summary
Introduced
07/26/2023
07/26/2023
In Committee
07/26/2023
07/26/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to establish a public higher education facilities modernization and reconstruction trust fund with certain dedicated sales tax revenue. Revenue.
AI Summary
This bill establishes the Public Higher Education Facilities Modernization and Reconstruction Trust Fund, which will be funded by 1% of the state's sales tax revenue. The Massachusetts Public Higher Education Facilities Authority will administer the fund and provide grants to public higher education institutions for the construction, renovation, and maintenance of their facilities. The bill sets priorities for approving projects, requires the Authority to establish standards and procedures for projects, and allows the Authority to issue bonds to finance the grants. The bill also requires the Authority to conduct surveys of higher education facility needs and develop a long-term capital plan.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied a study order, see H4727 (on 06/24/2024)
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/193/H4017 |
| BillText | https://malegislature.gov/Bills/193/H4017.pdf |
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