§ 1 Public purpose
§ 2 Definitions
§ 2A Certification and recertification of organizations as community development corporations; annual report
§ 3 Creation; public instrumentality; board of directors; officers and employees
§ 4 Powers
§ 5 Technical and financial assistance; eligible organizations; standards; preference to certain projects
§ 6 Report of activities
§ 7 Audit of books and records
§ 8 Construction of chapter
§ 9 Application of other laws to the community economic development assistance corporation

Terms Used In Massachusetts General Laws > Chapter 40H - Community Economic Development Assistance Corporation

  • 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
  • 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.
  • 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.
  • 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.
  • Other entity: includes a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.