Current through Register 1537, December 20, 2024
Section 2.06 - MWT-TIF Plan Certification(1) The municipality or municipalities shall submit the MWT-TIF Plan to the EACC for approval.(2) Nine copies of the MWT-TIF Plan shall be submitted to the EACC. On the front cover of each copy the municipality shall clearly identify: the name of the municipality or municipalities submitting the plan; the location of the MWT-TIF Zone; the date of the plan; and the title "Manufacturing Workforce Training Tax Increment Financing Plan."(3) The MWT-TIF Plan may be certified by the EACC as an approved MWT-TIF Plan if the EACC finds, based upon the information submitted and such additional investigation as the EACC may make, that:(a) the plan is consistent with the requirements of 429 CMR 2.05;(b) there is a high likelihood that the MWT-TIF Plan will result in actual economic benefits to the community; and(c) the MWT-TIF Plan supports the public purpose of encouraging increased industrial and commercial activity in the Commonwealth.(4) A MWT-TIF Plan may be amended subject to the approval of the EACC, as required by changing circumstances.