Code of Massachusetts Regulations
801 CMR - EXECUTIVE OFFICE FOR ADMINISTRATION AND FINANCE
Title 801 CMR 51.00 - Generating New State Tax Revenues And Local Tax Revenues By Stimulating Sustainable Economic Development Through Infrastructure Improvements
Section 51.16 - Final Approval

If the criteria and requirements for an Economic Development Proposal set forth in St. 2006, c. 293, §§ 5 through 12, as amended by St. 2008, c. 129, §§ 2 through 17 and St. 2012, c. 238, §§ 60 through 63, and in 801 CMR 51.00 are satisfied, the Secretary may approve and certify the Economic Development Proposal by filing a certificate with the Department, the Agency and the Treasurer declaring the Economic Development Proposal to be a certified Economic Development Proposal. If the Economic Development Project is a Phased Project, the Secretary's approval and certification shall clearly state the phase or phases of the Economic Development Project for which such approval and certificate relate. Any approval and certification of an Economic Development Proposal shall be conditioned upon execution of the related Infrastructure Development Assistance Agreement in form consistent with St. 2006, c. 293, §§ 5 through 12, as amended by St. 2008, c. 129, §§ 2 through 17 and St. 2012, c. 238, §§ 60 through 63, and 801 CMR 51.00 and otherwise satisfactory to the Secretary and may be subject to any other conditions the Secretary determines to be necessary or desirable.

The Secretary reserves the right, in the Secretary's sole discretion, to waive any of the criteria or requirements for approval of an Economic Development Proposal stated in 801 CMR 51.00 that are not statutorily required by St. 2006, c. 293, §§ 5 through, as amended by St. 2008, c. 129, §§ 2 through 17 and St. 2012, c. 238, §§ 60 through 63, and the Secretary reserves the right to reject any Economic Development Proposal.