Massachusetts General Laws ch. 40W sec. 4 – Contracts for performance of core administrative functions
[ Text of section effective until May 30, 2023. For text effective May 30, 2023, see below.]
Terms Used In Massachusetts General Laws ch. 40W sec. 4
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Section 4. The corporation shall contract with another public authority for the performance by that authority of core administrative functions, as determined by the secretary of housing and economic development which may include, but shall not be limited to, human resources, financial management, information technology, legal, procurement and asset management, to minimize the administrative costs and expenses of the corporation.
Chapter 40W: Section 4. Contracts for performance of core administrative functions
[ Text of section as amended by 2023, 7, Sec. 195 effective May 30, 2023. See 2023, 7, Sec. 298. For text effective until May 30, 2023, see above.]
Section 4. The corporation shall contract with another public authority for the performance by that authority of core administrative functions, as determined by the secretary of economic development which may include, but shall not be limited to, human resources, financial management, information technology, legal, procurement and asset management, to minimize the administrative costs and expenses of the corporation.