Section 27 – Regional Transit Authority Council
Section 27. There shall be a regional transit authority council for the purposes of coordination and sharing information and best practices in matters of security and public safety planning and preparedness, service delivery, cost savings, and administrative efficiencies. Members of the council shall include the administrator of each authority established under section 14. The secretary […]
Section 15 – City or Town Assessed for Net Cost of Service; Ballot Question Upon Continuation of Membership; Votes
Section 15. Any city or town which is a member of an authority may place upon the official ballot at any biennial or regular or special city election or annual or special town election the following question: ”Shall this (city, town) continue to be a member of the (name) (name) Regional Transit Authority?” Such question […]
Section 16 – Conflict of Regulatory Powers; Resolution by Department of Telecommunications and Energy
Section 16. In the event of any conflict between the regulatory powers and duties of the department of telecommunications and energy in respect to mass transportation service within an area, the department of telecommunications and energy shall resolve such dispute and exercise such powers as it deems required in the particular instance.
Section 17 – Bonds; Issuance Authorized; Limitations; Terms; Requirements; Conditions; Rules and Regulations for Assistance to Private Companies; Disbursement of Proceeds
Section 17. An authority is hereby authorized to provide by resolution at one time or from time to time for the issue of bonds of the authority for any one or more of the following purposes: (1) To acquire by purchase or otherwise, plan, design, construct, reconstruct, alter, recondition and improve for lease to any […]
Section 18 – Trust Agreement to Secure Bonds
Section 18. In the discretion of the authority such bonds shall be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within the commonwealth. Either the resolution providing for the issue of bonds or such […]
Section 19 – Bonds Issued Under This Chapter; Authorized Investments; Use for Legal Deposits
Section 19. Bonds issued under this chapter are hereby made securities in which all public officers and public bodies of the commonwealth and its political subdivisions, all insurance companies, and savings banks, co-operative banks and trust companies in their banking departments, banking associations, investment companies, executors, trustees and other fiduciaries, and all other persons whatsoever […]
Section 20 – Rights of Bondholders and Trustee; Enforcement Proceedings
Section 20. Any holder of bonds issued under the provisions of this chapter or of any of the coupons appertaining thereto, and the trustee under the trust agreement, if any except to the extent the rights herein given may be restricted by such resolution or trust agreement, may, either at law or in equity, by […]
Section 21 – Interest Bearing or Discounted Notes and Bond Anticipation Notes Authorized; Limitations; Disposition of Proceeds; Payment
Section 21. An authority is authorized to provide by resolution at one time or from time to time for the issue of interest bearing or discounted notes for the purposes and in the amounts that bonds may be issued. The notes shall be payable within three years from their dates, but the principal of and […]
Section 22 – Federal Assistance
Section 22. Each authority is authorized and directed from time to time to take all necessary action to secure any federal assistance which is or may become available to the commonwealth or any of its subdivisions for any of the purposes of this chapter. If any federal law, administrative regulation or practice requires any action […]
Section 7 – Separate Units of Mass Transportation Facilities and Equipment; Authorization; Unit Lease Arrangements; Financing; Bonds
Section 7. In addition to the powers granted to the authority under section six and all other powers granted by law, the authority shall have the power to establish on a self-liquidating basis one or more separate units of mass transportation facilities and equipment. In establishing such separate units, the authority may enter into one […]