summary
Introduced
01/22/2019
01/22/2019
In Committee
09/19/2019
09/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to authorize regional transit authorities to establish enterprise funds. Transportation.
AI Summary
This bill authorizes regional transit authorities in Massachusetts to establish enterprise funds to finance and operate specific transportation projects. The enterprise funds can be used to pay for the construction, operation, and maintenance of the approved projects, as well as related infrastructure improvements. The revenues generated by these projects will be credited to the enterprise funds and can be used to service any bonds issued to finance the projects, which are considered special obligations of the authority rather than general obligations of the Commonwealth. The bill also exempts the enterprise fund expenses and revenues from the authority's net cost of service calculations, providing more financial flexibility. The authority is required to report on the performance of the enterprise fund projects to the state legislature and transportation department.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (15)
William Crocker (R),
Julian Cyr (D),
Angelo D'Emilia (R),
Carolyn Dykema (D),
Kim Ferguson (R),
Susan Gifford (R),
Anne Gobi (D),
Stephen Hay (D),
Kate Hogan (D),
Steven Howitt (R),
Louis Kafka (D),
David Linsky (D),
Mike Moore (D),
Sarah Peake (D),
Todd Smola (R),
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 09/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3106 |
| Bill | https://malegislature.gov/Bills/191/H3106.pdf |
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