Bill
Bill > H4147
MA H4147
MA H4147A 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
03/31/2016
In Committee
03/31/2016
03/31/2016
Crossed Over
Passed
Dead
07/31/2016
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/H4147 |
| Bill | https://malegislature.gov/Bills/189/H4147.pdf |
Loading...