summary
Introduced
01/24/2022
01/24/2022
In Committee
09/29/2022
09/29/2022
Crossed Over
09/26/2022
09/26/2022
Passed
11/23/2022
11/23/2022
Dead
Signed/Enacted/Adopted
12/01/2022
12/01/2022
Introduced Session
192nd General Court
Bill Summary
That the city of Framingham be authorized to establish the Framingham economic development corporation. Economic Development and Emerging Technologies. [Local Approval Received.]
AI Summary
This bill establishes the Framingham Economic Development Corporation (the "Corporation") in the city of Framingham. The Corporation will be a public instrumentality separate from the city, with the purpose of promoting the economic revitalization of the city by exercising the powers and privileges granted in the bill. The Corporation will have various powers, including the ability to acquire property, prepare development plans, issue revenue bonds, and provide relocation assistance. The Corporation will be governed by a 7-member board of directors appointed by the Mayor and approved by the City Council. The city may provide financial support to the Corporation and convey city-owned property to the Corporation to further its economic development goals.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Signed by the Governor, Chapter 283 of the Acts of 2022 (on 12/01/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H4352 |
| Bill | https://malegislature.gov/Bills/192/H4352.pdf |
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