Massachusetts General Laws
Chapter 23g - The Massachusetts Development Finance Agency
Section 14 - Acquisition of Lands

Section 14. Whenever the United States shall give notice that any lands, or any interest therein, are available for disposal or make advertisement for bids with respect to such lands, or such interest, the Agency as successor to the Massachusetts government land bank, may take whatever steps are required by federal law or regulations to acquire such lands, or such interest; provided, however, that the Agency shall, within one year from such notice or such advertisement, make no offer or bid to acquire such lands in competition with that of any municipality or municipalities, or any designee thereof, within which such land lies, unless such offer or bid is necessary, in the judgment of the Agency, to prevent acquisition of such lands, or such interest, other than by such municipality or municipalities, or any designee thereof, or the Agency. Upon the recording of a deed conveying to the Agency all of the interest of the United States of America in and to any lands included within the United States Navy Yard, Boston, Massachusetts, title to which was granted by the commonwealth to the United States of America by and pursuant to chapter 535 of the acts of 1941, all right, title and interest of the commonwealth in and to any such lands shall pass to the Agency.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title II - Executive and Administrative Officers of the Commonwealth

Chapter 23g - The Massachusetts Development Finance Agency

Section 1 - Definitions

Section 2 - Creation; Directors, Officers and Employees; Termination; Trade Secrets

Section 3 - Powers

Section 4 - Development Finance Insurance Fund

Section 5 - Insurance or Reinsurance of Loans; Rates; Approval of Loan

Section 6 - Massachusetts Export Development Fund

Section 7 - Massachusetts Export Development Program; Insurance, Co-Insurance and Loan Guarantees

Section 8 - Issuance of Bonds; Bond Reserve Fund

Section 9 - Investment in Bonds by Public Officers, Public Bodies, Insurance or Banking Institutions

Section 10 - Audits

Section 11 - Marine Seafood Processing Revolving Loan Fund; Separate Accounts

Section 12 - Marine Seafood Processing Revolving Loan Fund; Rules and Regulations Advisory Council; Loan Authorization

Section 13 - Grant and Approval of Loans

Section 14 - Acquisition of Lands

Section 15 - Conveyance of Land to Agency or Boston Redevelopment Authority

Section 16 - Acquisition of Surplus or Blighted Lands; Redevelopment or Incubator Development Plans; Approval

Section 16a - Designations; Walking Track; Tennis Courts

Section 16b - Borrowing of Money

Section 16c - Taking of Land by Eminent Domain

Section 17 - Disposition of Lands; Valuation

Section 18 - Government Land Bank Fund

Section 18a - Liability for Payment of Bonds Issued Under Prior Act

Section 19 - Grants; Financing Transactions; Approval of Applications

Section 20 - Small Business Incubator Facilities; Location Restriction

Section 21 - Application Requirements for Incubator Development Plan, Loans or Grants

Section 22 - Application Approval; Requirements by Incubator Sponsor

Section 23 - Incubator Facilities; Tenant Businesses; Time Limitation

Section 24 - Authorization to Borrow; Issuance of Bonds and Notes

Section 25 - Issuance and Sale of Bonds

Section 26 - Contract Assistance for Debt Service Obligations

Section 27 - Emerging Technology Fund

Section 28 - Advisory Committee; Membership; Terms; Quorum; Reimbursement for Expenses

Section 29 - Debt Obligations

Section 29a - Brownfields Redevelopment Fund

Section 30 - Accounts of Receipts and Expenditures; Annual Report

Section 31 - Rents and Charges for Services or Facilities Furnished or Supplied by Agency

Section 32 - Liability in Contract or Tort

Section 33 - Exemption From Taxation

Section 34 - Annual Report

Section 35 - Building Projects; Contracting or Incurring Obligations for Project Design or Construction

Section 36 - Interests in Land, Mortgages, Liens and Security Interests; Transfer Upon Termination of Agency

Section 37 - Monies Credited to Government Land Bank Fund; Reversion Upon Termination of Agency

Section 38 - Books, Papers, Records, Documents and Equipment; Transfer Upon Termination of Agency

Section 39 - Agreements, Contracts, Leases and Other Obligations; Performance and Enforcement Upon Termination of Agency

Section 40 - Proceedings and Prosecutions Pending Upon Termination of Agency

Section 41 - Incubator Program Fund

Section 42 - Massachusetts Cultural Facilities Fund

Section 43 - Cultural Facilities Fund Advisory Committee; Members; Review of Applications for Grant and Loans

Section 44 - Application of Other Laws to the Agency

Section 45 - Commonwealth Advanced Manufacturing Futures Program; Grants and Loans; Performance Evaluations; Annual Reports

Section 46 - Transformative Development Fund

Section 47 - Maritime Piers Repair and Rehabilitation Program