Bill
Bill > H728
MA H728
Establishing a revolving fund to supplement the funding of waterway projects and coastal protection initiatives
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the funding of waterway projects and coastal protection initiatives. Environment, Natural Resources and Agriculture.
AI Summary
This bill establishes a Coastal Protection and Harbor Maintenance Revolving Fund to provide financial assistance to local government units for debt service obligations or bonds incurred after January 1, 2021, to finance costs of coastal protection and harbor maintenance projects. The Department of Environmental Management is authorized to utilize the appropriations credited to this fund to provide zero or low-interest loans to municipalities for up to 50 percent of the approved costs of such projects. The bill also requires the department to promulgate regulations to define typical projects eligible for assistance and establish a process for municipalities to submit additional proposals for consideration.
Committee Categories
Agriculture and Natural Resources
Sponsors (3)
Last Action
Accompanied a study order, see H5116 (on 11/10/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/H728 |
Bill | https://malegislature.gov/Bills/191/H728.pdf |
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