MassDevelopment and Chapter 23-L June 22, 2016

MassDevelopment Commonwealth’s development agency. Works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth throughout Massachusetts. Local Infrastructure Development Program (Chapter 23-L): Bonds issued by MassDevelopment and debt service paid through special assessments levied on private property within development zone established by Town. Used to finance public infrastructure. Special obligations payable solely from infrastructure assessments. Not a debt of the commonwealth or municipality, payable solely as special obligations collected from infrastructure assessments.

MassDevelopment Contact: John Markowitz 99 High Street Boston, MA 02110 617-330-2085 jmarkowitz@massdevelopment.com