Massachusetts General Laws
Chapter 40d - Industrial Development of Cities and Towns
Section 17 - Revenue Refunding Bonds

Section 17. A municipality acting by and through an authority is hereby authorized to provide by resolution for the issuance of its revenue refunding bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds, and, if deemed advisable by the issuing municipality acting by and through its authority for either or both of the following additional purposes:—(i) constructing improvements, of any project and (ii) paying all or any part of the cost of any additional project. The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties and obligations of the issuer in respect of the same, shall be governed by the provisions of this chapter in so far as the same may be applicable.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title VII - Cities, Towns and Districts

Chapter 40d - Industrial Development of Cities and Towns

Section 1 - Definitions

Section 2 - Industrial Development Financing Authority; Creation; Consolidated Authorities; Dissolution

Section 3 - Board of Directors of Authority; Appointment; Terms

Section 4 - Removal of Directors; Interested Directors

Section 5 - Officers; Oaths; Records of Proceedings; Quorum; Trade Secrets; Property and Business of Authority

Section 6 - Compensation and Expenses of Directors

Section 7 - Powers of Municipalities

Section 8 - Financing Documents; Excess Payments

Section 9 - Borrowing Money and Issuance of Bonds; Trust Agreements

Section 10 - Requisites for Issuance and Status of Bonds

Section 11 - Proceeds of Bonds

Section 12 - Issuance of Bonds; Conditions

Section 13 - Deposit of Proceeds From Bonds

Section 14 - Rentals and Moneys Payable Under Lease; Payment to Trustee Under Trust Agreement for Repayment of Bonds; Pledges; Trust Agreements

Section 15 - Trust Funds

Section 16 - Bondholders Remedies

Section 17 - Revenue Refunding Bonds

Section 18 - Deposit of Funds; Reports and Financial Statements; Audits

Section 19 - Appropriations

Section 20 - Exemption From Taxation; Leased Property

Section 21 - Solid Waste Disposal Facilities; Financing Authorities; Organization; Consolidation and Dissolution; Bonds; Contracts; Production and Sale of Steam as a By-Product; Applicable Laws; Government Grants or Loans

Section 22 - Pollution Control Facilities; Financing; Findings; Financing Authority; Applicable Laws

Section 23 - Pollution Control, Cogeneration, and Small Power Production Facilities; Grants or Loans