reglab/statecodes huggingface dataset:
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 3 - Board of Directors of Authority; Appointment; Terms

Section 3. Except as provided herein relative to consolidated authorities, each industrial development financing authority shall be governed by a board of five directors. Said directors shall be appointed in a city by the mayor or by the city manager in a Plan D or Plan E municipality, subject, in either case, to confirmation by the city council, and in a town by the board of selectmen; provided, that the directors originally appointed shall be appointed to serve for terms of one, two, three, four and five years, respectively, measured in each case from the April first next following their original appointment. At least one director shall be experienced in financial matters, one in real estate matters and one in town or city government. In the case of a consolidated industrial development financing authority, there shall be five directors for each constituent municipality appointed as herein before provided.
Membership on the board of directors of an industrial development financing authority shall be restricted to residents of the municipality or in case of a consolidated authority to residents of the constituent municipality from which they are appointed. No person shall be disqualified from serving as a director by reason of holding any other appointive or elective office in the municipality. For the purposes of chapter two hundred and sixty-eight A, the directors of such authority shall be deemed to be special municipal employees.
Upon the expiration of the term of any director of an authority, his successor shall be appointed in like manner for a term of five years, or in the case of an appointment made to fill a vacancy, for the unexpired term. Any director shall continue in such capacity upon the expiration of his term until his successor is appointed and qualified.
Whenever the membership of the board of directors of an authority is changed, by appointment, resignation or removal, a certificate and duplicate certificate to that effect shall promptly be filed as provided in section two upon the appointment and qualification of the original directors. A duplicate certificate so filed with the state secretary shall be conclusive evidence of the change in membership of the authority referred to therein.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 4 - Removal of Directors; Interested Directors

Section 4. The governing body of a municipality may make, or may receive, written charges against, and may after hearing remove, because of inefficiency, neglect of duty and misconduct in office, or any of such causes, a director of an industrial development financing authority, appointed from such municipality; provided, that such director shall have been given, not less than fourteen days before the date set for such hearing, a copy in writing of the charges against him and written notice of the time, date and place of the hearing to be held thereon, and at the hearing shall have been given the opportunity to be represented by counsel and to be heard in his own defense. Pending final action upon any such charges, the governing body may temporarily suspend such director, provided that if it finds that such charges have not been substantiated, it shall immediately reinstate him in his office. In case of any such removal, such governing body shall forthwith deliver to the clerk of the municipality for filing with the certificate, and with the duplicate certificate, attested copies of such charges and of its findings thereon.
A director who ceases to be a resident of the city or town shall be removed upon the date of his change of residence by operation of law.
The provisions of chapter two hundred and sixty-eight A shall apply to all directors, officers and employees of the authority, except that the authority may purchase from, sell to, borrow from, loan to, contract with or otherwise deal with any person in which any director of the authority is in any way interested or involved provided, however, that such interest or involvement is disclosed in advance to the members of the board and recorded in the minutes of the board; and provided further, that no director having such an interest or involvement may participate in any decision of the board relating to such person. Employment by the municipality or service in any agency or board thereof shall not be deemed to be such an interest or involvement.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 6 - Compensation and Expenses of Directors

Section 6. The directors of an industrial development financing authority shall serve without compensation as such but each director shall be reimbursed for all necessary travel and other expenses incurred by him in the discharge of his official duties. The compensation of the executive director shall be subject to review and approval by the Massachusetts office of business development. Such compensation, if any, and expenses shall be allocated by the authority among its various projects, in such manner and amounts as it deems proper and shall constitute current expenses thereof.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 8 - Financing Documents; Excess Payments

Section 8. Any financing document authorized by this chapter shall:
(i) be for a term not in excess of ninety-nine years;
(ii) provide for payments sufficient to amortize the principal and interest of all bonds and other obligations of the municipality issued or incurred to pay the cost of the project and current expenses of the municipality incurred in connection therewith; and
(iii) provide in the case of the lease of a project by the municipality to a user that the lessee shall pay to the municipality acting by and through an authority or otherwise assume and pay all other cost of maintaining and operating the project including taxes and assessments on the lessee's interest in the project or excises as hereinafter in this chapter provided.
Any financing document may contain any other provision deemed necessary or desirable by the authority, including without limitation, in the case of the lease of a project by the municipality to a user, renewal or purchase options but any purchase option shall provide at a minimum for payment sufficient to reimburse the authority for all its current expenses incurred in connection with the project and to pay in full all bonds and other obligations of the authority together with interest thereon issued or incurred in connection with the project and unpaid at the time such option is exercised together with premiums, if any, payable in the event such bonds are called for redemption at the earliest practicable date. Any such purchase option may provide for payment of no additional consideration if all such expenses, bonds, or other obligations and interest have been paid in full when such option is exercised.
Any amounts paid by a user under any renewal or purchase option in excess of that necessary to pay such expenses, bonds or other obligations and interest shall be paid over on receipt by the authority, or directly, if the existence of the authority has terminated, to or for the account of the municipality which established the authority. If the authority is a consolidated authority, such payments shall be divided among the municipalities establishing such consolidated authority in such proportions as they may from time to time agree or, in the absence of agreement, in proportion to the average assessed value of the leased property for the three years next preceding the acquisition thereof by the constituent municipalities acting by and through the consolidated authority.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 9 - Borrowing Money and Issuance of Bonds; Trust Agreements

Section 9. Any municipality acting by and through an industrial development financing authority is hereby authorized and empowered to borrow money in furtherance of the purposes of this chapter and to evidence the same by the issuance of bonds. The bonds may be of one or more series. Any bonds issued under the provisions of this chapter shall be secured by a trust agreement by and between the issuing municipality acting by and through an authority and a corporate trustee, which shall be located within the commonwealth and shall be a trust company or bank having the powers of a trust company, a savings bank as provided in section sixty-six D of chapter one hundred and sixty-eight or a co-operative bank as provided in section thirty-two E of chapter one hundred and seventy. Such trust agreement may pledge or assign the interest of the municipality acting by and through the authority as lessor, seller, mortgagee or lender under the financing document and may convey or mortgage any project or other property held thereunder or any part thereof. Such trust agreement shall contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the issuing municipality in relation to the construction, acquisition, equipping or improvement of any project or other property held under the financing document and the duties to be imposed on a user or other party with respect thereto, including the improvement, maintenance, operation, repair and insurance thereof, and the custody, safeguarding and application of all moneys and may contain provisions for the employment of consulting engineers and other experts and specialists in connection with such projects or property. It shall be lawful for any bank or trust company incorporated under the laws of the commonwealth or such savings bank or co-operative bank, which may act as depository of the proceeds of the bonds or of revenues, to furnish such indemnifying bonds or to pledge such securities as may be required by the issuing municipality. Such trust agreement shall set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders. In addition to the foregoing, such trust agreement may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust agreement may be treated as an item of current expenses.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 11 - Proceeds of Bonds

Section 11. If the proceeds of the bonds initially issued, by reason of increased construction costs or error in estimates or otherwise, shall be less than the amount required for the purpose for which such bonds are authorized, additional bonds may in like manner, and without any requirement of obtaining a certificate of convenience and necessity therefor, be issued by a municipality to provide the amount of such deficiency and shall be deemed to be of the same series and shall be entitled to payment from the same fund or funds as the bonds first issued without preference or priority of the bonds first issued. If the proceeds of the bonds initially issued shall exceed the amount so required, such excess shall be deposited to the credit of the sinking fund for such bonds.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 13 - Deposit of Proceeds From Bonds

Section 13. The proceeds from the sale of any bonds shall be deposited with the trustee under the trust agreement to the credit of a special fund or funds to be used solely for the payment of the cost of the project and shall be disbursed in such manner and under such restrictions as may be provided in the trust agreement, except that such amount as may be provided in the trust agreement for paying the expenses of the authority prior to the time when the revenues of the project are available for such purpose may be paid over to the authority and such amount as may be provided in the trust agreement, or otherwise, for reimbursing a municipality for advances made under section nineteen may be paid over to such municipality.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 14 - Rentals and Moneys Payable Under Lease; Payment to Trustee Under Trust Agreement for Repayment of Bonds; Pledges; Trust Agreements

Section 14. All rentals or other monies payable under a financing document shall be paid to the trustee under the trust agreement securing the bonds. The issuing municipality acting by and through an authority is further authorized to pledge such rentals and other revenues to the payment of the interest on and the principal of said bonds. Such pledge shall be valid and binding from the time when the pledge is made; the rentals or other revenues or other monies so pledged and thereafter received by the municipality acting by and through an authority or the trustee on its behalf shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the issuer, irrespective of whether such parties have notice thereof. A trust agreement by which a pledge is created or a financing statement need not be filed or recorded under the Uniform Commercial Code or otherwise except in the records of the authority.
The monies so pledged shall be set aside, at such regular intervals and in such amounts as may be provided in the trust agreement, in the sinking fund for the payment of such interest, principal and the redemption price or purchase price of such bonds. The use and disposition of monies to the credit of such sinking fund shall be subject to the provisions of the trust agreement. Except as may otherwise be provided in the trust agreement, such sinking fund shall be a fund for all such bonds without distinction or priority of one over another. The balance of such rentals and other revenues not needed for such sinking fund requirements shall be applied as may be provided in the trust agreement.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 15 - Trust Funds

Section 15. All monies received by an issuing municipality acting by and through an authority pursuant to the provisions of this chapter, whether as proceeds from the sale of revenue bonds or as revenues, shall be deemed to be trust funds, to be held and applied solely as provided in this chapter. The trust agreement shall provide that any officer to whom, or any bank or trust company to which, such monies shall be paid shall act as trustee of such monies and shall hold and apply the same for the purposes hereof, subject to such regulations as this chapter and the trust agreement may provide.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 16 - Bondholders Remedies

Section 16. Any holder of bonds issued under the provisions of this chapter or of any of the coupons appertaining thereto, and the trustee, except to the extent the rights herein given may be restricted by the trust agreement securing the same, may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any and all rights under the laws of the commonwealth or granted hereunder or under the trust agreement, and may enforce and compel the performance of all duties required by this chapter or by the trust agreement to be performed by the issuer or by any officer or agency thereof.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 17 - Revenue Refunding Bonds

Section 17. A municipality acting by and through an authority is hereby authorized to provide by resolution for the issuance of its revenue refunding bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds, and, if deemed advisable by the issuing municipality acting by and through its authority for either or both of the following additional purposes:—(i) constructing improvements, of any project and (ii) paying all or any part of the cost of any additional project. The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties and obligations of the issuer in respect of the same, shall be governed by the provisions of this chapter in so far as the same may be applicable.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 18 - Deposit of Funds; Reports and Financial Statements; Audits

Section 18. All monies of any authority from whatever source derived shall be paid to the treasurer of the authority, except the proceeds of bonds and rentals or other revenues from a project or under a financing document which secures bonds, which shall be paid as provided in the trust agreement securing such bonds. Such monies shall be deposited in the first instance by the treasurer in one or more banks or trust companies in one or more special accounts, and each of such special accounts to the extent the same is not insured shall be continuously secured by a pledge of direct obligations of the United States of America, of the commonwealth or of the municipality in which the authority is established, having an aggregate market value exclusive of accrued interest, at all times at least equal to the balance on deposit in such account. Such securities shall either be deposited with the treasurer, or be held by a trustee or agent satisfactory to the authority. All banks and trust companies are authorized to give such security for such deposits. The monies in said accounts shall be paid out on the warrant or other order of the chairman of the authority, or of such other person or persons as the authority may authorize to execute such warrants or orders. Every authority shall file an annual report with the Massachusetts office of business development and with the municipality creating the authority on forms prepared and distributed by the said department. Every authority in a municipality which has issued bonds under this chapter shall have its books, accounts and records audited annually by a certified public accountant and a copy of his audit report shall be attached to and be made a part of the aforesaid annual report. A concise financial statement shall be published annually, at least once in a newspaper of general circulation in the city or town in which the principal office of the authority is located. If such publication is not made by the authority, the city or town shall publish such statement at the expense of the authority. If the authority fails to make such an audit, then the controller, auditors or accountant designated by the municipality are hereby authorized and empowered from time to time to examine at the expense of the authority the accounts and books of the authority, including its receipts, disbursements, contracts, financing documents, sinking funds, investments and other matters relating to its finances, operations and affairs.
The state auditor shall have the right to examine the books, accounts and records of any authority.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 19 - Appropriations

Section 19. Any municipality may appropriate money for the benefit of an authority for organizational expenses, and for operating expenses and to transfer for use by any such authority, with or without consideration, any interest in real or personal property or interest therein for facilities, not directly related to a particular project or projects. Any municipality may appropriate money for planning and other preliminary expenses for a particular project or projects; provided, however, that such municipality shall be reimbursed from the proceeds of bonds issued to finance such project for all such advances.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 22 - Pollution Control Facilities; Financing; Findings; Financing Authority; Applicable Laws

Section 22. (a) A municipality acting by and through an authority may finance pollution control facilities in the same manner provided by this chapter for industrial development facilities, except as otherwise hereinafter provided.
(b) The requirements of clauses (e), (g), (i), and (k) of subsection (2) of section twelve shall not apply to projects for pollution control. It shall be necessary, however, that the state industrial finance board find that a substantial public benefit will result from the project and in the case of pollution control facilities for water, the division of water pollution control in the department of environmental protection, or, in the case of pollution control facilities for air, the commissioner of environmental protection, has found that the project as designed is in furtherance of the purpose of abating or controlling water pollution or air pollution, as the case may be.
(c) An authority having industrial development powers or solid waste disposal powers, heretofore or hereafter organized, shall also have pollution control powers under this section but the provisions of this section shall not affect the power of a municipality, acting by and through an authority, to finance pollution control facilities as a part of an industrial development project or solid waste disposal project.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40d - Industrial Development of Cities and Towns › Section 23 - Pollution Control, Cogeneration, and Small Power Production Facilities; Grants or Loans

Section 23. A municipality acting by and through an authority in connection with a project for pollution control facilities, cogeneration facilities or small power production facilities financed or to be financed under this chapter may apply for and accept and use any grant, loan, or grant and loan of federal or state funds for such pollution control facilities, cogeneration facilities or small power production facilities.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 5 - Operation; Licensed Small Business Investment Corporation; Establishment of Subsidiary Corporation

Section 5. The MTDC is hereby specifically authorized to operate as a licensed small business investment corporation under the provisions of the Small Business Investment Act of 1958, Public Law 85–699, as amended from time to time, if it can qualify thereunder and if the board shall determine that such operation would reasonably serve to carry out the purposes of the MTDC. In the alternative, the board shall be authorized, in its discretion, to establish a subsidiary corporation to operate as a licensed small business investment corporation under said Act, and to make investments in qualified securities of enterprises through such subsidiary.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 5a - Innovation Development; Grants, Loans, etc.; Subsidiary Corporation

Section 5A. The MTDC is hereby authorized to operate as a corporation for innovation development under the provisions of the rules and regulations of the United States Department of Commerce regarding corporations for innovation development and under the provisions of the Public Laws of the United States regarding such corporations. In its capacity as a corporation for innovation development, the MTDC is authorized to accept any and all grants, loans, guarantees, subsidies, matching funds, reimbursements, property, services, or other things of value from the United States or any agency thereof or from any regional governmental agency or from any government agency of any other state or from any institution, person, firm or corporation, public or private, to be used for the purposes of a corporation for innovation development as set forth in applicable federal laws and regulations. The board of directors of the MTDC may, in its discretion, establish a subsidiary corporation to operate as a corporation for innovation development if it determines that it would be preferable for operational reasons to separate said corporation for innovation development activities from the other activities of MTDC.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 6 - Annual Report of Activities

Section 6. The MTDC 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 clerk of the house of representatives and to the clerk of the senate. The report shall contain the number of additional jobs created and the number of persons hired as a result of the activities of the corporation who were recipients of programs provided for in chapter 115, 117A, or 118. The report shall detail the corporation's experience over the previous year in meeting the requirements of clause (2) of the fifth paragraph of section 4.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 7 - Audit of Books and Records

Section 7. The books and records of the Massachusetts Technology Development Corporation shall be subject to an audit by the state auditor, in accordance with generally accepted government auditing standards, once every 3 years and as often as the state auditor determines is necessary. The books and records of the Massachusetts Technology Development Corporation shall also be subject to an annual audit by an independent auditor.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 9 - Initial Appointments to Board of Directors

Section 9. In making his initial appointments to the board of directors of the Massachusetts Technology Development Corporation, the governor shall select the appointed members from among the members of the board of directors of the Massachusetts Science and Technology Foundation holding such position on the effective date of this act who also meet the qualifications for members of the Board of the Massachusetts Technology Development Corporation as specified in section three.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 10 - Documentary Materials Concerning Trade Secrets, Commercial or Financial Information; Confidentiality

Section 10. Any documentary materials or data whatsoever made or received by any member or employee of the corporation, and consisting of, or to the extent that such material or data consist of, trade secrets, or commercial or financial information regarding the operation of any business conducted by an applicant for, or recipient of, any form of assistance which the corporation is empowered to render, or regarding the competitive position of such applicant in a particular field of endeavor, shall not be deemed public records of the corporation and shall not be subject to section 10 of chapter 66. Any discussion or consideration of such trade secrets or commercial or financial information, may be held by the board, or any subcommittee of the board, in executive sessions closed to the public, notwithstanding the provisions of section eleven A and one-half of chapter thirty A; provided, however, that the purpose of any such executive session shall be set forth in the official minutes of the corporation and business which is not related to such purpose shall not be transacted, nor shall any vote be taken during such executive sessions.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40g - Massachusetts Technology Development Corporation › Section 12 - Massachusetts Technology Transfer Center

Section 12. (a) There shall be within the corporation, and subject to the board's oversight and control, a Massachusetts Technology Transfer Center to facilitate the transfer of technology from the commonwealth's research institutions to the commonwealth's industries, for productive use by such industries. The center shall provide advice and assistance to public and private research institutions on strategies for technology transfer including, but not limited to, advice and assistance in the following areas: (i) assessing the viability and value of developing technologies; (ii) defining and exploiting potential markets for such technologies; (iii) commercialization strategies; (iv) intellectual property issues, including licensing strategies; and (v) business development. The center shall be governed by the board and subject to the board's oversight and control. The president of the corporation may hire such staff as may be necessary to accomplish purposes of the center.
(b) The corporation shall report annually to the Massachusetts office of business development on the number of technology transfer transactions or projects that have been consummated with the assistance of the center, the names and geographic locations of the recipient industries and the estimated number of new jobs created as a result of such transactions or projects.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40h - Community Economic Development Assistance Corporation › Section 1 - Public Purpose

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 target areas; (b) the development of these target areas will promote employment and the fuller utilization of local resources and will enhance the fiscal health of the commonwealth and its cities and towns; (c) the commonwealth has already implemented policies designed to provide capital and other financial assistance to community development corporations and other organizations seeking to alleviate the debilitating conditions characterizing these target areas, but the lack of technical assistance to these organizations inhibits the commonwealth's ability to redevelop such areas; (d) due to the critical shortage of housing in the commonwealth that is affordable to persons of low and moderate income, the preservation of existing and the creation of new housing that is affordable to persons of low and moderate income will enhance the fiscal health of the economy of the commonwealth; (e) therefore, it is in the public interest of the commonwealth to promote the prosperity and general welfare of its citizens, a public purpose for which public money may be expended, to provide technical and financial assistance and related services to community development corporations, nonprofit corporations and other organizations, to promote the revitalization of target areas and to preserve and develop housing affordable to low and moderate income persons; and (f) the creation of the Community Economic Development Assistance Corporation will assist in serving these public purposes.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40h - Community Economic Development Assistance Corporation › Section 4 - Powers

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 an official seal;
(c) to sue and be sued, in its own name;
(d) to make contracts and execute all instruments necessary or convenient for the exercise of its power and functions;
(e) to acquire, own, hold and dispose of personal property of any nature or any interest therein;
(f) to enter into agreements or other transactions with any federal, state or municipal agency;
(g) to provide technical and financial assistance, either to particular eligible organizations or in the form of assistance, such as the publishing of materials or holding of conferences or the like, intended to contribute to the public purposes of this chapter generally;
(h) to appear in its own behalf before boards, commissions, departments or other agencies of municipal, state or federal government;
(i) to procure insurance against any losses in connection with its property in such amounts and from such insurers, as may be necessary or desirable;
(j) to apply for and accept grants, loans, advances and contributions from any source of money, property, labor or other things of value, to be held, used and applied for the purposes of this chapter;
(k) to provide and pay for such advisory services and technical and financial assistance as may be necessary or desirable to carry out the purposes of this chapter;
(l) to exercise any other powers of a corporation organized under chapter 156B; and
(m) to do all things necessary or convenient to carry out its purposes and exercise the powers expressly granted in this chapter.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40j - Massachusetts Technology Park Corporation › Section 1a - Additional Findings and Revised Public Purpose

Section 1A. It is hereby found that: (1) Massachusetts has recently entered a period of severe economic distress, with increasing unemployment and with many areas of the commonwealth's economic base exhibiting an undesirable rate of growth; (2) these developments, while underscoring the economic importance of continued investments in technology education, place new and increasing pressures on such investments to advance the commonwealth's more immediate economic development interests while decreasing their reliance on scarce public funds; (3) accordingly, the Massachusetts technology park corporation must aggressively use the full breadth of the resources of its microelectronics center to directly support firms in the electronics and related industries to maintain, expand and locate their business activities in the commonwealth and thereby create and retain increased and more rewarding employment opportunities for our citizens; (4) further, the corporation must respond to pressing fiscal constraints by striving to make the center self-sufficient of regular, annual public maintenance funding through a comprehensive program of cost reduction, increased support from participating businesses and universities, the pursuit of federal and industry grants, and the full exploitation of the revenue generation potential of its essential governmental functions; (5) to those ends, and to otherwise account for changed economic circumstances since the corporation's creation, it is required to amend the corporation's public purpose, designated powers and essential governmental functions as set forth in its enabling act.
Therefore, it is found in the public interest of the commonwealth to promote the prosperity and general welfare of its citizens, a public purpose for which public money may be expended, to amend the enabling act and certain related statutes of the corporation to authorize the corporation to foster the expansion of industrial and commercial activity and employment opportunities in the commonwealth by employing its resources, to the extent consistent with its educational activities, to advance additional, more direct economic development initiatives which support firms to maintain, expand and locate their business activities within the commonwealth and thereby create and retain increased and more rewarding employment opportunities for our citizens.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40j - Massachusetts Technology Park Corporation › Section 4d - Microelectronics Center; Essential Tasks

Section 4D. In furtherance of the revised public purpose of the corporation as set forth in section one A of this chapter, the mission of the microelectronics center shall hereinafter be deemed to include the following essential tasks:
(a) to continue to support and challenge the engineering universities of the commonwealth to provide a world-class, hands-on educational experience for their students in semiconductor technology which remains responsive to the needs of industry and the rapid pace and changing direction of the technology;
(b) to otherwise aggressively employ the full breadth of the center's institutional resources, including the forum provided by the corporation's board, the center's significant physical and technical resources, and the resources and strengths of the center's participating universities, to discharge the essential governmental functions set forth in section 4B and elsewhere in this chapter and thereby support firms in the electronics and related industries to maintain, expand and locate their business activities in the commonwealth and create and retain increased and more rewarding employment opportunities for the citizens hereof; and
(c) to position the center to defray its expenses of administration and operation in a manner wholly self-sufficient of regular, annual maintenance funding thereof through a comprehensive program of cost reduction, increased support from participating businesses and universities, the aggressive pursuit of federal and industry grants, and the full exploitation of the revenue generation potential of its essential governmental functions.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40j - Massachusetts Technology Park Corporation › Section 4h - Massachusetts Cybersecurity Innovation Fund

Section 4H. (a) In order to grow the cybersecurity industry cluster in the commonwealth and protect against cybersecurity threats, there is hereby established and set up on the books of the corporation the Massachusetts Cybersecurity Innovation Fund, hereinafter referred to as the fund, to which shall be credited the proceeds of any bonds or notes of the commonwealth issued for the purpose, and any appropriations designated by the general court to be credited thereto. The fund shall be administered by the corporation. The corporation shall hold the fund in an account or accounts separate from other funds of the corporation. The purpose of the fund shall be to: (i) support facilities, hardware and software used to develop or test cybersecurity solutions and enable the growth of innovative ideas to address cybersecurity threats; (ii) accelerate the growth of the cybersecurity cluster and related clusters; (iii) expand employment opportunities and address talent pipeline needs in the cybersecurity industry and related industries for the residents of the commonwealth, including, but not limited to, women, minorities, veterans, and unemployed and underemployed individuals, through workforce training; (iv) match public and private universities with industry participants to develop cybersecurity technology and expand other relevant capabilities; (v) provide for the monitoring and detection of threat activity in order to investigate or mitigate cybersecurity incidents; and (vi) promote the development and implementation of educational programs within the commonwealth's public schools, kindergarten to grade 12, inclusive, and public institutions of higher education through collaboration with Massachusetts Computing Attainment Network.
[There is no subsection (b).]
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40j - Massachusetts Technology Park Corporation › Section 6c - Massachusetts Broadband Incentive Fund

Section 6C. The corporation shall establish a fund to be known as the Massachusetts Broadband Incentive Fund. The corporation shall hold the fund separate and apart from its other funds, to finance the activities of the institute. The corporation shall credit to the fund any appropriations, bond proceeds or other moneys authorized by the general court and specifically designated to be credited to the fund, and any other moneys legally available to the corporation which the board of the corporation may determine to deposit in the fund.
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40j - Massachusetts Technology Park Corporation › Section 6e - E&ndash;health Institute Fund

Section 6E. (a) There shall be established and set up on the books of the corporation a separate fund to be known as the e–Health Institute Fund, referred to in this section as the fund. There shall be credited to the fund revenue from appropriations or other monies authorized by the general court and specifically designated to be credited to the fund, including but not limited to any investment income earned on the fund's assets and all other sources. The corporation shall hold the fund in an account or accounts separate from other funds, including other funds established under this chapter. Amounts credited to the fund shall be available for reasonable expenditure by the corporation, without further appropriation, for any and all activities consistent with this section and supportive of the purposes specified in section 6D, including but not limited to, in the form of grants, contracts, loans and such other vehicles as the corporation may determine are appropriate. Amounts credited to the fund shall be expended or applied only with the approval of the executive director of the corporation upon consultation with the health information technology council established under section 2 of chapter 118I of the General Laws. Amounts credited to the fund shall not be applied to the commonwealth's match for federal funds for which a state match is required unless the federal funds to be matched are allocated to the corporation for use to further the purposes set out in this section, as reasonably determined by the executive director of the corporation; provided, however, that there are no other sources of funds available to meet federal matching requirements in order to secure such federal funds, as reasonably determined by the executive director of the corporation. Revenues deposited in the fund that are unexpended at the end of the fiscal year shall not revert to the General Fund and shall be available for expenditure in the following fiscal year.
[There is no subsection (b).]
2023 Massachusetts General Laws › Part I - Administration of the Government › Title VII - Cities, Towns and Districts › Chapter 40j - Massachusetts Technology Park Corporation › Section 6h - Big Data Innovation and Workforce Fund

Section 6H. There shall be established and set up on the books of the corporation a Big Data Innovation and Workforce Fund. There shall be credited to the fund the proceeds of any bonds or notes of the commonwealth issued for the purpose of the fund and any appropriations designated by the general court. The corporation shall hold the fund in an account separate from other funds, including other funds established under this chapter. Amounts credited to the fund shall be available for expenditure by the corporation without further appropriation for all activities consistent with this section and which support the purposes specified in this section as the corporation may determine are appropriate including, without limitation, grants, contracts and loans. Amounts credited to the fund shall be expended or applied only with the approval of the executive director of the corporation upon consultation with the director of the John Adams Innovation Institute. Amounts credited to the fund shall be used to promote the use of big data, open data and analytics by including, but not limited to: (i) bringing together academia, industry, public sector and private sector organizations to make recommendations regarding how to educate and prepare a workforce for careers in big data including, but not limited to, through continuing education programs, advanced degree programs and community college and science, technology, engineering and math, or STEM, courses to close the skills gap; (ii) providing access to tools and technology to enable academia and industry to analyze open data sets to help identify and solve problems in transportation, public health, energy and other areas of public policy concern and to support economic development; (iii) providing challenge grants that enable departments, agencies and instrumentalities of the commonwealth that utilize big data to solve public policy concerns and to support economic development; and (iv) supporting the development of big data at the Venture Development Center at the University of Massachusetts at Boston. The corporation shall support efforts to develop policies and guidelines to safeguard personally identifiable information.