Massdevelopment Hefa Trust (MassDev)

The trust may provide funds (I) for the benefit of Massachusetts development finance agency (massdevelopment), a quasi-public entity, to reduce charges that it otherwise would impose on certain institutions using its services and (II) for the benefit of certain charitable organizations and governmental entities that the former Massachusetts health and educational facilities authority, prior to its merger by law into massdevelopment, was authorized by statute to assist.