Bill > S1735

This bill aims to enhance oversight and transparency of capital expenditures in the Commonwealth of Massachusetts. It requires the state treasurer, quasi-public entities, and independent authorities to submit biannual reports on their borrowing practices, including details on any derivative financial product transactions. These reports must be submitted to various legislative committees and made publicly available. Additionally, the Secretary of Administration and Finance, in consultation with the state treasurer, must approve and provide written justification for any such transactions before they are authorized. The bill also grants the House and Senate Committees on Bonding, Capital Expenditures & State Assets the power to hold oversight hearings and compel the production of relevant documents related to the Commonwealth's capital programs.

Government Affairs

https://malegislature.gov/Bills/190/S1735