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Bill > H3021


MA H3021

Relative to contract assistance for central artery debt of the Massachusetts Bay Transportation Authority


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to contract assistance for Central Artery debt of the Massachusetts Bay Transportation Authority. Transportation.

AI Summary

This bill amends the existing law to require the state treasurer to enter into an agreement with the Massachusetts Bay Transportation Authority (MBTA) to provide contract assistance from the Commonwealth Transportation Fund to cover the MBTA's debt service obligations that were originally derived from the Central Artery obligations of the Commonwealth. This contract assistance agreement will ensure the Commonwealth's full faith and credit is pledged to support the payment of the MBTA's debt obligations related to the Central Artery project.

Committee Categories

Transportation and Infrastructure

Sponsors (7)

Last Action

Accompanied a study order, see H4772 (on 06/08/2020)

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