Bill > H2806

This bill makes several changes to the laws governing industrial development finance authorities in Massachusetts. It removes certain restrictions on the types of projects that can be financed, allows for the issuance of bonds to cover project costs incurred prior to bond authorization, and gives sole bond-issuing authority to industrial development finance authorities for projects within their jurisdictions. The bill also makes changes to the composition and powers of these authorities, including removing the requirement for a certificate of convenience and necessity from the Massachusetts Office of Business Development. Overall, the bill aims to provide more flexibility and autonomy for industrial development finance authorities in supporting community development and small businesses.

Business and Industry

https://malegislature.gov/Bills/190/H2806