MA S579

Bill

Establishing the Massachusetts infrastructure bank

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish the Massachusetts infrastructure bank. Financial Services.

AI Summary

This bill establishes the Massachusetts Infrastructure Bank, a state-chartered financial institution that can accept deposits from public and quasi-public entities, and make loans and issue bonds to fund critical infrastructure projects in cities, towns, and state agencies across Massachusetts. The bank is governed by a 9-member board of directors and receives advisory input from an 11-member board of advisors, both with representatives from various sectors. The bank is capitalized with an initial investment of $50 million from the Commonwealth, which will also deposit an additional $350 million in cash, cash equivalents, or short-term deposits. The bank is prohibited from competing with other Massachusetts banks for retail, mortgage, or commercial loans, and will not offer individual or commercial products to the general public.

Committee Categories

Business and Industry

Sponsors (12)

Mike Barrett (D), Michael Brady (D), Mike Connolly (D), Sal DiDomenico (D), Jamie Eldridge (D), Nika Elugardo (D), Sean Garballey (D), Mary Keefe (D), Jack Lewis (D), Jason Lewis (D), Denise Provost (D), Tom Stanley (D),

Last Action

Accompanied a study order, see S2543 (on 02/18/2020)

Official Document

https://malegislature.gov/Bills/191/S579

(14 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S579
Bill	https://malegislature.gov/Bills/191/S579.pdf

Bill	Bill Name	Last Action	Type
H1220	Relative to breaking generational cycles of poverty	Accompanied a study order, see H5125	Similar To
H130	Establishing a special commission to study women and homelessness	Accompanied a new draft, see H4490	Similar To
H2069	To establish the Massachusetts prisoner bone marrow donation program	Accompanied a study order, see H5117	Similar To
H437	Relative to the safety of schools, residences, and public assemblies	Accompanied a new draft, see H4426	Similar To
H868	Establishing a commission on livestock shelter requirements	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
S2022	To establish a Massachusetts Public Arts Program	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
S2254	Establishing the Office of Outdoor Recreation	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2277	Establishing Arbor and Bird days	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S2404	Promoting healthy soils for reducing greenhouse gases and the effects of climate change in the commonwealth	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2422	Relative to plastic bag reduction	Read; and referred to the committee on House Rules	Similar To
S2543	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues	Discharged to the committee on Senate Rules	Replaced by
S484	Establishing the Office of Outdoor Recreation	Accompanied a new draft, see S2254	Similar To
S493	Re-establishing the Clean Environment Fund	Accompanied a study order, see S2540	Similar To
S92	Establishing the Community Non-Profit Investment and Grant Program	Accompanied a study order, see S2533	Similar To

Bill

Bill Name

Last Action

Type

H1220

Relative to breaking generational cycles of poverty

Accompanied a study order, see H5125

Similar To

H130

Establishing a special commission to study women and homelessness

Accompanied a new draft, see H4490

Similar To

H2069

To establish the Massachusetts prisoner bone marrow donation program

Accompanied a study order, see H5117

Similar To

H437

Relative to the safety of schools, residences, and public assemblies

Accompanied a new draft, see H4426

Similar To

H868

Establishing a commission on livestock shelter requirements

Bill reported favorably by committee and referred to the committee on House Ways and Means

Similar To

S2022

To establish a Massachusetts Public Arts Program

Bill reported favorably by committee and referred to the committee on House Ways and Means

Similar To

S2254

Establishing the Office of Outdoor Recreation

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S2277

Establishing Arbor and Bird days

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S2404

Promoting healthy soils for reducing greenhouse gases and the effects of climate change in the commonwealth

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S2422

Relative to plastic bag reduction

Read; and referred to the committee on House Rules

Similar To

S2543

Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues

Discharged to the committee on Senate Rules

Replaced by

S484

Establishing the Office of Outdoor Recreation

Accompanied a new draft, see S2254

Similar To

S493

Re-establishing the Clean Environment Fund

Accompanied a study order, see S2540

Similar To

S92

Establishing the Community Non-Profit Investment and Grant Program

Accompanied a study order, see S2533

Similar To

Bill > S579

MA S579

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (12)

Last Action

Official Document

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