Bill > S955

This bill modifies Section 5 of Chapter 44B of the General Laws regarding the use of community preservation funds by local public housing authorities. Currently, the law restricts the use of these funds for certain purposes. The bill adds a specific provision that allows local public housing authorities, which are established under Chapter 121B, to use community preservation funds exclusively for extraordinary maintenance, equipment replacement, betterments, and additions. This means these housing authorities will have a more targeted approach to using community preservation funds, focusing on significant improvements and replacements rather than routine maintenance. The change provides local public housing authorities with more flexibility in managing and upgrading their properties using community preservation funds, while still maintaining restrictions on general maintenance spending.

Budget and Finance, Housing and Urban Affairs

https://malegislature.gov/Bills/194/S955