Massachusetts Statutes

Section 5. The board of directors of an industrial development financing authority shall elect from among its directors a chairman and a vice-chairman, and may employ counsel, an executive director who shall not be subject to section nine A of chapter thirty or to chapter thirty-…

Section 6. The directors of an industrial development financing authority shall serve without compensation as such but each director shall be reimbursed for all necessary travel and other expenses incurred by him in the discharge of his official duties. The compensation of the ex…

Section 7. (a) For the purpose of carrying out a project as authorized by this chapter, a municipality acting by or through an industrial development financing authority shall have the following powers to the extent that the same are not elsewhere in this chapter expressly limite…

Section 8. Any financing document authorized by this chapter shall: (i) be for a term not in excess of ninety-nine years; (ii) provide for payments sufficient to amortize the principal and interest of all bonds and other obligations of the municipality issued or incurred to pay t…

Section 9. Any municipality acting by and through an industrial development financing authority is hereby authorized and empowered to borrow money in furtherance of the purposes of this chapter and to evidence the same by the issuance of bonds. The bonds may be of one or more ser…

Section 1. The following terms as used in this chapter shall have the following meanings, except where the context clearly indicates otherwise: ''Board'', the board of directors of MTDC. ''Center'' or ''MTTC'', the Massachusetts Technology Transfer Center established in section 1…

Section 10. Any documentary materials or data whatsoever made or received by any member or employee of the corporation, and consisting of, or to the extent that such material or data consist of, trade secrets, or commercial or financial information regarding the operation of any …

Section 11. The MTDC shall be subject to section 16G of chapter 6A and section 56 of chapter 23A.

Section 12. (a) There shall be within the corporation, and subject to the board's oversight and control, a Massachusetts Technology Transfer Center to facilitate the transfer of technology from the commonwealth's research institutions to the commonwealth's industries, for product…

Section 2. There is hereby created a body politic and corporate to be known as the Massachusetts Technology Development Corporation or MTDC. The MTDC is hereby constituted a public instrumentality and the exercise by the MTDC of the powers conferred by this chapter shall be deeme…

Section 3. The MTDC shall have all of the powers necessary to carry out its purposes which shall include but not be limited to: (a) make, amend and repeal by-laws, rules and regulations for the management of its affairs; (b) adopt an official seal; (c) sue and be sued, in its own…

Section 4. There is hereby established an investment fund to which shall be credited any state appropriations or other moneys made available to the fund. The corporation shall hold the investment fund in an account or accounts separate from other funds. The corporation shall inve…

Section 4B. The corporation is hereby authorized and directed to establish a fund to be called the Commonwealth Fund which shall be managed by the MTDC to benefit and expand the economic climate within the commonwealth so long as such is consistent with sound investment policy. M…

Section 4C. The center shall administer the Innovation Commercialization Seed Fund established in section 45B of chapter 75.

Section 5. The MTDC is hereby specifically authorized to operate as a licensed small business investment corporation under the provisions of the Small Business Investment Act of 1958, Public Law 85–699, as amended from time to time, if it can qualify thereunder and if the board s…

Section 5A. The MTDC is hereby authorized to operate as a corporation for innovation development under the provisions of the rules and regulations of the United States Department of Commerce regarding corporations for innovation development and under the provisions of the Public …

Section 6. The MTDC shall annually submit a complete and detailed report of the corporation's activities within ninety days after the end of the fiscal year to the clerk of the house of representatives and to the clerk of the senate. The report shall contain the number of additio…

Section 7. The books and records of the Massachusetts Technology Development Corporation shall be subject to an audit by the state auditor, in accordance with generally accepted government auditing standards, once every 3 years and as often as the state auditor determines is nece…

Section 8. This chapter shall be liberally construed to effect its purposes.

Section 9. In making his initial appointments to the board of directors of the Massachusetts Technology Development Corporation, the governor shall select the appointed members from among the members of the board of directors of the Massachusetts Science and Technology Foundation…

Section 1. The general court finds and declares that: (a) the commonwealth has already designated certain chronically depressed areas, and may hereafter designate other such areas, as target areas; (b) the development of these target areas will promote employment and the fuller u…

Section 2. The following terms as used in this chapter shall have the following meanings, except when the context clearly indicates otherwise:— ''Affordable housing'', a dwelling unit: (i) rented to a household whose annual income, adjusted for family size, is equal to or less th…

Section 2A. (a) The secretary of housing and livable communities shall establish and maintain a list of organizations that have been certified as CDCs consistent with this chapter and develop a process for certifying those organizations; provided, however, that the organizations …

Section 3. (a) There is hereby created a body politic and corporate, to be known as the Community Economic Development Assistance Corporation or CEDAC. CEDAC is hereby constituted a public instrumentality and the exercise by CEDAC of the power conferred by this chapter shall be d…

Section 4. CEDAC shall have the following powers: (a) to make, amend and repeal bylaws, rules and regulations for the management of its affairs; (b) to adopt an official seal; (c) to sue and be sued, in its own name; (d) to make contracts and execute all instruments necessary or …

Section 5. CEDAC may, subject to appropriation by the general court or funds made available from any other public or private source and pursuant to rules and regulations adopted by it, provide technical and financial assistance to particular eligible organizations or projects int…

Section 6. CEDAC shall annually submit a complete and detailed report of the corporation's activities within ninety days after the end of the fiscal year to the clerk of the house of representatives and to the clerk of the senate.

Section 7. The books and records of the Community Economic Development Assistance Corporation shall be subject to an audit by the state auditor, in accordance with generally accepted government auditing standards, as often as the state auditor determines is necessary.

Section 8. The provisions of this chapter being necessary for the welfare of the commonwealth and its inhabitants, shall be liberally construed to effect its purposes.

Section 9. CEDAC shall be subject to section 16G1/2 of chapter 6A.

Section 1. It is hereby found (1) that throughout the history of Massachusetts, the economic development of the commonwealth and the prosperity and welfare of our people have depended, to a great degree, upon the continued ability of the commonwealth's fine colleges and universit…

Section 10. The provisions of this chapter being necessary for the welfare of the commonwealth and its inhabitants shall be liberally construed to effect its purpose.

Section 11. The provisions of chapter twelve A which are applicable to a public authority or a public agency shall apply to the corporation.

Section 12. (a) Definition. As used in this section: (i) ''Center of Excellence'' or ''center'' means a collaborative effort between private industry and one or more educational or research institutions which has been established by the Board pursuant to the provisions of this se…

Section 13. The corporation shall be subject to section 16G of chapter 6A and section 56 of chapter 23A.

Section 1A. It is hereby found that: (1) Massachusetts has recently entered a period of severe economic distress, with increasing unemployment and with many areas of the commonwealth's economic base exhibiting an undesirable rate of growth; (2) these developments, while underscor…

Section 2. The following terms as used in this chapter shall have the following meanings, except where the context clearly indicates otherwise:— ''Board'', the board of directors of the Massachusetts Technology Park Corporation. ''Center'', a facility established by the Massachus…

Section 3. There is hereby created a body, politic and corporate, to be known as the Massachusetts Technology Park Corporation hereinafter referred to as the corporation. The corporation is hereby constituted a public instrumentality of the commonwealth and the exercise by the co…

Section 4. The corporation shall have the following powers:— (a) to make, amend and repeal by-laws, rules and regulations for the management of its affairs; (b) to adopt an official seal; (c) to sue and be sued in its own name; (d) to make contracts and execute all instruments ne…

Section 4A. In furtherance of its public, purpose and essential governmental functions, and notwithstanding any general or special law or agreement to the contrary, the corporation shall have the following powers which shall be deemed and construed to be supplemental and addition…

Section 4B. (a) In furtherance of the public purpose and mission of the corporation, and notwithstanding any general or special law or agreement to the contrary, each of the following uses of the physical and technical resources of the center shall be deemed to be the exercise of…

Section 4C. (a) The provisions of section twelve (h) of this chapter shall be deemed to apply to any and all proprietary information received by the corporation. (b) Notwithstanding any other general or special law to the contrary, and in consideration of the essential public fun…

Section 4D. In furtherance of the revised public purpose of the corporation as set forth in section one A of this chapter, the mission of the microelectronics center shall hereinafter be deemed to include the following essential tasks: (a) to continue to support and challenge the…

Section 4F. (a) There is hereby established and set up on the books of the corporation the Massachusetts Research Center Matching Fund, hereinafter referred to as the ''matching fund,'' to which shall be credited the proceeds of any bonds or notes of the commonwealth issued for t…

Section 4G. (a) In order to assist in fostering additional scientific and technology research and development in the state, there is hereby established a fund to be known as the Scientific and Technology Research and Development Matching Grant Fund, hereinafter referred to as the…

Section 4H. (a) In order to grow the cybersecurity industry cluster in the commonwealth and protect against cybersecurity threats, there is hereby established and set up on the books of the corporation the Massachusetts Cybersecurity Innovation Fund, hereinafter referred to as th…