An Act relative to industrial development finance authorities

This bill amends the laws governing industrial development finance authorities in Massachusetts to expand their ability to fund various community projects. It allows these authorities to issue bonds for facilities built before official approval and reclassifies rental housing and transient guest facilities as industrial enterprises eligible for financing. The legislation also grants municipalities sole authority to issue bonds for projects within their borders and removes specific regulatory requirements related to utility certificates and the MIFA program. Additionally, the bill adjusts language regarding bond trustees, funding deposits, and terminology throughout the relevant state statutes.