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Bill > S1139
MA S1139
Authorizing the City of Somerville to borrow funds to pay certain costs of the Green Line Extension
summary
Introduced
01/23/2017
01/23/2017
In Committee
05/15/2017
05/15/2017
Crossed Over
06/05/2017
06/05/2017
Passed
06/08/2017
06/08/2017
Dead
Signed/Enacted/Adopted
06/14/2017
06/14/2017
Introduced Session
190th General Court
Bill Summary
For legislation to authorize the city of Somerville to borrow funds to pay costs of the Green Line Extension. Municipalities and Regional Government. [Local Approval Received.]
AI Summary
This bill authorizes the City of Somerville to borrow up to $50 million to pay for costs related to the extension of the Massachusetts Bay Transportation Authority's (MBTA) Green Line into the city, as assessed by the Commonwealth's Department of Transportation or other applicable state agency. The bill allows Somerville to incur this debt outside the normal limits on municipal borrowing, and legalizes any prior borrowing for this purpose. It also sets terms for the repayment of any bonds or notes issued, including allowing temporary loans of up to 10 years and bonds with terms of up to 30 years.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Signed by the Governor, Chapter 21 of the Acts of 2017 (on 06/14/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S1139 |
| Bill | https://malegislature.gov/Bills/190/S1139.pdf |
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