§ 1 Definitions
§ 2 Industrial Development Financing Authority; creation; consolidated authorities; dissolution
§ 3 Board of directors of authority; appointment; terms
§ 4 Removal of directors; interested directors
§ 5 Officers; oaths; records of proceedings; quorum; trade secrets; property and business of authority
§ 6 Compensation and expenses of directors
§ 7 Powers of municipalities
§ 8 Financing documents; excess payments
§ 9 Borrowing money and issuance of bonds; trust agreements
§ 10 Requisites for issuance and status of bonds
§ 11 Proceeds of bonds
§ 12 Issuance of bonds; conditions
§ 13 Deposit of proceeds from bonds
§ 14 Rentals and moneys payable under lease; payment to trustee under trust agreement for repayment of bonds; pledges; trust agreements
§ 15 Trust funds
§ 16 Bondholders remedies
§ 17 Revenue refunding bonds
§ 18 Deposit of funds; reports and financial statements; audits
§ 19 Appropriations
§ 20 Exemption from taxation; leased property
§ 21 Solid waste disposal facilities; financing authorities; organization; consolidation and dissolution; bonds; contracts; production and sale of steam as a by-product; applicable laws; government grants or loans
§ 22 Pollution control facilities; financing; findings; financing authority; applicable laws
§ 23 Pollution control, cogeneration, and small power production facilities; grants or loans

Terms Used In Massachusetts General Laws > Chapter 40D

  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Construction: means and includes both construction and acquisition and the term "to construct" means and includes both to construct and to acquire. See Massachusetts General Laws ch. 40D sec. 1
  • 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.
  • Dependent: A person dependent for support upon another.
  • 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
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Improvement: includes reconstruction, remodeling, rehabilitation, extension, enlargement and "to improve" includes to reconstruct, to remodel, to rehabilitate, to extend, to enlarge and to improve. See Massachusetts General Laws ch. 40D sec. 1
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Interests: includes any form of membership in a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Oath: A promise to tell the truth.
  • 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.
  • primarily: shall be deemed to mean not less than ninety per cent net thermal units in normal operation. See Massachusetts General Laws ch. 40D sec. 1
  • Quorum: The number of legislators that must be present to do business.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • 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
  • User: means one or more persons acting as lessee, purchaser, mortgagor or borrower under a financing document and may include a party who transfers the right of use and occupancy to another party by lease, sublease or otherwise. See Massachusetts General Laws ch. 40D sec. 1