Section 12. Nothing in this chapter shall be construed to pledge the credit and assets of the commonwealth to the support of bonds issued pursuant to this chapter or to guarantee payment or stand as surety for the payment of bonds pursuant to this chapter.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 44a - Qualified Bond Act
Section 2 - Application to Qualify Bonds; Investigation; Costs
Section 3 - Resolution of Board to Authorize Qualified Bonds; Release
Section 4 - Authorization to Issue Bonds; Time for Adoption of Resolution
Section 5 - Recital of Issuance Pursuant to This Act; Maturity Date
Section 7 - Certification to State Treasurer; Payment of Debt Service; Costs Assessed
Section 8 - Covenant by Commonwealth
Section 9 - Certification Conclusive as to Amount Payable; Estoppel
Section 10 - Obligation to Appropriate or Levy Taxes to Pay Bonds When Due; Rules and Regulations
Section 11 - Bonds for Construction, Etc. of Property
Section 11a - Covenants Contained in Proceedings Authorizing Issuance of Bonds