MA S2352

Bill

To establish a Massachusetts Transportation Endowment Fund (MTEF)

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to establish a Massachusetts Transportation Endowment Fund (MTEF). Transportation.

AI Summary

This bill establishes the Massachusetts Transportation Endowment Fund (MTEF), a permanent trust fund designed to provide a dedicated source of capital funding for the expansion and improvement of the state's mass transportation infrastructure, particularly fixed rail lines, stations, and related facilities. The bill requires an annual transfer of at least $200 million to the MTEF, which will operate as an endowment. Once the fund principal exceeds $1 billion, half of the annual contribution can be used for capital projects, while the other half will go towards increasing the endowment principal. Additionally, the bill creates a Capital Project Approval Board to review and prioritize potential projects, and requires annual public reporting on the fund's financial status and decisions.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Jason Lewis (D)*,

Last Action

Accompanied a study order, see S2621 (on 01/24/2022)

Official Document

https://malegislature.gov/Bills/192/S2352

(14 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S2352
Bill	https://malegislature.gov/Bills/192/S2352.pdf

Bill	Bill Name	Last Action	Type
H101	Creating a human services transportation task force	Accompanied a study order, see H5218	Similar To
H2582	Designating certain employees of the Massachusetts Department of Transportation to be in Group 2 of the contributory retirement system	Accompanied a study order, see H4960	Similar To
H3454	To explore alternative funding sources to ensure safe and reliable transportation	Accompanied a study order, see H4944	Similar To
H4916	Relative to Massachusetts’s transportation resources and climate	Reported by H5151	Similar To
S2087	To promote safety, efficiency and accountability in transportation projects through public inspections	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2090	Relative to state transportation project landowner notification	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2314	To update the Massachusetts rideshare program	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2350	To explore alternative funding sources to ensure safe and reliable transportation	Accompanied a study order, see S2621	Similar To
S2436	Relative to public safety and transparency by transportation network companies	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To
S2538	Relative to H-2B worker mobility	Accompanied a study order, see S2758	Similar To
S2621	Order relative to authorizing the joint committee on Transportation to make an investigation and study of certain current Senate documents relative to transportation matters	Discharged to the committee on Senate Rules	Replaced by
S287	Providing opportunity for youth with substance abuse needs	Accompanied a study order, see S2756	Similar To
S5	Proposal for a legislative amendment to the Constitution to provide resources for education and transportation through an additional tax on incomes in excess of one million dollars	Amendment again agreed to - see Senate Roll Call #48 and House Roll Call #38 (Yeas 159 to Nays 41)	Similar To
S836	To support educational opportunity for all	Accompanied a study order, see S2714	Similar To

Bill

Bill Name

Last Action

Type

H101

Creating a human services transportation task force

Accompanied a study order, see H5218

Similar To

H2582

Designating certain employees of the Massachusetts Department of Transportation to be in Group 2 of the contributory retirement system

Accompanied a study order, see H4960

Similar To

H3454

To explore alternative funding sources to ensure safe and reliable transportation

Accompanied a study order, see H4944

Similar To

H4916

Relative to Massachusetts’s transportation resources and climate

Reported by H5151

Similar To

S2087

To promote safety, efficiency and accountability in transportation projects through public inspections

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

Similar To

S2090

Relative to state transportation project landowner notification

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

Similar To

S2314

To update the Massachusetts rideshare program

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

Similar To

S2350

To explore alternative funding sources to ensure safe and reliable transportation

Accompanied a study order, see S2621

Similar To

S2436

Relative to public safety and transparency by transportation network companies

Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session

Similar To

S2538

Relative to H-2B worker mobility

Accompanied a study order, see S2758

Similar To

S2621

Order relative to authorizing the joint committee on Transportation to make an investigation and study of certain current Senate documents relative to transportation matters

Discharged to the committee on Senate Rules

Replaced by

S287

Providing opportunity for youth with substance abuse needs

Accompanied a study order, see S2756

Similar To

Proposal for a legislative amendment to the Constitution to provide resources for education and transportation through an additional tax on incomes in excess of one million dollars

Amendment again agreed to - see Senate Roll Call #48 and House Roll Call #38 (Yeas 159 to Nays 41)

Similar To

S836

To support educational opportunity for all

Accompanied a study order, see S2714

Similar To

Bill > S2352

MA S2352

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary