Section 1. For the purposes of this chapter, unless the context otherwise requires, the following words shall have the following meanings:—

“Commissioner”, the commissioner of revenue.

“Debt service”, payments of principal and interest upon qualified bonds issued pursuant to this chapter.

“Director”, the director of the bureau of accounts.

“Distributable aid”, distributions to the several cities, towns, and regional school districts under the provisions of section eighteen A and eighteen C of chapter fifty-eight.

“Municipal finance oversight board” or “Board” shall mean a board composed of the attorney general, the state treasurer, the state auditor, and the director of accounts in the department of revenue, or their designees.

“Qualified bonds”, those bonds of a city, town or regional school district authorized and issued in accordance with the Qualified Bond Act.

“Qualified Bond Act”, chapter forty-four A of the General Laws.