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MA S80

Relative to the smart growth housing trust fund


summary

Introduced
01/23/2017
In Committee
01/29/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to smart growth housing trust fund. Community Development and Small Businesses.

AI Summary

This bill amends the General Laws of Massachusetts to establish the Smart Growth Housing Trust Fund, which will be used by the Department of Housing and Community Development and the Department of Revenue to make payments to communities under the state's Chapter 40R (Smart Growth Zoning Districts) and Chapter 40S (school cost reimbursements) programs. The fund will be funded through the sale of state surplus lands, revenue received from certain tax provisions, and monetary sanctions imposed by the Department of Housing and Community Development. The bill also requires any excess funds in the trust above 1.5 times the anticipated obligations for the year to be paid to the General Fund.

Committee Categories

Business and Industry, Government Affairs

Sponsors (1)

Last Action

Accompanied a study order, see S2342 (on 03/15/2018)

bill text


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