Bill

Bill > H4094


MA H4094

Authorizing the county of Dukes County to borrow funds to pay costs of acquiring land, constructing buildings and other facilities as the county shall require, making capital improvements to county facilities, acquiring items of capital equipment, and for the payment of all other costs incidental and related thereto


summary

Introduced
09/19/2019
In Committee
04/30/2020
Crossed Over
06/18/2020
Passed
06/22/2020
Dead
Signed/Enacted/Adopted
06/30/2020

Introduced Session

191st General Court

Bill Summary

By Mr. Fernandes of Falmouth, a petition (subject to Joint Rule 12) of Dylan A. Fernandes that the county of Dukes County be authorized to borrow funds to pay costs of acquiring land and for certain other capital improvements. Municipalities and Regional Government.

AI Summary

This bill authorizes the county of Dukes County to borrow up to $35 million to pay for the costs of acquiring land, constructing buildings and other facilities, making capital improvements to county facilities, and acquiring items of capital equipment. The county treasurer, with the approval of the county commissioners, can issue bonds or notes for these purposes, which will be designated as the "Dukes County Capital Improvement Loan, Act of 2019." The bonds or notes will have a maximum maturity of 30 years and can be sold at public sale. The bill exempts the county from certain provisions of state law regarding the issuance of bonds and notes.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Signed by the Governor, Chapter 107 of the Acts of 2020 (on 06/30/2020)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...