801 CMR 56.00: Nonprofit Community Hospitals and Nonprofit Community Health Centers Moral Obligation Bond Financing
801 CMR 56.00 is promulgated, for the purpose of clarifying the process and requirements for approval by the Secretary of Administration and Finance (“A&F Secretary”) of financing for nonprofit community hospitals and nonprofit community health centers pursuant to St.1968, c. 614, §10, as amended by St. 2011, c. 9, §21 (“the Act”).
- The Infrastructure Investment Incentive Program or I-Cubed, will finance significant new public infrastructure improvements necessary to support major new private development.
- Private Activity Bonds (PABs) are tax-exempt bonds issued by public entities to provide low-cost financing for private projects that serve a public purpose.
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