Tag Archives: Massachusetts General Laws

ILN Today Post

DAVIS MALM ATTORNEYS DRAFT NEW CHAPTER OF THE MASSACHUSETTS GENERAL LAWS

Boston, MA, August 20, 2012 – Davis Malm shareholder William F. Griffin, Jr. and Davis Malm founder Harold R. Davis, now Of Counsel to the firm, were instrumental in drafting a new chapter of the Massachusetts General Laws, which Governor Patrick signed into law on August 7, 2012 as a part of “An Act Relative to Infrastructure Investment, Enhanced Competitiveness and Economic Growth in the Commonwealth.” New Chapter 23L provides municipalities with a local option to approve tax-exempt “special assessment financing” of public infrastructure needed to support private development or to upgrade existing public works facilities. This new financing option has the potential to attract billions of dollars in private investment for local infrastructure without burdening state and municipal budgets.

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