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Bill > H1433


MA H1433

Relative to excess profits resulting from 40B developments


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the penalty for withholding low income housing development excess profits. Housing.

AI Summary

This bill amends Section 21 of Chapter 40B of the Massachusetts General Laws to impose a penalty on public agencies, limited dividend, or nonprofit organizations that are convicted of fraudulently withholding excess profits from a city or town from a development under Chapter 40B. The penalty is ineligibility to construct any additional developments under Chapter 40B or Chapter 40R for a period of 5 years from the date of conviction.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Accompanied a study order, see H5276 (on 09/19/2022)

bill text


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