SENATE DOCKET, NO. 1179 FILED ON: 1/20/2011 SENATE . . . . . . . . . . . . . . No. 1024 The Commonwealth of Massachusetts _________________ PRESENTED BY: James B. Eldridge _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act authorizing municipal audits of 40B developments. _______________ PETITION OF: Name: | District/Address: | James B. Eldridge |
[District]
| Jennifer E. Benson | 37th Middlesex | Cory Atkins | 14th Middlesex |
SENATE DOCKET, NO. 1179 FILED ON: 1/20/2011 SENATE . . . . . . . . . . . . . . No. 1024 By Mr. Eldridge, petition (accompanied by bill, Senate, No. 1024) of Eldridge, Atkins and Benson for legislation to authorize municipal audits of 40B developments [Joint Committee on Municipalities and Regional Government]. |
The Commonwealth of Massachusetts
An Act authorizing municipal audits of 40B developments.
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 40b of the General Laws, as so appearing, is hereby amended by inserting after the first paragraph the following paragraph:- “A municipality, as a party of interest, through its Board or its Chief Executive Officer has the right to review the pro forma or other project financial statements. The municipality may review the pro forma as part of the site/project eligibility process and as part of the comprehensive permit process. At the completion of the project the municipality may examine in detail the cost certification and the Developer’s support for the actual costs reflected in the audit examination.” |
