§ 1 Definitions
§ 2 Transit authorities authorized; territories; powers, duties and liabilities
§ 3 Creation of regional transit authorities; name; notice to governor; appointment of administrator; powers, duties, etc.; joinder of contiguous territory; membership in additional authority
§ 4 Administrator; appointment; tenure; salary; bond
§ 5 Advisory board; members; vote; executive committee; meetings; expenses
§ 6 Powers of authority
§ 7 Separate units of mass transportation facilities and equipment; authorization; unit lease arrangements; financing; bonds
§ 8 Limitations, conditions, obligations and duties of authority
§ 9 Payment of net cost of service by state; assessment upon cities and towns in territory of transit authority
§ 9A Cape Cod Regional Transit Authority; assessment upon member cities and towns
§ 10 Year with net cost of service; payment by state; financing; notes; assessments on cities and towns constituting authority; year with excess; disposition of funds
§ 12 Audit; report; provision of copies to committee chairs
§ 13 Exemptions from taxation and license fees
§ 14 Establishment of authorities by vote of advisory board; nonparticipation by city or town; later joining
§ 15 City or town assessed for net cost of service; ballot question upon continuation of membership; votes
§ 16 Conflict of regulatory powers; resolution by department of telecommunications and energy
§ 17 Bonds; issuance authorized; limitations; terms; requirements; conditions; rules and regulations for assistance to private companies; disbursement of proceeds
§ 18 Trust agreement to secure bonds
§ 19 Bonds issued under this chapter; authorized investments; use for legal deposits
§ 21 Interest bearing or discounted notes and bond anticipation notes authorized; limitations; disposition of proceeds; payment
§ 22 Federal assistance
§ 23 Contract assistance
§ 24 Application of other laws
§ 25 Direct operation of mass transportation service
§ 26 Stabilization fund
§ 27 Regional transit authority council

Terms Used In Massachusetts General Laws > Chapter 161B - Transportation Facilities, Highway Systems and Urban Development Plans

  • Amortization: Paying off a loan by regular installments.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Interests: includes any form of membership in a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC