§ 1 Definitions
§ 2 Agreement provisions authorized
§ 3 Additional powers of member domestic electric utilities
§ 4 Additional powers of member foreign electric utilities
§ 5 Acquisition or ownership of interests in electric power facilities; tenancy in common; surrender or waiver of right of partition; validity and enforceability
§ 6 Contracts; term; effect of termination of pool or agreement; exclusion from municipal debt for borrowing purposes
§ 7 Assessment and taxation of foreign electric utilities
§ 8 Taxation of municipal electric departments owning interests in electric power facilities; definitions; exemptions; payments in lieu of taxes; application of other laws
§ 9 Application of other laws to pool members; rate base factors
§ 10 Foreign electric utilities; ownership or operation of electric power facilities in commonwealth; notice, annual report and information to department; financing; application of laws
§ 11 Revenue bonds for project costs; interim receipts or temporary bonds; issuance; agreement for consolidation of indebtedness by participating municipalities authorized
§ 12 Borrowing in anticipation of bonds; temporary notes; issuance by city or town
§ 13 Resolutions or trust agreements securing bonds or notes; provisions; limitations; deposit, investment and application of proceeds; pledges
§ 14 Proceeds of bonds or notes issued and moneys governed by trust agreement or resolution; deposit or investment
§ 15 Bonds and notes issued; payment; liability of city or town limited; exclusion from municipal debt for borrowing purposes
§ 16 Receipts of city or town under this chapter to be held and applied in trust
§ 17 Actions and proceedings upon bonds and notes
§ 18 Bonds and notes issued as legal investments
§ 19 Bonds and notes deemed investment securities
§ 20 Bonds and notes issued; transfer, income or profit; tax exemption
§ 21 Refunding bonds; issuance authorized; restrictions
§ 22 Bonds and notes; issuance authorized
§ 23 Zoning regulations; exemption of facilities used by electric utilities
§ 24 Transmission lines of electric utilities; petition for authority to construct, use or take rights of way by eminent domain authorized
§ 25 Ownership or control of domestic electric utilities by foreign corporations; applicability of corporation law
§ 26 Municipal electric departments; application of chapter
§ 27 Construction of chapter

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Terms Used In Massachusetts General Laws > Chapter 164A - New England Power Pool

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Personal property: All property that is not real property.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC