Dennis, Barnstable county, Massachusetts, taken by the Dennis Water District, a body politic, for water well protection purposes described in an Order of Taking dated May 6, 1996 and recorded in the Barnstable county registry of deeds in book 10191 at page 272 and registered as document numbered 665160, which portion to be taken by the department shall be shown on a plan of land to be prepared by said department.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 17 - Disposition of Lands; Valuation

Section 17. Any disposition of lands, or an interest therein, which were acquired by the Agency pursuant to section 16 may be made in such manner whether by sale, lease, or otherwise, by parcels which are the same as or different from those by which they were acquired or taken possession of by the Agency, and for such price, rental or other consideration payable over such term, and bearing interest as to deferred payments and secured in such manner, by mortgage or otherwise, all as the Agency may determine to be desirable and consistent with any applicable provisions of any applicable redevelopment or incubator development plan.
Prior to the disposition of state surplus lands or an interest therein which were acquired by the Agency pursuant to section 16 to a natural person or entity, the Agency shall undertake an independent determination of the value of such lands through procedures customarily accepted by the appraising profession as valid for determining property value. If such disposition is for consideration which is less than such value, the Agency shall, prior to such disposition, disclose in the central register published by the secretary of state the difference between the value of such parcel and disposition price of such parcel and by notice to the house and senate committees on ways and means.
The Agency may, in accordance with the provisions of section 2 of chapter 30A of the General Laws, adopt such rules and regulations as it may deem desirable for the exercise of its powers and the discharge of its duties as provided in this section.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 18 - Government Land Bank Fund

Section 18. There shall be established and set up on the books of the commonwealth a separate fund, to be known as the Government Land Bank Fund. There shall be credited to said fund the following:
(a) after deducting the administrative expenses of the Agency, all principal and interest received by the Agency under a mortgage made by the Agency's predecessor, the Massachusetts government land bank, financed by the proceeds of an industrial development bond or note as such term, or a successor term of comparable import, is defined by the Internal Revenue Code of 1954, issued by the commonwealth on behalf or for the purposes of one of the said Massachusetts government land bank.
(b) monies transferred from the reserves of the Agency pursuant to a vote of the board of directors of the Agency;
(c) all monies transferred pursuant to an authorization by the general court or by law.
Revenue credited to the Government Land Bank Fund shall be used for debt service on bonds and notes issued by the commonwealth on behalf of the Agency's predecessor, the Massachusetts government land bank, or upon appropriation by the general court.
The comptroller of the commonwealth shall quarterly file a report with the house and senate committees on ways and means and the secretary of administration and financing detailing the balance of the fund.
The proceeds of an industrial development bond as such a term, or a successor term of comparable import, is defined by the Internal Revenue Code of 1954 issued after September 1, 1982 by the Agency's predecessor, the Massachusetts government land bank, shall not be used to reduce any deficit existing in said fund.
The provisions of this section shall not apply to any bond issued by the Agency's predecessor, the Massachusetts Industrial Finance Agency nor to any bond issued by the Agency.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 18a - Liability for Payment of Bonds Issued Under Prior Act

Section 18A. The commonwealth shall remain liable for the payment of bonds issued under section 8A of chapter 212 of the acts of 1975, as amended, and for contract assistance obligations under section 8B of said chapter 212 in respect of bonds issued prior to the enactment of this act, each to the same extent as before the enactment of this act.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 19 - Grants; Financing Transactions; Approval of Applications

Section 19. The Agency may make grants and undertake financing transactions under the provisions of clause (29) of section 3 only upon the approval by the Agency of an application containing the following information:
(a) identification of the applicant;
(b) a description of the project including a financing plan;
(c) a description of how the Agency's interest will be secured; and
(d) a description of the public benefits to be derived from the project.
No such application shall be approved by the Agency unless the Agency finds that the transaction represented in such application provides for the capitalization or stabilization of a business that is or will be located in a small business incubator facility or for the acquisition, development, improvement, redevelopment, operation, maintenance or use of lands, in whole or in part, or the construction, rehabilitation, demolition or maintenance of the buildings thereon, or the acquisition, establishment, development, improvement, redevelopment, stabilization, management or operation of small business incubator facilities thereon, substantially for industrial, commercial or residential uses which will prevent or eliminate blight, economic dislocation, economic distress or unemployment, or for the construction, rehabilitation or maintenance upon such lands of decent, safe and sanitary housing, at least 25 per cent of which will be made available to persons of low and moderate income, or for such other public purposes as the Agency may determine are generally consistent with the provisions of this chapter; that such project is consistent with the sound needs of the locality as a whole, with particular regard to the prevention of blight, economic dislocation, economic distress or unemployment, or the alleviation of the shortage of such housing; that such project is financially sound; and that such project meets such other requirements as the Agency may by regulation establish.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 21 - Application Requirements for Incubator Development Plan, Loans or Grants

Section 21. In addition to other requirements contained in this chapter, each incubator development plan or loan, loan guarantee or grant application related to a small business incubator facility shall:
(i) make provision for a professional business manager or be accompanied by a contract between a professional management service and the incubator sponsor. Said business management contract shall include whenever possible but not be limited to the regional Small Business Development Centers established pursuant to 15 USC 648, if such assistance is provided without charge to said sponsors;
(ii) contain a needs analysis demonstrating a shortage of small units of industrial space for businesses in the service area of the proposed facility; and
(iii) adequately demonstrate the capacity of the recipient to make or administer loans or investments to capitalize businesses that are or will be served by said facility.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 22 - Application Approval; Requirements by Incubator Sponsor

Section 22. Before approving an application to a small business incubator facility, the incubator sponsor shall require that an applying business must show evidence of the following:
(1) the business applying for financial aid has a clearly developed business concept or prototype;
(2) the business has a reasonable chance of being commercially successful;
(3) the financial aid provided by the Agency shall be used to further commercialization of the business including, but not limited to, the further development of the business; the construction of a prototype, the development of a manufacturing process to produce, or to implement a marketing or distribution strategy for the product;
(4) financial aid by the Agency is necessary for the commercial development of the business because funding for such commercial development of the business is only available on terms that would substantially hinder its successful commercial development; and
(5) the employment created or maintained by commercial development and production of the business will be in the commonwealth.
The incubator sponsor shall only permit eligible businesses, including, without limitation small businesses located in existing small business incubator facilities, to be tenants in such incubator facility.
For the purposes of this section, the word ''business'' shall mean any individual, firm, corporation, partnership, trust or other legal entity, in the process of formation or starting as a new business, engaged in, but not limited to, the research, development and construction of a prototype, the development of a manufacturing process to produce the product or to implement a marketing or distribution strategy for the product, including a business located in an existing incubator facility or an existing business which demonstrates a significant diversification of its product line.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 23 - Incubator Facilities; Tenant Businesses; Time Limitation

Section 23. The incubator sponsor shall require tenant businesses to leave the incubator facility within five years. The incubator sponsor, upon determination by the governing board of the incubator facility, may allow a tenant business a limited extension of time beyond the five year period to remain in the incubator. The considerations shall include, but not be limited to, available space in the facility; the achievement of financial viability within the extension period; and the inadequacy or lack of affordable space, with good faith substantiation of an effort to secure reasonable relocation space.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 24 - Authorization to Borrow; Issuance of Bonds and Notes

Section 24. The state treasurer may borrow from time to time on the credit of the commonwealth such sums of money as may be necessary, but not exceeding, in the aggregate, the sum of $40,000,000, for the purposes of acquisition, holding, protection, maintenance, repair or use of lands or for provision of personnel and administrative cost of the Agency as provided by this chapter, and may issue and renew from time to time bonds or notes of the commonwealth therefor bearing interest at such times and at such rate as shall be fixed by the state treasurer. Such notes shall be issued and may be renewed one or more times for such terms, not exceeding one year, as the governor may recommend to the general court in accordance with Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth. All payments on account of principal on such notes shall be repaid from the Government Land Bank Fund; provided, however, that notwithstanding any provision of this chapter, such notes shall be general obligations of the commonwealth.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 25 - Issuance and Sale of Bonds

Section 25. To provide for the acquisition, holding, protection, maintenance or use of lands as provided by clause (29) of section 3, to provide for making loans, loan guarantees and grants provided by this chapter, to provide for personnel and administrative costs of the Agency, to provide for costs related to the Devens project, so-called, created by chapter 498 of the acts of 1993 and to refinance notes issued as provided in this chapter, the state treasurer shall, upon request of the governor, issue and sell bonds of the commonwealth in an amount not to exceed, in the aggregate, the sum of $170,000,000; provided, however, that $120,000,000 thereof shall be expended exclusively for costs related to said Devens project; and provided further, that not more than $15,000,000 may be expended for renovations to existing facilities within the Devens reserve force training area and at Westover Air Force Base for the use of marine and naval reserve units formerly assigned to South Weymouth naval air station.
All bonds issued by the commonwealth as aforesaid shall be designated on their face, Government Land Bank Fund Loan Act, and shall be term or serial bonds, shall bear such date or dates, and shall mature at such time or times not exceeding 30 years, from the date of issue, as the governor may recommend to the general court pursuant to Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth, the maturities thereof to be so arranged that the amounts payable in the several years of the period of amortization, other than the final year, shall be as nearly equal as in the opinion of the state treasurer it is practicable to make them. Said bonds shall bear interest semi-annually at such rate as the state treasurer, with the approval of the governor, shall fix.
All interest payments and payments on account of principal on such bonds shall be payable from the Government Land Bank Fund to the extent of the monies therein, provided, however, that notwithstanding any provision of this chapter, such bonds and the interest thereon shall be general obligations of the commonwealth.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 26 - Contract Assistance for Debt Service Obligations

Section 26. The state treasurer acting on behalf of the commonwealth shall enter into an agreement with the Agency providing that the commonwealth shall provide contract assistance for debt service obligations of the Agency derived from its predecessor, the government land bank, in the maximum amount of $6,000,000 per fiscal year of the commonwealth for a period of 12 such fiscal years; provided, however, that notwithstanding the foregoing, such agreement shall also provide that the commonwealth shall provide contract assistance necessary to defray debt service costs associated with up to $80,000,000 in principal amount of debt obligations of the Agency derived from its predecessor, the government land bank, issued pursuant to law for the purposes of the Devens project, so-called, created by chapter 498 of the acts of 1993. Such contract assistance agreement shall provide for the payment by the commonwealth of the debt service obligations of the Agency at such time during each such fiscal year and upon such terms and under such conditions as the Agency may stipulate. The Agency may pledge such agreement and the rights of the Agency to receive amounts thereunder as security for the payment of debt obligations issued by the Agency. Such agreement shall constitute a general obligation of the commonwealth for which the faith and credit of the commonwealth shall be pledged for the benefit of the Agency and of the holders of any debt obligations of the Agency which may be secured by a pledge of such agreement or of amounts to be received by the Agency under such agreement.
Amounts received by the Agency from debt obligations issued pursuant to this chapter shall be used for the purposes of acquisition, holding, protection, maintenance, repair, stabilization, operation, management, development, redevelopment, improvement and use of lands, for making grants and undertaking financing transactions, for the acquisition of stock, options or warrants, for refunding other such debt obligations, or for provision of personnel and administrative costs of the Agency as provided by this chapter.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 30 - Accounts of Receipts and Expenditures; Annual Report

Section 30. The Agency shall keep accurate accounts of all receipts and expenditures of the Government Land Bank Fund; and shall make a report annually containing an abstract of such accounts and detailed information on all receipts and expenditures, including prices paid for lands purchased, the terms upon which loans, loan guarantee and grants were made, and such other detailed information as provided in section 14. Except as otherwise provided by this chapter, the Agency shall have full power to exercise care of its property and management of its loans, loan guarantees, grants, business and affairs, and to sell and convey any lands as provided by this chapter, by deed or other instrument sealed with its corporate seal, signed and acknowledged by a majority of the board of directors of in like manner to authorize such sale and conveyance by any of its officers or agents.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 31 - Rents and Charges for Services or Facilities Furnished or Supplied by Agency

Section 31. Rents and charges for services or facilities furnished or supplied by the Agency shall not be subject to supervision or regulation by any department, division, commission, board, bureau or Agency of the commonwealth or any political subdivision thereof.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 32 - Liability in Contract or Tort

Section 32. Except to the extent otherwise provided at law including, without limitation, section 12 of chapter 498 of the acts of 1993, the Agency shall be liable in contract or in tort in the same manner as a private corporation. The directors, employees, officers and agents of the Agency shall not be liable as such on its contracts or for torts not committed or directly authorized by them. The property or funds of the Agency shall not be subject to attachment or to levy and sale on execution, but if the Agency refuses to pay a judgment entered against it in any court of competent jurisdiction, the superior court, sitting within and for the county in which the Agency is situated, may direct the treasurer of the Agency to pay such judgment. The lands of the Agency shall not be subject to liens under chapter 254.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 33 - Exemption From Taxation

Section 33. The lands and tangible personal property of the Agency shall be deemed to be public property used for essential public and governmental purposes and shall be exempt from taxation and from betterments and special assessments.
Nothing in this chapter shall be construed to prevent the taxation to the same extent and in the same manner as other lands are taxed, of lands acquired by the Agency and sold by it, or of lands so acquired by the Agency and leased by it; provided, however, that lands so acquired by the Agency and sold or leased to an urban redevelopment corporation or other entity operating under chapter 121A, or the economic development and industrial corporation of Boston, or such other corporation as may be established by special law for, or other entity operating under said chapter 121A and authorized by special law with respect to the redevelopment of lands formerly used for Westover Air Force Base, the Chelsea Naval Hospital, or the Boston Naval Shipyard, including the South Boston Annex, the Boston Army Base and all other lands owned by the United States of America and used in connection with or for purposes related to the operations of the Boston Naval Shipyard or the Boston Army Base, shall be taxed as provided in such chapter or special law and not otherwise.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 34 - Annual Report

Section 34. The Agency shall annually submit to the governor, the chairman of the senate ways and means committee, the chairman of the house ways and means committee, the secretary of administration and finance, and the comptroller within 90 days after the end of its fiscal year a complete and detailed report setting forth its operations and accomplishments; its receipts and expenditures during such fiscal year; and, its assets and liabilities at the end of its fiscal year.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 36 - Interests in Land, Mortgages, Liens and Security Interests; Transfer Upon Termination of Agency

Section 36. Upon termination of the Agency's existence, title to all lands or any interest therein, which immediately prior to said termination, is held by the Agency, and all mortgage and other titles, liens upon and security interests therein so held by the Agency in or upon lands or interests therein theretofore disposed of by the Agency, shall be, without further action be transferred to and shall be vested in the commonwealth and shall be under the control of the executive office for administration and finance. The secretary of administration and finance is hereby authorized to hold, protect, maintain, and use such lands, or any interest therein, as he deems necessary or desirable to facilitate disposition of such lands or any interest therein, and to dispose of such lands, or any interest therein, by sale, lease or otherwise. The proceeds of any disposition of such lands, or any interest therein, shall be paid into the treasury of the commonwealth and shall be used solely toward meeting the debt service obligations of the General Fund.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 37 - Monies Credited to Government Land Bank Fund; Reversion Upon Termination of Agency

Section 37. Upon the termination of the Agency's existence, all monies credited to the Government Land Bank Fund shall, after payments, other than the interest on or the principal of any bonds and notes issued pursuant to this chapter, due on account of the Agency shall have been made, revert to the treasury of the commonwealth and shall be used solely toward meeting the debt service obligations of the General Fund.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title II - Executive and Administrative Officers of the Commonwealth › Chapter 23g - The Massachusetts Development Finance Agency › Section 38 - Books, Papers, Records, Documents and Equipment; Transfer Upon Termination of Agency

Section 38. Upon the termination of the Agency's existence, all books, papers, records, documents, and equipment, which immediately prior to said termination, are in the custody of the Agency, and which relate to or are maintained for the purpose of the exercise of the Agency's powers or the performance of the Agency's duties and all assets of the Agency of every kind and nature, shall be transferred without further action to the secretary of administration and finance.