Bill
Bill > H850
MA H850
MA H850Establishing a revolving fund to supplement the funding of waterway projects and coastal protection initiatives
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the funding of waterway projects and coastal protection initiatives. Environment, Natural Resources and Agriculture.
AI Summary
This bill establishes a Coastal Protection and Harbor Maintenance Revolving Fund to provide financial assistance to local government units for debt service obligations or bonds incurred after January 1, 2021, to finance the costs of coastal protection and harbor maintenance projects. The Department of Environmental Management is authorized to utilize the appropriations credited to this fund to provide zero or low-interest loans to municipalities, covering up to 50% of the approved costs of such projects. The bill also requires the Department to promulgate regulations to define typical approved projects and provide a process for municipalities to submit additional proposals for consideration.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Accompanied a study order, see H5041 (on 08/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H850 |
| Bill | https://malegislature.gov/Bills/192/H850.pdf |
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