Establishes a Designated Port Area Community Fund to support economic development in designated port areas.
The bill amends the General Laws to create a Designated Port Area Community Fund, administered by the Massachusetts Development Finance Agency. This fund will receive appropriations, grants, gifts, and other designated monies, as well as income from investments. The fund's purpose is to provide economic assistance to properties within designated port areas, ensuring that unexpended funds carry over to the next fiscal year.
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