Section 49: Limits Sources Of Community Hospital and Community Health Center Capital Reserve Funds

Revenue bonds issued under the provisions of this act shall not be deemed to constitute a debt or liability of the commonwealth or of any political subdivision thereof or a pledge of the faith and credit of the commonwealth or of any such political subdivision, but shall be payable solely from the funds herein provided therefor from revenues. All such revenue bonds shall contain on the face thereof a statement to the effect that neither the commonwealth of Massachusetts nor the authority shall be obligated to pay the same or the interest thereon except from revenues of the project or projects or the portion thereof for which they are issued and that neither the faith and credit nor the taxing power of the commonwealth of Massachusetts or of any political subdivision thereof is pledged to the payment of the principal of or the interest on such bonds. Except as otherwise provided in paragraph (g) of section 10, the issuance of revenue bonds under this act shall not directly, indirectly or contingently obligate the commonwealth or any political subdivision thereof to levy or to pledge any form of taxation therefor or to make any appropriation for payment of those bonds.

Summary: 
Prevents the Commonwealth from raising taxes for the purpose of financing Community Hospital and Community Health Center Capital Reserve Funds.

Section 188 of chapter 240 of the acts of 2010 dissolved HEFA and merged its functions into MassDevelopment.