Bill > H3368

This bill establishes a special 13-member commission to investigate the feasibility of creating a municipal building finance authority in Massachusetts. The commission will be composed of legislators from both the Senate and House of Representatives (including minority party members), along with designees from various state agencies like the Treasury, Administration and Finance, Public Safety, Elder Affairs, and Housing and Economic Development, plus a representative from the Massachusetts Municipal Association. The commission's key responsibilities include examining state and federal reports, identifying potential funding sources for municipal building projects (such as grants and loans), exploring innovative financing approaches for municipal facilities like council-on-aging centers, public safety buildings, and town halls, and determining the potential powers of a municipal building finance authority. These powers could include establishing grant programs, providing technical assistance to municipalities and contractors, conducting needs surveys for municipal facility construction and maintenance, and recommending necessary legislation. The commission is required to complete its study and submit a comprehensive report with recommendations and draft legislation to the state legislature by December 31, 2023.

Government Affairs

https://malegislature.gov/Bills/194/H3368