MA H3543

Bill

MA H3543

Establishing the Massachusetts infrastructure bank

Introduced
01/23/2017

In Committee
03/01/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to establish the Massachusetts infrastructure bank. Community Development and Small Businesses.

AI Summary

This bill establishes the Massachusetts Infrastructure Bank, a financial institution owned by the commonwealth that can accept deposits from public and quasi-public entities, make loans, and float bond issues. The bank aims to increase infrastructure financing options for cities, towns, and state agencies, offering stable and competitive financing to enable cost-effective planning. The bank will be governed by a 9-member board of directors with expertise in areas like economic development and municipal finance, and will receive advisory input from an 11-member board of advisors. The bank will not compete with retail, mortgage, or commercial banks, and will focus on serving the unmet infrastructure needs of municipalities and the state.

Committee Categories

Business and Industry

Sponsors (12)

Byron Rushing (D)*, Will Brownsberger (D), Mike Connolly (D), Julian Cyr (D), Sal DiDomenico (D), Carlos González (D), Peter Kocot (D), Jack Lewis (D), Jay Livingstone (D), Denise Provost (D), Dave Rogers (D), Tom Stanley (D),

Last Action

Accompanied a study order, see H4786 (on 07/19/2018)

Official Document

https://malegislature.gov/Bills/190/H3543

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H3543
Bill	https://malegislature.gov/Bills/190/H3543.pdf

Bill	Bill Name	Last Action	Type
H1778	Relative to underground infrastructure	Accompanied a study order, see H4651	Similar To
H401	Relative to community preservation funds for coastal infrastructure	Accompanied a study order, see H4571	Similar To
H4786	Financial services	Discharged to the committee on House Rules	Replaced by
H5005	Ensuring the safety and soundness of the commonwealth’s natural gas infrastructure	Signed by the Governor, Chapter 339 of the Acts of 2018	Similar To
S1357	Enhancing the safety of bank customers and employees	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S147	Relative to check cashing fees	Hearing scheduled for 10/17/2017 from 01:00 PM-04:00 PM in B-2	Similar To
S1603	Relative to the taxation of natural gas infrastructure	Accompanied a study order, see S2497	Similar To
S1861	Establishing a broadband infrastructure study commission	Accompanied a study order, see S2498	Similar To
S2111	Establishing a sick leave bank for David Banks, an employee of the Trial Court of the Commonwealth	Signed by the Governor, Chapter 61 of the Acts of 2017	Similar To
S576	Relative to credit and debit cards	Accompanied a study order, see S2496	Similar To

Bill > H3543

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (12)

Last Action

Official Document

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