§ 1 Definitions
§ 2 Application to qualify bonds; investigation; costs
§ 3 Resolution of board to authorize qualified bonds; release
§ 4 Authorization to issue bonds; time for adoption of resolution
§ 5 Recital of issuance pursuant to this act; maturity date
§ 6 Temporary notes
§ 7 Certification to state treasurer; payment of debt service; costs assessed
§ 8 Covenant by commonwealth
§ 9 Certification conclusive as to amount payable; estoppel
§ 10 Obligation to appropriate or levy taxes to pay bonds when due; rules and regulations
§ 11 Bonds for construction, etc. of property
§ 11A Covenants contained in proceedings authorizing issuance of bonds
§ 12 Commonwealth not to act as pledge or surety
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Massachusetts General Laws > Chapter 44A - Qualified Bond Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Interests: includes any form of membership in a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.