99-626 C.M.R. ch. 1, § 4 - Community Industrial Buildings Program Administration

Current through 2022-14, April 6, 2022

1. Operating expenses of the Authority must be charged to the program and all repayments of loans must be credited to the fund. Expenses of the authority that arise out of assistance to municipalities and local development corporations under the Community Industrial Building Program may be charged against the proceeds of the sale or lease of community industrial buildings constructed under this section.
2. In order to protect the integrity of the program, the Authority may charge borrowers such administration, servicing and document preparation fees as the Authority deems reasonable.

Notes

99-626 C.M.R. ch. 1, § 4

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