Section 19. Any municipality may appropriate money for the benefit of an authority for organizational expenses, and for operating expenses and to transfer for use by any such authority, with or without consideration, any interest in real or personal property or interest therein for facilities, not directly related to a particular project or projects. Any municipality may appropriate money for planning and other preliminary expenses for a particular project or projects; provided, however, that such municipality shall be reimbursed from the proceeds of bonds issued to finance such project for all such advances.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 40d - Industrial Development of Cities and Towns
Section 3 - Board of Directors of Authority; Appointment; Terms
Section 4 - Removal of Directors; Interested Directors
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 16 - Bondholders Remedies
Section 17 - Revenue Refunding Bonds
Section 18 - Deposit of Funds; Reports and Financial Statements; Audits
Section 20 - Exemption From Taxation; Leased Property
Section 22 - Pollution Control Facilities; Financing; Findings; Financing Authority; Applicable Laws
Section 23 - Pollution Control, Cogeneration, and Small Power Production Facilities; Grants or Loans