Bill
Bill > H3202
MA H3202
MA H3202Providing for the terms of bonds issued by the Commonwealth for municipal road and bridge repairs
summary
Introduced
03/25/2015
03/25/2015
In Committee
03/25/2015
03/25/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to providing for the terms of bonds issued by the Commonwealth for municipal road and bridge repairs.
AI Summary
This bill allows the state treasurer to issue bonds for municipal road and bridge repairs with a maximum term of 30 years, meaning the repayment period for these loans cannot exceed three decades. These bonds must be fully repaid by June 30, 2050, aligning with a recommendation made by the governor in 2015. The bill is declared an emergency law to ensure these repairs can be facilitated promptly for the public's convenience.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Referred to the committee on House Bonding, Capital Expenditures and State Assets (on 03/25/2015)
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/H3202 |
| Bill | https://malegislature.gov/Bills/189/H3202.pdf |
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