Massachusetts General Laws ch. 40W sec. 4 – Contracts for performance of core administrative functions
Current as of: 2023 | Check for updates
|
Other versions
Section 4. The corporation shall contract with another public authority for the performance by that authority of core administrative functions, as determined by the secretary of housing and economic development which may include, but shall not be limited to, human resources, financial management, information technology, legal, procurement and asset management, to minimize the administrative costs and expenses of the corporation.
Terms Used In Massachusetts General Laws ch. 40W sec. 4
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.