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MA H509

MA H509
Relative to designated port areas


summary

Introduced
03/29/2021
In Committee
03/21/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to establish a designated port area community fund. Economic Development and Emerging Technologies.

AI Summary

This bill amends the definition of "gateway municipality" in the General Laws to include municipalities that contain or include a designated port area. It also establishes a Designated Port Area Community Fund to be administered by the Massachusetts Development Finance Agency, which will be used to provide economic assistance to properties located within a designated port area. The fund will be credited with any appropriations, grants, gifts, or other monies designated for it, as well as any investment income, and the monies in the fund will not revert to the General Fund at the end of a fiscal year.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

No further action taken (on 01/03/2023)

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