Current through Register 1527, August 2, 2024
Section 3.03 - Purposes and Objectives of the FundThe public purposes and objectives of the Fund are set forth in St. 1998, c. 463 and include, but are not limited to, the following:
(a) to encourage economic development in Economically Distressed Areas of the Commonwealth by providing Loans and Grants to finance Environmental Site Assessments and Environmental Cleanup Actions;(b) to defray costs incurred in the administration of the Fund; and(c) to purchase with funds not immediately required for use pursuant to 946 CMR 3.03(1) and (2), such securities as may be lawful investments for fiduciaries in the Commonwealth.