Section 6. Any city, town or regional school district which has been authorized by the board to issue qualified bonds may issue temporary notes in anticipation of the issuance of the qualified bonds to the extent permitted by sections seventeen and seventeen A of chapter forty-four; provided, however, that such notes shall be subject to such additional terms or conditions as may be fixed or required by the board to ensure that funds are borrowed only as needed to meet required payments for construction, development, extension, improvement, or acquisition of the facilities or improvements to be financed by the issuance of the qualified bonds.
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