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By Mr. Eldridge of Acton, petition (accompanied by bill, House, No. 3858) of James B. Eldridge relative to excess profits for developers of low and moderate income housing. Housing. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Mr. Eldridge of Acton, petition (accompanied by bill, House, No. 3858) of James B. Eldridge relative to excess profits for developers of low and moderate income housing. Housing. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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An Act relatve to developers of low and moderate income housing |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 21 of chapter 40 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding the following sentence.:-
No person who has been found to have earned a profit in excess of the legal limitations, in a law suit shall not be able to file an application for a period of 5 years from the date of such finding.