Bill > H852

This bill appropriates $1,000,000,000 to the Massachusetts Clean Water Trust for a Water Infrastructure Improvement Fund to assist cities and towns with clean water and economic development infrastructure projects. * **Massachusetts Clean Water Trust:** $1,000,000,000 from the General Fund is appropriated to establish a Water Infrastructure Improvement Fund. This fund will be used for maintenance and improvements to municipal drinking water, replacement of lead service lines, and improvements to waste and storm water infrastructure. Local government units must comply with procedures established by the Trust and will be reimbursed within 30 days of submitting a request with certification of actual expenses. * **Bond Issuance:** The state treasurer is authorized to issue and sell bonds totaling up to $1,000,000,000 to fund these expenditures. These bonds will be general obligations of the commonwealth, with principal and interest payable from the General Fund, and must be repaid by June 30, 2053.