Bill > H4413

This bill provides specific authorization for the state treasurer to issue bonds with extended terms, allowing for bonds to be issued under two different sections of a previous act (chapter 17 of the acts of 2025) with a maximum term of 30 years and a final payoff date of June 30, 2065. The bill is structured as an emergency measure, which means it is intended to take effect immediately to address urgent financial needs of the Commonwealth. Both sections of the bill (Sections 1 and 2) contain identical language, specifying that these bond issuances can be made notwithstanding any conflicting general or special laws, and are aligned with the governor's recommendations made in a message to the general court on August 12, 2025, as referenced in section 3 of Article LXII of the Constitutional Amendments. The extended 30-year term and the 2065 payoff date provide the state treasurer with significant flexibility in managing long-term debt financing for the Commonwealth.

Budget and Finance

https://malegislature.gov/Bills/194/H4413