summary
Introduced
01/20/2015
01/20/2015
In Committee
09/28/2015
09/28/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to further regulate expenditures for mortgages from the Community Preservation Trust Fund. Revenue.
AI Summary
This bill aims to regulate how money from the Community Preservation Trust Fund is spent, specifically concerning mortgages. It proposes to exempt third and fourth mortgages issued by public agencies, such as municipalities or the Massachusetts Housing Partnership, from certain surcharges, which are fees collected to fund community preservation projects. If the fund's balance is insufficient to provide a 50% matching grant to cities and towns for these projects, the commissioner of revenue will increase these surcharges, but with limits on how much can be charged for specific filings like municipal lien certificates. If even the maximum surcharges are not enough to fund the 50% match, the matching grant will be reduced. The bill also mandates that any changes to these surcharges must be announced at least 60 days in advance.
Committee Categories
Budget and Finance
Sponsors (76)
Cynthia Creem (D)*,
Stephen Kulik (D)*,
Jim Arciero (D),
Brian Ashe (D),
Cory Atkins (D),
Ruth Balser (D),
Christine Barber (D),
Jennifer Benson (D),
Nick Boldyga (R),
Thomas Calter (D),
Gailanne Cariddi (D),
Brendan Crighton (D),
Claire Cronin (D),
Josh Cutler (D),
Angelo D'Emilia (R),
David DeCoste (R),
Paul Donato (D),
Carolyn Dykema (D),
Jamie Eldridge (D),
Ann-Margaret Ferrante (D),
Michael Finn (D),
Carole Fiola (D),
Jennifer Flanagan (D),
Linda Forry (D),
Denise Garlick (D),
Colleen Garry (D),
Carmine Gentile (D),
Anne Gobi (D),
Thomas Golden (D),
Danielle Gregoire (D),
Pat Haddad (D),
Jonathan Hecht (D),
Robert Hedlund (R),
Bradford Hill (R),
Kate Hogan (D),
Russell Holmes (D),
Kevin Honan (D),
Steven Howitt (R),
Donald Humason (R),
Louis Kafka (D),
Jay Kaufman (D),
Mary Keefe (D),
Kay Khan (D),
Peter Kocot (D),
Barbara L'Italien (D),
Jason Lewis (D),
Jay Livingstone (D),
Timothy Madden (D),
Elizabeth Malia (D),
Paul Mark (D),
Christopher Markey (D),
Paul McMurtry (D),
James Miceli (D),
Leonard Mirra (R),
Dave Muradian (R),
Harold Naughton (D),
Jim O'Day (D),
Sarah Peake (D),
Alice Peisch (D),
Denise Provost (D),
Dave Rogers (D),
Danny Ryan (D),
Tom Sannicandro (D),
Paul Schmid (D),
John Scibak (D),
Alan Silvia (D),
Frank Smizik (D),
Todd Smola (R),
Tom Stanley (D),
Ellen Story (D),
Benjamin Swan (D),
Timothy Toomey (D),
Paul Tucker (D),
Aaron Vega (D),
Chris Walsh (D),
Daniel Wolf (D),
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 09/28/2015)
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/189/H2587 |
| Bill | https://malegislature.gov/Bills/189/H2587.pdf |
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