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Bill > H4147


MA H4147

MA H4147
A message from His Excellency the Governor transmitting to the General Court a letter making recommendations (pursuant to Section 3 of Article 62 of the Amendments to the Constitution) relative to the terms of bonds issued for the municipal road and bridge program. Bonding, Capital Expenditures and State Assets (House).


summary

Introduced
03/31/2016
In Committee
03/31/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to the terms of bonds issued for the municipal road and bridge program. Bonding, Capital Expenditures and State Assets (House).

AI Summary

This bill, originating from the Governor's office, proposes changes to the terms of bonds issued for the municipal road and bridge program, also known as the "Chapter 90" program, which is a state initiative to fund local infrastructure projects. Specifically, it recommends that the bonds authorized for this program, which would allow the state to borrow $200 million, be issued for a maximum term of thirty years, with a final payment deadline of June 30, 2051. This recommendation is made in accordance with a specific section of the Massachusetts Constitution that governs borrowing for capital expenditures and state assets.

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 03/31/2016)

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