MA S2300

Bill

MA S2300

Authorizing the town of Spencer to issue certain bonds for terms of 30 years

Introduced
05/19/2016

In Committee
11/10/2016

Crossed Over
12/29/2016

Passed
01/03/2017

Dead

Introduced Session

189th General Court

Bill Summary

For legislation to authorize the town of Spencer to issue certain bonds for terms of 30 years. Municipalities and Regional Government. [Local Approval Received.]

AI Summary

This bill authorizes the town of Spencer to issue bonds, which are essentially loans taken out by the town to fund projects, for a period of up to 30 years. This is a change from existing laws, specifically clauses (1), (1A), (4), (5), (6), (7), and (34) of section 7 of chapter 44 of the General Laws, which likely have shorter term limits for such bonds. The town's board of selectmen, who are elected officials responsible for managing town affairs, will have the final say on the exact length of the bond term, which can be 30 years or less. The bill takes effect immediately upon being passed.

Committee Categories

Government Affairs

Sponsors (3)

Anne Gobi (D)*, Donnie Berthiaume (R), Peter Durant (R),

Last Action

Pocket vetoed (on 01/14/2017)

Official Document

https://malegislature.gov/Bills/189/S2300

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/S2300
Bill	https://malegislature.gov/Bills/189/S2300.pdf

Bill	Bill Name	Last Action	Type
H2770	Authorizing the Department of Conservation and Recreation and the city of Worcester to create and operate a multi purpose rectangular field at the Lake Avenue Park in Worcester	Accompanied a study order, see H4102	Similar To
H3409	Relative to the qualification of voters	Accompanied a study order, see H4134	Similar To
H3476	Relative to imitation firearms	Accompanied a study order, see H4624	Similar To
H3520	Relative to state grants targeting minority communities	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H3880	Authorizing the town of Shrewsbury to grant an additional license for the sale of all alcoholic beverages not to be drunk on the premises.	Signed by the Governor, Chapter 56 of the Acts of 2016	Similar To
H4240	Relative to public participation in the sale of public property	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
S115	To ensure responsible bond issuance in the Commonwealth	Accompanied a study order, see S2145	Similar To

Bill > S2300

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

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