Code of Massachusetts Regulations
946 CMR - MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
Title 946 CMR 3.00 - Brownfields Redevelopment Fund
Section 3.03 - Purposes and Objectives of the Fund
Universal Citation: 946 MA Code of Regs 946.3
Current through Register 1531, September 27, 2024
The public purposes and objectives of the Fund are set forth in St. 1998, c. 463 and include, but are not limited to, the following:
(a) to encourage economic development in Economically Distressed Areas of the Commonwealth by providing Loans and Grants to finance Environmental Site Assessments and Environmental Cleanup Actions;
(b) to defray costs incurred in the administration of the Fund; and
(c) to purchase with funds not immediately required for use pursuant to 946 CMR 3.03(1) and (2), such securities as may be lawful investments for fiduciaries in the Commonwealth.
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