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Bill > H3202


MA H3202

MA H3202
Providing for the terms of bonds issued by the Commonwealth for municipal road and bridge repairs


summary

Introduced
03/25/2015
In Committee
03/25/2015
Crossed Over
Passed
Dead
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)

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