Section 10. If as of the last day of June in any year there was any net cost of service, an authority shall notify the state treasurer of the amount of such net cost of service and all other facts required by the treasurer in order to proceed in accordance with the provisions of this […]
Section 12. The state auditor shall make an audit of the accounts of each authority, in accordance with generally accepted government auditing standards, once every 3 years and as often as the state auditor determines is necessary and make a report thereon to the secretary, the governor and the general court. In making such audits, […]
Section 13. An authority and all its real and personal property shall be exempt from taxation and from betterments and special assessments; and an authority shall not be required to pay any tax, excise or assessment to or for the commonwealth or any of its political subdivisions; nor shall an authority be required to pay […]
Section 14. An authority described in section two of this chapter shall be deemed to be established (a) after twenty per cent of the votes on the advisory board have recorded themselves in favor of calling a meeting to vote on the establishment of the authority, (b) notice of the meeting has been sent by […]
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. 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. 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. 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 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 2. The territory within and the inhabitants of each of the following groups of cities and towns may, upon compliance with section fourteen, become a body politic and corporate and a political subdivision of the commonwealth under the name preceding each group. Southeastern Regional Transit Authority. The cities of New Bedford and Fall River, […]
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. 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. 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 23. The commonwealth, acting by and through the executive office for administration and finance, may enter into contract or contracts with the authorities created pursuant to this chapter providing that fifty per cent of the net cost of service of each authority shall be paid by the commonwealth, and shall not be assessed upon […]
Section 24. Section ten of chapter forty A, sections twenty-eight, fifty-nine to sixty-four, inclusive, eighty-three to eighty-five, inclusive, and ninety-two to one hundred and four, inclusive, of chapter one hundred and fifty-nine, and sections eighty-nine, one hundred and three and one hundred and thirteen of chapter one hundred and sixty-one, shall apply to the transportation […]
Section 25. Nothing in this chapter shall be deemed to authorize or permit any authority established by this chapter to directly operate any mass transportation service.
Section 26. The regional transit authorities shall establish a stabilization fund into which the authorities shall deposit revenues in excess of expenditures. Said stabilization fund shall have a fund balance no greater than 15% of total revenues for all regional transit authorities for the fiscal year most recently ended. Monies from said fund shall be […]
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 3. Any city or town, or group or combination of cities or towns, other than a city or town included in the Massachusetts Bay Transportation Authority in which the Authority operates a fixed bus service, may, upon compliance with this section and with the approval of a city manager in the case of a […]
Section 4. The affairs of an authority shall be managed by an administrator who shall be appointed by and serve at the pleasure of the advisory board of the authority established pursuant to section five; provided, however, that the administrator shall not be appointed until after the board has provided the notification required by clause […]
