Code of Massachusetts Regulations
429 CMR - EXECUTIVE OFFICE OF LABOR AND WORKFORCE DEVELOPMENT
Title 429 CMR 2.00 - Manufacturing Workforce Training Tax Increment Financing (mwt-tif)
Section 2.06 - MWT-TIF Plan Certification

Universal Citation: 429 MA Code of Regs 429.2

Current through Register 1531, September 27, 2024

(1) The municipality or municipalities shall submit the MWT-TIF Plan to the EACC for approval.

(2) Nine copies of the MWT-TIF Plan shall be submitted to the EACC. On the front cover of each copy the municipality shall clearly identify: the name of the municipality or municipalities submitting the plan; the location of the MWT-TIF Zone; the date of the plan; and the title "Manufacturing Workforce Training Tax Increment Financing Plan."

(3) The MWT-TIF Plan may be certified by the EACC as an approved MWT-TIF Plan if the EACC finds, based upon the information submitted and such additional investigation as the EACC may make, that:

(a) the plan is consistent with the requirements of 429 CMR 2.05;

(b) there is a high likelihood that the MWT-TIF Plan will result in actual economic benefits to the community; and

(c) the MWT-TIF Plan supports the public purpose of encouraging increased industrial and commercial activity in the Commonwealth.

(4) A MWT-TIF Plan may be amended subject to the approval of the EACC, as required by changing circumstances.

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