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MA H3465

MA H3465
Relative to contract assistance for central artery debt of the Massachusetts Bay Transportation Authority


summary

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

Introduced Session

192nd 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 provide additional contract assistance from the Commonwealth Transportation Fund to the Massachusetts Bay Transportation Authority (MBTA) for the debt service obligations of the MBTA that originated from the Central Artery obligations of the Commonwealth. The bill requires the state treasurer to enter into an agreement with the MBTA to provide this contract assistance, which the MBTA can then pledge as security for its debt obligations. The Secretary of Administration and Finance is required to annually calculate the portion of MBTA debt that originates from the Central Artery obligations of the Commonwealth.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Accompanied a study order, see H4944 (on 07/11/2022)

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