Mass. Gen. Laws ch. 121A – Urban Redevelopment Corporations | Midpage

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Massachusetts General Laws

Chapter 121A

Mass. Gen. Laws ch. 121A

Urban Redevelopment Corporations

1Definitions 2Declaration of public necessity; acquisition and regulation of private property 3Establishment of corporations to carry out projects; number of projects for each corporation; co-operative corporations 4Rules and regulations of housing boards; standards for project plans; variations 5Application for approval of project; contents 6Project approval; procedure 6AContracts; contents; filing; inspection; approval; collection of amounts payable 6BNotice of hearing 6CAppeals; procedure 7Borrowing money to finance project; capital stock subscriptions and sale; stocks, bonds or other securities of corporation as legal investments 7APurchase or lease of real estate by urban redevelopment corporation from housing authority; approval 8Inspection of buildings; proceedings upon violation of rules and regulations with respect to construction and financing; injunction 9Limitation in repayment of investment in stock; limitations of dividends 10Exemption from taxation and assessments; valuation; appeals; annual payment; additional tax and project approval procedure 11Acquisition and sale of land or interests in land; approval 12Receipt of loans and grants from the federal government and other sources; borrowing money; issuance of notes and indebtedness 13Application to change type and character of buildings on project; approval 14Contracts with cities or towns relative to public and private ways, sidewalks, parks and other public improvements; contracts for sale, lease or exchange of real estate 15Application of receipts in excess of authorized expenditures 16Rights, privileges, obligations and duties of corporation after period of organization 16ASuccessor in interest to corporation; options; filing of certificate 18Authority of insurance companies to undertake projects; exceptions 18AAuthority of savings banks and co-operative banks to undertake projects; limitations; loans; association of banks 18BAuthority of corporation to take over existing project; application; changes in project; certificate of board 18CAuthority of persons to undertake or acquire and carry on urban redevelopment projects 18DCondominium projects; regulations 19Partial invalidity