Massachusetts Statutes

§ 16 — Acquisition of surplus or blighted lands; redevelopment or incubator development plans; approval

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title II EXECUTIVE AND ADMINISTRATIVE OFFICERS OF THE COMMONWEALTH·Ch. 23G THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
Section 16. The Agency may take possession of or acquire blighted lands or incubator development lands or an interest therein or make loans, loan guarantees or grants for the redevelopment of blighted lands only after a public hearing and a determination by the Agency that such lands are decadent, substandard or blighted open areas.The Agency may dispose of federal surplus, blighted or incubator development lands or an interest therein only after approval of a redevelopment plan for federal surplus or blighted lands, or an incubator development plan for incubator development lands by the board of directors of the Agency, which approval shall not occur until a public hearing is held on said redevelopment or incubator development plan and provided such lands shall be developed or redeveloped

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