Bill > S659

This bill establishes a special commission to develop a comprehensive state grant or low-interest loan program specifically designed to help property owners in Massachusetts address flooding risks through structural elevation or property acquisition. The commission will be composed of diverse stakeholders including government officials, legislative members, insurance and lending professionals, and environmental experts, who will collectively examine key program components such as funding sources, eligible expenses, applicant criteria, cost-benefit analysis, and strategies for building climate resilience. The commission will be required to submit a preliminary draft of recommendations by September 1, 2026, and a final detailed program scope with potential legislative drafts by December 1, 2026. The commission's first meeting must occur no later than December 1, 2025, and will be chaired by the secretary of energy and environmental affairs or their designee. The bill aims to create a structured approach to helping property owners mitigate flood risks by providing financial support and developing a strategic, comprehensive program tailored to Massachusetts' specific environmental challenges.

Agriculture and Natural Resources

https://malegislature.gov/Bills/194/S659